Unemployment and sick pay insurance

Unemployment or a prolonged sick leave is a stressful time, even without any financial troubles. Being insured helps you in securing your monthly loan payments even if your income fell temporarily.

Secure your loan repayment

How would you manage your home loan repayments and your other regular expenses if you were left without work or fell ill?

Why take an insurance policy against unemployment or illness?

  • Being insured will support you if faced with unemployment or a long sick leave while you have loans to repay. Having an insurance policy is all the more important if your family's loan repayments depend on your income only. 
  • Even if social security in Finland is among the highest in the world, your income may drop drastically if you fall ill or are left without employment. If unemployed, you cannot maintain your usual standard of living with the earnings-related daily allowance alone. 
  • Unemployment cover and sick pay cover (temporary disability) are always granted together and attached to a secured loan from Nordea, such as a home loan.
  • You can choose a monthly indemnity of EUR 200–1 600, which will be available to you to pay your monthly loan repayments.
  • You’ll get a 10% raise to your insurance indemnity if you have an underage child at the time of the insured event. 

Send us a contact requestOpens new window, and we will give you a recommendation for insurance cover suited to your needs. 

Did you know?

  • During a long sick leave, your income may decrease to half of the usual amount. 
  • 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 employment contract. For instance, with monthly income of EUR 3 300, the sickness allowance from Kela will be around EUR 1 900 per month, which is also taxable income.
  • If you are not within the scope of the earnings-related unemployment benefit, the average amount of the unemployment benefit paid by Kela to you every month will be EUR 726. You will have to pay tax on this amount.
  • Source: Kela
Insurance indemnity

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

  • You can claim an insurance indemnity if you become unemployed for financial or production-related reasons or have to take sick leave due to an illness or accident, i.e. you are temporarily disabled.
  • A monthly indemnity is paid out from your insurance, which is EUR 200–1 600 according to your choice. The monthly indemnity is intended for paying your monthly loan servicing costs.
  • You’ll get a 10% raise to your insurance indemnity if you have an underage child at the time of the insured event.
How much does an insurance policy cost?
Terms and conditions and product material (only in Finnish)

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

  • You can claim an insurance indemnity if you become unemployed for financial or production-related reasons or have to take sick leave due to an illness or accident, i.e. you are temporarily disabled.
  • A monthly indemnity is paid out from your insurance, which is EUR 200–1 600 according to your choice. The monthly indemnity is intended for paying your monthly loan servicing costs.
  • You’ll get a 10% raise to your insurance indemnity if you have an underage child at the time of the insured event.

How much does unemployment and sick pay insurance cost?

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

Submit a contact requestOpens new window to us, and we will call you and give you a recommendation for insurance that suits your current life situation.

Insurance-related customer bonuses

As a Nordea Premium Customer or Private Banking Customer, you are entitled to a continuous 20% discount on the list price of any insurance.

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

Vakuutusturvia koskevat lisätiedot

Nordea MyLife hyvinvointietu

Voit hakea Nordea MyLife -henkilövakuutusta, kun olet 18-63-vuotias ja asut pysyvästi Suomessa. Henkilövakuutuksen hinta muodostuu yksilöllisesti ja siihen vaikuttavat ikäsi, valittavien vakuutusturvien turvamäärät sekä vakavan sairauden turvassa tupakointi.  

Vakuutusturvat työttömyyden ja tilapäisen työkyvyttömyyden, vakavan sairauden ja pysyvän työkyvyttömyyden varalta myöntää Nordea Vakuutus Suomi Oy (Y-tunnus 2868440-8).  Henkivakuutuksen eli kuolemanvaraturvan myöntää Nordea Henkivakuutus Suomi Oy (Y-tunnus 0927072-8). Nordea MyLife -vakuutukseen liitettävän hyvinvointiedun tarjoaa Nordea Henkivakuutus Suomi Oy tai Nordea Vakuutus Suomi Oy. Nordea Henkivakuutus Suomi Oy ja Nordea Vakuutus Suomi Oy myyvät Nordea MyLife -vakuutusta asiamiehenään toimivan Nordea Bank Oyj:n kautta. Tarkat vakuutuskorvausten perusteet sekä eri vakuutusturviin liittyvät korvausrajoitukset ilmenevät vakuutusehdoista sekä niiden merkitystä tarkemmin selventävästä tuoteselosteesta. Yleisistä korvausrajoituksista on säädetty vakuutussopimuslaissa. Nordea Henkivakuutus Suomi Oy:n ja Nordea Vakuutus Oy:n toimintaa valvoo Finanssivalvonta, www.finanssivalvonta.fi. Verotiedot 15.6.2021 tilanteen mukaan. Verotus voi muuttua sopimusaikana.

Nordea MyLife -sovellus on tuotettu yhteistyössä Benify Ab:n kanssa.