Broader than cancer insurance

Covers 8 different illnesses or medical treatments

Quick payout

A tax-exempt one-off insurance benefit of up to 300,000 euros

Loyalty discounts

A lower price for our home loan customers and Premium Customers

Financial security in the event of critical illness

  • Critical illness cover provides you with financial security should your income decrease due to critical illness.
  • Broader than cancer insurance. The insurance covers eight different illnesses or medical treatments: cancer, MS disease, heart failure, acute balloon angioplasty, coronary artery bypass, stroke, renal insufficiency and major organ transplant.
  • You can use the tax-exempt compensation the way you prefer, for quick access to medical treatment, your personal and your family’s welfare or balancing your everyday expenses, for example.
  • You can choose the benefit amount from between 10,000 and 300,000 euros. Our calculator will help you decide on the amount that suits you the best.

Critical illness cover comes with these benefits

  • The more you bank with us, the less you pay for your insurance. If you have a home loan with us, you are automatically entitled to a 15% discount on the normal price of insurance policies. If you are our Premium or Private Banking Customer, you are automatically entitled to a 20% discount.
  • As a K-Plussa customer, you earn Plussa points for your insurance premiums and get at least 10% off the price of insurance. Note that the 10% Plussa discount can’t be combined with other continuous customer discounts. You will always get the best discount you’re eligible for.

  • You can raise the claim amount by 15–25% by exercising actively. This exercise-based bonus is available only from Nordea.

You are eligible to apply for critical illness cover if you are aged 18–63 and reside permanently in Finland. The insurance is valid until you turn 65. You can buy the insurance cover online by using the banking codes of any Finnish bank. You don’t need to be a Nordea customer to take out the insurance policy.

Latest news

Enjoy new K-Plussa benefits

Connect K-Plussa to your insurance and grab the unique Plussa benefits: at least 10% off the price of insurance and Plussa points for your insurance.

Read more about Plussa benefits.

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What does the insurance indemnify and when is an indemnity paid?

  • An indemnity is paid for eight different illnesses or medical treatments: cancer, MS disease, heart failure, acute angioplasty, coronary artery bypass, stroke, renal insufficiency and major organ transplant. 
  • We will pay the tax-exempt indemnity to you soon after the required diagnosis or treatment measure has been made. Up to 90% of claims will be paid out within 5 days of us receiving the completed claim form and the required appendices.
  • You can use the insurance indemnity in any way you like – on anything you find important during your convalescence. 
  • You can choose whatever amount of indemnity that best suits your needs. If you buy the insurance online, you can choose an indemnity between 10 000 and 300 000 euros. It is possible to change the indemnity, for example, if your circumstances change.

You should take out the critical illness cover to secure your income.

  • Every fifth Finn will fall critically ill while still actively working, and every third Finn will develop some form of cancer during their lifetime.
  • A long sick leave may cut your earnings by as much as half, so you may struggle to cope with your loan repayments and other daily expenses. Your earnings will take an even bigger hit if you have to stop working altogether as a result of your illness.
  • 9 weekdays – this is the period your employer is liable to pay salary to you during a sick leave in addition to the day on which you fell ill. After this, your income will be based on Kela’s sickness allowance unless otherwise stated in your collective agreement. 
  • It’s not only middle-aged and older people who are affected by critical illnesses. If you are young and healthy and just starting out your career or don’t have a regular income yet, an insurance policy can help protect you financially if you fall critically ill.  

Price of critical illness insurance

The price of the insurance policy is determined individually and it depends on your age and the indemnity you have chosen. The use of tobacco products affects the insurance premium. 

Discounts:

  • Home loan customers -15%
  • Premium and Private Banking customers -20%
  • K-Plussa customers -10%
    • Note: the K-Plussa discount can’t be combined with Nordea’s customer discounts. You will always get the best discount you’re eligible for.

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Raise your insurance cover by 15–25% with physical exercise

Nordea personal insurance is the only insurance in Finland that rewards you for being physically active – you take exercise and we reward you with a better insurance cover.

  • Half an hour of brisk physical exercise a day will raise your insurance cover by 15%. 
  • One hour of brisk physical exercise a day will bring you a 25% raise to your insurance cover.

This free-of-charge benefit is included in your MyLife insurance policy. Read more about the well-being benefit.

The insurance provider and product material

Nordea MyLife insurance as well as all product material and customer service related to Nordea MyLife is offered only in Finnish or Swedish. The contractual language used is either Finnish or Swedish, and the purpose of the information provided on this website is only to give a general overview of Nordea MyLife.  

Terms, product description and additional information (in Finnish)

Nordea MyLife well-being benefit

Insurance provider

Critical illness cover is issued by Nordea Insurance Finland Ltd (Business ID 2868440-8) through its agents Nordea Bank Abp and Kesko Corporation. The well-being benefit add-on is offered by Nordea Insurance Finland Ltd. The Nordea MyLife app is provided in cooperation with Benify AB. 

The detailed criteria for claims and the insurance benefit restrictions related to the different kinds of cover are stated in the insurance terms and conditions and in the product description specifying their meaning. The general limitations on claims are laid down in the Finnish Insurance Contracts Act. The operations of Nordea Insurance Finland Ltd are supervised by the Finnish Financial Supervisory Authority, www.finanssivalvonta.fi. Taxation may change during the contract period. 

Critical illness cover - FAQ

See your price and grab our offer

See our recommendation for critical illness cover that best suits you and an estimate of the price. When you have done the calculation, you can buy the policy online.

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What type of insurance cover do I need? Check our recommendation

Tell us a few things about yourself to get a recommendation for suitable insurance covers and see their prices. The calculator is in Finnish.

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