Life insurance

Life insurance supports your family when you are unable to do so

Insure your life if You have:

  • close ones you care about and who are dependent on your income;
  • no financial resources for coping with unexpected life changes;
  • loan commitments.

Identify a life insurance product matching your needs and demands

Age

18-69 years

Monthly average net income
Period of the lost income that should be covered, months
Other loans
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Sum insured
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The recommended product is determined considering the age, income, chosen insurance period, loan obligations and product details. The product details are available in the comparison table.

Who is it for?

Life insurance helps your loved ones overcome financial obstacles in case you are no longer able to support them.

Do you take care of your family's monthly utility bills? Do you repay loans on a monthly basis? Do you take care of the expenses related to your children’s education, hobby groups?

If these expenditures are your responsibility, you should think of creating a financial safety net for your family for cases when you cannot help them anymore.

What risks could be covered?

Life insurance and additional covers could:

  • Provide your family with financial support in case of your death;
  • Help you and your family financially if in case of illness or accident you become permanently incapable of work;
  • Help yourself and/or your family pay back loans in case of death or permanent incapacity of the insured (you).

For a more detailed overview, see Conditions and Fees.

What other risks can be covered?

Life insurance may be upgraded with additional covers.

  • Trauma cover helps you in the event of an accident in case of insured event. It provides additional insurance benefit if you incur serious injuries (such as bone fracture). It will not cover temporary illness such as flu or pneumonia.

For a more detailed overview, see Conditions and Fees.

Insuring your life is simple and it can be done easily via Internet Banking.

  1. Start with providing information so we could suggest suitable solution;
  2. Follow the instructions to apply;
  3. The insurance cover will enter into force within 1 day after the insurance contract is signed; If underwriting is needed – contract could be signed after underwriting procedure.
  4. If medical examination is needed, it is free of charge.
  5. Tell your family about your life insurance contract so they’ll know where to seek help if something happens to you.
  6. You can withdraw from the contract at any time – cancelling the contract is free of charge.

Your life insurance cover may be a combination of different insurance products. Based the data you enter in the calculator, we will suggest the most suitable solution for you. For product comparison, see Product Comparison.

Fees

  • Life insurance

    Service Price, EUR
    Life insurance premium per month 0.8-1.2% of life insurance sum insured, divided by 12.
    Trauma supplementary insurance premium per month 0.2% of the sum insured for trauma supplementary insurance, divided by 12.
    Contract amendment Free of charge

    Effective from 01.01.2016

  • Life Insurance Plus

    Service Price, EUR
    Life insurance premium per month Depends on your age, state of health, sum insured and other risk factors.
    Supplementary insurance of disability Depends on your age, state of health, sum insured and other risk factors.
    Contract amendment Free of charge

    Effective from 01.01.2016

  • Loan insurance

    Service Price, EUR
    Life insurance premium per month Depends on your age, state of health, sum insured and other risk factors.
    Supplementary insurance of disability Depends on your age, state of health, sum insured and other risk factors.
    Contract amendment Free of charge

    Effective from 01.01.2016

Conditions

Life insurance
Life Insurance Plus
Loan insurance

In case of an insurance claim, fill in the application via Internet Banking or contact us by phone on 888 1513 for information and further guidance.

Please be informed that:

  • The claim must be filed no later than within 30 calendar days after the event.
  • In the event of a trauma, the indemnity insurance amount will be paid to you directly.
  • In the case of death of the insured person, the sum insured will be paid to the person designated in the contract or inheritor.
  • Insurance indemnity is paid no later than within 30 calendar days from the date when all information and documents concerning the event is received.

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Contacts

Insurance claims handling

In the case of an insured event, please notify us either personally or via a family member at the earliest opportunity. The services are provided by Swedbank P&C Insurance AS and Swedbank Life Insurance SE, Liivalaia 12, Tallinn 15039.

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