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Critical illness cover

Even the healthiest of us could get seriously ill. The illness may turn your life upside down and force you to stop working for a while – so it could be a heavy financial blow, too.

Critical illness cover to protect yourself and your family's finances

  • The insurance covers eight different illnesses or treatment measures. We will pay the tax-exempt indemnity to you right after the required diagnosis or treatment measure has been made. 
  • You can use the indemnity any way you like; for instance, for medical treatment costs or loan repayments. 
  • Acquiring an insurance policy is easy. You can manage the process from beginning to end online.

  • You can choose the amount of the indemnity. When bought online, the amount may be EUR 10 000–300 000.
  • You may apply for life insurance if you are aged 18–63 and reside permanently in Finland. 

Take out personal insurance now and enjoy Nordea’s customer benefits. 

  • Earn rewards for exercising! Get active and increase your insurance cover by up to 25%. You won’t find this unique well-being benefit anywhere else – and it’s free of charge.
  • If you have a home loan from us, we offer you a 15% discount on new MyLife insurance policies. If you are our Premium Customer or Private Banking customer, your discount is 20%.

Nordea MyLife wins Kuluttaja magazine’s test

Kuluttaja testivoitto

Nordea MyLife emerged as the winner of Kuluttaja magazine’s test in which different loan protection insurance policies were compared in September 2022. The magazine examined the terms and conditions and prices of various loan protection insurance policies offered by Finnish banks. The products were divided into non-comprehensive and comprehensive insurance policies that were scored separately. Nordea MyLife won both categories and was praised for its affordable pricing and flexible terms and conditions.

Read more about the test in Kuluttaja magazine in FinnishOpens new window(some of the content is available to subscribers only)

Nordea MyLife personal insurance can be tailored to your needs. It’s available as loan protection insurance or without the loan connection.

What does critical illness cover cost?

The price of the insurance is determined individually and it depends on your age and the indemnity you have chosen. The use of tobacco products affects the insurance premium. See what kind of insurance we recommend for you and calculate the price using our insurance calculator (only in Finnish).

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A chronic disease is a threat to your financial well-being

  • Every fifth working-age Finn falls ill with cancer, heart failure, coronary artery disease or stroke. 
  • 9 working days: This is how long the employer is liable to pay salary for the sickness period, in addition to the first day of illness.
  • A long sick leave may cut your earnings by as much as half, so you may struggle to cope with daily expenses. 

Source: Finnish Insurance Survey 2020 / Finance Finland and Kela

Insurance indemnity

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 balloon 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.
What does insurance cost?
Free additional benefit for your insurance
Terms and conditions and product material (only in Finnish)

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 balloon 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.

What does critical illness cover cost?

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. 

Customer benefits for insurance policies

If you have a home loan from us, we offer you a 15% discount on new MyLife insurance policies.

As a Nordea Premium or Private Banking Customer you get a continuous 20% discount on insurance. You can see the discount in the insurance calculator after you have verified your identity. 

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.

Nordea MyLife insurance terms and product material (only in Finnish)

Additional information

Nordea MyLife well-being benefit

You may apply for Nordea MyLife personal insurance if you are aged 18–63 and reside permanently in Finland. The price of a personal insurance policy is determined individually, and the pricing criteria are your age, the total amount of the insurance cover you have chosen and smoking in the case of cover against serious illness.

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. Critical illness cover, permanent disability cover as well as unemployment and temporary disability (sick pay) cover are issued by Nordea Insurance Finland Ltd (Business ID 2868440-8). Life insurance, i.e. death cover, is issued by Nordea Life Assurance Finland Ltd (Business ID 0927072-8). The additional MyLife well-being benefit is offered by Nordea Life Assurance Finland Ltd or Nordea Insurance Finland Ltd. Nordea Life Assurance Finland Ltd and Nordea Insurance Finland Ltd sell Nordea MyLife through their agent Nordea Bank Abp. The detailed indemnification criteria and indemnification 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 indemnity are laid down in the Finnish Insurance Contracts Act. The operations of Nordea Life Assurance Finland Ltd and Nordea Insurance Finland Ltd are supervised by the Finnish Financial Supervisory Authority, www.finanssivalvonta.fi. Tax information complies with the situation as on 15 June 2021. Taxation may change during the contract period.

The well-being benefit is provided in co-operation with Benify Ab.

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Critical illness cover - FAQ

Exactly the right insurance for you

See what kind of insurance we recommend to you.

Calculate price and buy online (only in Finnish)