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Secure your living if your income decreases permanently

Permanent disability cover will help you compensate for your lost income. You are entitled to one-off indemnity for the permanent loss of your ability to work due to an illness or accident. 

The additional cover is especially important when your family’s livelihood depends on your income, if you have children or if you manage your finances alone. 

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. 

Permanent disability cover comes with these benefits

  • Discounts available to all Nordea customers. If you have a loan with us, you receive a minimum 15% ongoing discount. If you don’t have a loan, you still receive a 10% ongoing discount.

  • K-Plussa benefits with your insurance. Connect your K-Plussa loyalty card to your insurance policies and earn Plussa points for insurance premiums.
  • You’ll get up to a 50% increase to your compensation amount for free. Automatic 25% increase (an additional benefit to be confirmed annually) and an opportunity to increase your compensation amount by 15–25% by exercising actively. This exercise-based bonus is only available with Nordea’s life insurance policies.

You are eligible to apply for permanent disability 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.

Insurance indemnity
How much does an insurance policy cost?
Free additional benefit for your insurance
Insurance provider and product material (only in Finnish)

To whom is indemnity paid and what can it be used for?

  • Tax-exempt one-off compensation will be paid for permanent loss of ability to work caused by an illness or accident. 
  • Disability is permanent if you are not able to return to your former work due to an illness or injury and you cannot be rehabilitated or trained for any new job or occupation. Verification of permanent disability is usually preceded by an uninterrupted period of disability for at least one year. Disability is assessed by an earnings-related pension company on the basis of a medical report. 
  • You can use the indemnity the way you prefer, for rearranging your life or for your daily expenses, for example.
  • You can choose the maximum amount indemnified freely; the minimum amount is EUR 10 000. When bought online, the amount may be EUR 10 000–300 000.

The price of permanent disability cover

The price of an insurance policy is customer-specific and based on your age and the amount of indemnity you have chosen.

  • 15% ongoing discount, if you have home loan, student loan or other secured loan with us

  • As our loan customer, you can also get a 15% an additional 5% payment method discount, if you choose to pay your insurance premium together with your loan instalment. The payment method discount does not apply to student loans.
  • 10% ongoing discount for all other Nordea personal customers

  • If you are not a Nordea customer, you can get the K-Plussa customer 10% discount by connecting your Plussa card to the insurance policy

Check our recommendation for a policy suited to your needs and calculate the price with our insurance calculator. The discount is shown 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 wellbeing benefit.

Permanent disability cover - FAQ

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