Credit-life insurance

Only on 20 September life insurance for one year 25% off!

Sign a life insurance contract in internetbank. It`s more convenient.

Your home will belong to you or your close ones for generations with the loan protection insurance as in the event of your no work ability or death caused by an accident or a disease, your insurance will pay your loan back.

Enter into agreement

The 25% discount on life insurance applies to new Life Insurance, Life Insurance Plus and Loan Insurance agreements.

Only on 20 September life insurance for one year 25% off!

Sign a life insurance contract in internetbank. It`s more convenient.

Your home will belong to you or your close ones for generations with the loan protection insurance as in the event of your no work ability or death caused by an accident or a disease, your insurance will pay your loan back.

Enter into agreement

The 25% discount on life insurance applies to new Life Insurance, Life Insurance Plus and Loan Insurance agreements.

Choose the most suitable protection for your loan

  Credit-life insurance Credit-life insurance + loan payment protection insurance
Life insurance
No work ability cover
Temporary incapacity for work  
Unemployment  

Credit-life Insurance Calculator

Insured's age
Sum insured
Loan payment protection insurance sum
 EUR
* Insurance payments in calculator are not final and can change after finishing underwriting process. Monthly payment for life insurance cover increases together with age and decreases when loan balance and sum insured decreases.

Based on the life sum insured, you can get a 25% discount on payment for life and the case of no work ability cover. 10% - it applies because sum insured is in the range 50 000 - 74 999.

Life insurance: 
0.00EUR
No work ability: 
0.00EUR
Loan payment protection:
0.00EUR
First monthly payment:
0.00

See more detailed results

Do I need to insure my loan?

All home loan clients should consider credit-life insurance and loan payment protection insurance. A loan is an obligation and for each borrower it is important that the loan taken would not become a burden for themselves or their close ones, if the borrower cannot repay it.

Credit-life insurance guarantees that your loan will be repaid in the case of no work ability or death. Insurance cover decreases with the loan balance and the indemnity is paid to the bank.
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Loan payment protection insurance helps you pay monthly loan repayments if you lose your job or become incapacitated for work. The insurance premium depends on the monthly loan repayment and the indemnity will be paid to you.
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What is the amount of the sum insured that should be selected?

The sum insured up to three annual salaries. We recommend a sum insured that covers the whole loan amount. In such case you will have security that if your life ends because of an accident or disease or if you suffer serious case of no work ability, Swedbank Life Insurance SE shall pay back your loan. If necessary, you can also choose a smaller amount than your loan balance or insure the loan only in part.

If you have insured your loan, inform you close ones
Please be sure to inform your close ones of entry into the contract. This indicates that you care for them and, in addition, they can immediately notify the insurer of the occurrence of a possible insured event.

Healthy lifestyle discount

If you are healthy and your lifestyle shows that you care about your health, you will get a 10%* discount on credit-life insurance. To receive the discount, you will have to comply with the following criteria:

  • you have not smoked for two years;
  • your body mass index** is between 18 and 29;
  • you have not been diagnosed chronic diseases or other health issues, which requires regular treatment or supervision of doctor, and your hobby and/or occupation is not rated as higher risk activity.

* The maximum discount together with the discount of the sum insured is 25% of the insurance premium.

** The body mass index is a value expressing the ratio of a person's weight and height. To find the body mass index, the weight in kilograms is divided by the square of the person's height in metres. Example: the body mass index of a man who is 180 cm tall and weighs 84 kg is: 84 / 1.82 = 26

Loan taken out by two people can also be insured with credit-life insurance

The sum insured for both contracts can be as large as the balance of the loan, although it can also be determined as a percentage of the balance.For example, you can arrange your credit-life insurance so that the amount for the primary borrower is 50% of the balance and also 50% for the co-applicant.

In the case of pro rata insurance, one of the possibilities is to proceed from the ratio between the income of the primary borrower and co-applicant. For instance, if the income of the primary borrower is higher, then his or her credit-life insurance amount would also be higher.

Extensive cover means better price

Based on the sum insured, you can get up to 25% discount on credit-life insurance. The discount depends on the amount of the sum insured but applies to the entire insurance premium:

Sum insured (€) Discount percentage
20 000–49 999 0%
50 000–74 999 10%
75 000–99 999 15%
100 000-... 25%

* The maximum discount together with the healthy lifestyle discount is 25% of the insurance premium.

Convenient monitoring of the contract in the Internet bank

You will find detailed information about your contract in the Internet bank, where it is possible to view the sums insured, read the terms and conditions, and make amendments in the contract.

If you have any questions, you will get quick answers from the Investment Helpline on 613 1606 (Mon-Fr 8:30 – 18:00). The Investment Helpline will also help you if you wish to amend the credit-life insurance contract.

Please contact us by e-mail kahjuabi@swedbank.ee
in the case of death of the insured person or if you have insured your life and suffered an accident,
or if you have signed a Loan payment protection insurance contract and you are unemployment or suffered an accident which causes temporary incapacity for work.

Please read the terms and conditions of the contract before you sign the contract and consult an expert if necessary. Loan insurance (life cover with permanent incapacity for work) is offered by Swedbank Life Insurance SE. Loan payment protection insurance (cover for temporary loss of work with unemployment cover) is offered by Swedbank P&C Insurance AS.

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Please read the terms and conditions of the contract before you sign the contract and consult an expert if necessary. Loan insurance (life cover with permanent incapacity for work) is offered by Swedbank Life Insurance SE. Loan payment protection insurance (cover for temporary loss of work with unemployment cover) is offered by Swedbank P&C Insurance AS.