Personal insurance for an active exerciser | Nordea

What does the well-being benefit mean?

It is a free feature of Nordea MyLife personal insurance that helps you to increase your insurance cover without additional costs.
You’ll get better insurance cover by exercising regularly! This means doing an activity that makes you breathe faster and raises your heart rate. You can walk, run, exercise, dance or pick any other sport you enjoy.
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.
The increase in insurance cover is determined by your physical activity data. The duration and intensity of your exercise is converted into activity points, the average of which determines your activity level.
You can easily track your earned activity points by downloading the MyLife app to your phone.

You can increase your life insurance cover, critical illness cover, permanent disability cover or your cover for death or permanent disability caused by an accident.

Take advantage of the discount prices for Nordea customers

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%.

This is how getting active can increase your insurance cover

An example of 15% increase

If the benefit amount you choose is EUR 50,000 and you do 30 minutes of physical exercise a day, you can get a 15% raise to your insurance cover. If the insured event occurs, the insurance benefit will be EUR 57,500.

An example of 25% increase

If the benefit amount you choose is EUR 100,000 and you do 60 minutes of physical exercise a day, you can get a 25% raise to your insurance cover. If the insured event occurs, the insurance benefit will be EUR 125,000.

How does the well-being benefit work?

How does the well-being benefit work?

You will get access to the Nordea MyLife app

The well-being benefit includes the free-of-charge Nordea MyLife app. In the app you can see how your activity level affects your insurance cover. You can also connect your activity trackers, for example sports watches, to the MyLife app.

You can share your activity data with the app through Google Fit. We’ll show you how to do this once you have bought your insurance policy.

How is the increase in insurance cover determined?

The increase in insurance cover is determined by your physical activity data. The duration and intensity of your exercise is converted into activity points, the average of which determines your activity level. Based on the activity level, you will receive a 0%, 15% or 25% increase in your insurance coverage.

The activity levels, their point thresholds and the increases they generate:

Beginner, 0–19 points, no insurance cover increase
Moderate exercise, 20–44 points, 15% increase – moderate exercise means that you walk briskly for about 30 minutes or run for 15 minutes every day.
Active exercise, 45 or more points, 25% increase – active exercise means that you walk briskly for about 60 minutes or run for 30 minutes every day.

Your activity level will be determined after you have had the well-being benefit for 100 days. After this, your activity level will always be the 100-day average.

You can see your activity level and the increase in insurance cover in the Nordea MyLife app and in Netbank's Insurance service.

More information on calculating activity points is available in the Nordea MyLife app and the rules of the Nordea MyLife well-being benefit. The Nordea MyLife app is developed for Nordea by Benify Ab.

How can I get the well-being benefit?

You will get the well-being benefit automatically when you buy a Nordea MyLife personal insurance policy. Go to our insurance calculator and buy an insurance policy for yourself quickly and easily online!

If you have already taken out Nordea MyLife personal insurance but do not have the well-being benefit, please send us a message via Nordea Mobile or Netbank or call the customer service of Nordea Life Assurance and Nordea Insurance at 0200 22320 (local rates apply) Mon–Thu 8.30–16.30 and Fri 10.00–16.30.

MyLife incurance covers

Select the insurance covers that suit your MyLife personal insurance the best

You can select one or more of the following insurance covers and include them in your personal insurance policy.

Critical illness cover

An excellent choice when you want to protect your finances in the event of being diagnosed with a serious illness. It helps secure your family’s income in times of financial hardship.
You can claim compensation for eight illnesses or treatments, and use the compensation as you like – for whatever you feel is important.

By taking advantage of the well-being benefit, you can increase your critical illness cover by 15% or 25%.

Life insurance

Life insurance provides income for your loved ones and helps them cope financially if you were to die. Taking out a life insurance policy is therefore especially important if you have a partner and/or children.
The compensation will be paid as a lump sum to the beneficiary you have designated. The beneficiary is free to use the compensation for anything necessary, such as daily expenses, loan repayment or inheritance tax.

By taking advantage of the well-being benefit, you can increase your life insurance benefit by 15% or 25%.

Permanent disability cover

A permanent disability cover secures your income if you are not able to return to working life due to an illness or accident.
The additional cover is especially important if your family’s livelihood depends on your income, if you have dependants or if you manage your finances alone.
The cover will pay out a tax-free lump sum to help you compensate for lost income.

By taking advantage of the well-being benefit, you can increase your permanent disability cover by 15% or 25%.

Cover for unemployment and temporary disability (sick leave)

Having an insurance cover for unemployment and temporary disability helps you in securing your monthly loan payments even if your income fell temporarily.
This cover is always linked to a Nordea loan (a home loan, for example), and the compensation is used for repaying the loan.

You can’t use the well-being benefit to increase your cover for unemployment and temporary disability, but you will get all other benefits available in the MyLife app.

Product material and insurance provider

Product material and insurance provider

Nordea MyLife insurance as well as all product material and customer service related to Nordea MyLife is offered 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 well-being benefit.

You are eligible to apply for Nordea MyLife personal insurance if you are aged 18–63 and reside permanently in Finland. The price of the insurance policy is determined individually and it depends on your age, the total amount of the insurance cover you have chosen and, in the case of cover against critical illness, whether you smoke or not.

The covers against unemployment, temporary disability, critical illness as well as permanent disability 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 well-being benefit add-on to Nordea MyLife insurance 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 compensation criteria and compensation 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 Life Assurance Finland Ltd and Nordea Insurance Finland Ltd are supervised by the Finnish Financial Supervisory Authority, www.finanssivalvonta.fi. Tax information is in accordance with the situation as at 1 January 2022. Taxation may change during the contract period.

Select the insurance covers that suit your MyLife personal insurance the best

You can select one or more of the following insurance covers and include them in your personal insurance policy.

Critical illness cover

An excellent choice when you want to protect your finances in the event of being diagnosed with a serious illness. It helps secure your family’s income in times of financial hardship.
You can claim compensation for eight illnesses or treatments, and use the compensation as you like – for whatever you feel is important.

By taking advantage of the well-being benefit, you can increase your critical illness cover by 15% or 25%.

Life insurance

Life insurance provides income for your loved ones and helps them cope financially if you were to die. Taking out a life insurance policy is therefore especially important if you have a partner and/or children.
The compensation will be paid as a lump sum to the beneficiary you have designated. The beneficiary is free to use the compensation for anything necessary, such as daily expenses, loan repayment or inheritance tax.

By taking advantage of the well-being benefit, you can increase your life insurance benefit by 15% or 25%.

Permanent disability cover

A permanent disability cover secures your income if you are not able to return to working life due to an illness or accident.
The additional cover is especially important if your family’s livelihood depends on your income, if you have dependants or if you manage your finances alone.
The cover will pay out a tax-free lump sum to help you compensate for lost income.

By taking advantage of the well-being benefit, you can increase your permanent disability cover by 15% or 25%.

Cover for unemployment and temporary disability (sick leave)

Having an insurance cover for unemployment and temporary disability helps you in securing your monthly loan payments even if your income fell temporarily.
This cover is always linked to a Nordea loan (a home loan, for example), and the compensation is used for repaying the loan.

You can’t use the well-being benefit to increase your cover for unemployment and temporary disability, but you will get all other benefits available in the MyLife app.

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