Cover for death or permanent disability caused by an accident

• The policy covers permanent disability or death resulting from an accident. 
• The insured is considered to be permanently disabled if they have lost their ability to perform the duties of any suitable occupation and earn a reasonable income. In the case of a permanent disability, a tax-exempt lump sum is paid out to the insured.
• The policy covers accidental deaths caused by traffic accidents, slipping, falling and drowning, for example. In the case of death, a lump sum is paid out to the selected beneficiary.
• You can choose the amount of cover you need. There is no any upper limit, but the amount of cover must always be at least 10,000 euros.
• The insurance is valid until you turn 65.

What is excluded from the insurance policy?

The policy does not cover a permanent disability or death which does not result from an accident. As an example, a permanent disability or death caused by a critical illness is not covered.

For more detailed information about what is compensable under the policy, please see the product description and insurance terms and conditions.

The price of your insurance policy depends on the amount of cover you choose. If you are a Nordea customer, you can get a discount on your insurance premiums.

Discounts for Nordea customers

• If you have a home loan with us, you are always entitled to a 15% discount on your insurance policy
• If you are our Premium or Private Banking Customer, you are always entitled to a 20% discount on your insurance policy

Well-being benefit – a free add-on you can use to increase your compensation amount by 15% or 25%

Your insurance policy will include a free add-on that allows you to raise your insurance cover by up to 25% with physical exercise. This well-being benefit is unique in Finland and only available for Nordea’s personal insurance policies.

• 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.

Stay active and get rewarded with even better insurance cover. Read more about the well-being benefit.

• Terms and conditions of Nordea MyLife insuranceOpens new window
• Nordea MyLife product descriptionOpens new window
• Additional information about cover for death or permanent disability caused by an accidentOpens new window

Nordea MyLife well-being benefit

• Rules of Nordea MyLife well-being benefitOpens new window
• Terms and conditions of Nordea MyLife appOpens new window
• Nordea MyLife app privacy policyOpens new window

Cover for death or permanent disability caused by an accident is issued by Nordea Insurance Finland Ltd (Business ID 2868440-8) through its agent Nordea Bank Abp. 

Detailed compensation criteria and limitations on claims related to the different kinds of cover are stated in the insurance terms and conditions and in the product description specifying their meaning. General limitations on claims are laid down in the Finnish Insurance Contracts Act. Nordea Insurance Finland Ltd’s operations are supervised by the Financial Supervisory Authority (FIN-FSA). The Nordea MyLife app is provided in cooperation with Benify AB.