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.

Find suitable life insurance

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We can recommend life insurance if your age is between 18-69.

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Life insurance can be recommended if your income is at least 300€.

Your loan obligations

Mortgage in Swedbank? Log in for more detailed calculation.

Life sum insured


Sum insured
0
Sum insured (life, traumas insurance)
Life sum insured
Mortgage null sum insured
Mortgage null sum insured
Mortgage null sum insured
No work ability sum insured
Trauma sum insured
Total first monthly payment
Discount
0%
Total monthly premium
0

The insurance calculation is based on age, income, desire to protect your close ones and cover your loan obligations.

Swedbank Life Insurance SE processes your personal data by automated means, including profiling, to assess insurance risk, calculate premium and sum insured and conclude insurance contract. We process health and other data we receive from you and data we have in existing and previous insurance contracts and applications as well as data shared by Swedbank AS, such as age and loan data, if applicable. Contract conclusion may be fully automated. Please read more from our Principles of Processing Client Data here.

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 yourfamily 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.

Payments

Effective from 10.09.2020
Insurance cover Monthly payment
Life and disability insurance Depends on your age, state of health, sum insured and other risk factors.
Trauma insurance 4.90 €
Service
Contract conclusion Free of charge
Contract amendment Free of charge
Early termination of the contract Free of charge

Conditions

Calculator

Life insurance to cover loan

In case of an insurance claim, fill in the application via Internet Bank or contact us by phone on 888 2111 for information and further guidance.

Please be informed that:

  • Insurer makes the decision and insurance indemnity is paid no later than within 30 calendar days from the date when all information and documents concerning the event is received.
  • In the case of death of the insured person, the sum insured will be paid to the person designated in the contract or inheritor.
  • Inability to work (disability) is no work ability or, caused by long-term serious illness or injury, determined by the Unemployment Insurance Fund and issued for at least 12 months. This does not refer to being on sick leave.
  • In case of inability for work (disability) the indemnity insurance amount will be paid to you directly or to the beneficiary designated in the contract.
  • In the case of trauma protection, the person will be compensated for injuries (e.g. broken bones, tears) that have been caused by accidents (e.g. a fall, being hit, collision, attack). Trauma is not an illness (e.g. influenza, spondylosis), muscle pain caused by exercise or chronic pain (e.g. back pain, knee pain or shoulder pain).
  • In the event of a trauma the indemnity insurance amount will be paid to you directly.

News

Life insurance cover will increase

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Change of underlying asset in contracts Pension Insurance to Investment Funds (UP), Fund Plan (UL), Childrens Fund Plan (UC), Fund Policy (UE), Personal Investment Plan (UI).

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Life insurance cover will increase


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Change of underlying asset in contracts Pension Insurance to Investment Funds (UP), Fund Plan (UL), Childrens Fund Plan (UC), College Fund (CE), Fund Policy (UE), Personal Investment Plan (UI).


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Life insurance cover will increase


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From 29.01.2018 it is mandatory to enter a personal reference number when making payments to Swedbank Life Insurance SE

From 29.01.2018 it is mandatory to enter a personal reference number when making payments to Swedbank Life Insurance SE. The personal reference number must be indicated in the payment order using field reference number. This guarantees that any paid insurance premium will be paid exactly where it is intended. You can find a personal reference number from internetbank by looking at your contract data.

If you have any questions, please contact our investment support Monday-Friday 8.30-18.00 at 6131606 or e-mail investeerimistugi@swedbank.ee.

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Previous news

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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.