Life insurance

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

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

Family can be protected in difficult times by saving up or insuring your life.

For example, € 20,000 protection will be provided to you:

by insuring in € 7 per month** 5 minutes
by saving € 200 per month 8 years

NEW OPPORTUNITY! Now you can add Trauma insurance to your Life insurance contract.

** The estimated payment given in the example applies for the Life insurance plus of € 20,000 to a 30-year-old person with healthy lifestyle.

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

Life Insurance Plus

Compensates for the loss of income, covers major liabilities, and other expenses.

Life insurance

Covers for the loss of income of a close one.
Sum insured 20 000 - 250 000 € 13 260 €
Life insurance cover Yes Yes
No work ability cover Yes -
Double cover in case of traffic accident - Yes
Trauma insurance - NEW! - Yes
  Enter into agreement Enter into agreement

Which insurance to choose?

We cannot avoid unexpected setbacks in life. Serious diseases or accidents or the loss of someone may hit each of us. Life insurance does not make these events non-existent, but helps us cope much better with otherwise financially difficult times, offering the necessary security capital. Life insurance creates peace of mind because you have done everything in your power to protect your close ones and yourself. Read more about advantages

I am
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Healthy life discount:
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Who needs protection?

Do you take care of your family's monthly utility bills? Do your repay any loan monthly? Who takes care of the expenses related to your children's hobby groups?

If these expenditures are your responsibility, you should think of creating a sense of security for your family for the time when you cannot help them any more.

What risks are covered?

  • In the case of no work ability of the insured person, a life insurance contract helps to compensate for the loss of income for the close ones and to pay major liabilities and other expenses. In the event of permanent incapacity for work of the insured person, a person is, in general, in a very serious condition, and is not able to work normally and earn their income. At the same time, new expenses may occur. In such case the insurance indemnity would help to cope with all costs.
  • Permanent incapacity for work shall be deemed to be a long-term, very serious health disorder caused by an accident or a disease and having an impact on the physical or mental abilities of the insured person, due to which the capability to work of the insured person decreases by 90% or more. The indemnity for permanent incapacity for work will be paid, if the Estonian National Social Insurance Board establishes permanent incapacity for work (90–100%) to the insured person for at least one year. The decision on the payment shall be made by Swedbank Life Insurance SE, whereas in exceptional cases also additional documents or analyses may be required. Read more

Covers for the loss of income of a close one

Protection in the amount of Estonian average annual salary allows compensating lost income and paying unavoidable costs in the case of loss of a family member. Primarily, entry into a contract is of importance for young families with children, who have not yet managed to save money for unexpected events.

How the insurance premium is determined?

The insurance premium is determined based on your age at the time of entry into the contract and average monthly salary in Estonia. With the change of age during the term of the contract the percentage of the monthly average salary does not change. The sum insured under the contract changes every year based on the Estonian average gross annual salary calculated by the Statistical Office. Read more

Age Life insurance monthly payment Trauma insurance monthly payment
18 - 30 8,84 EUR 2,21 EUR
31 - 40 11,05 EUR 2,21 EUR
41 - 50 13,26 EUR 2,21 EUR

What risks are covered?

  • In the event of death of the insured person, a life insurance contract helps to compensate for the loss of income for the close ones and to pay major liabilities and other expenses. A double indemnity is paid in the case of death through a traffic accident.
  • Trauma cover represents additional insurance in the event of an accident. It ensures that additional compensation will be paid out to you should you suffer serious injuries (such as broken bones).

Examples of trauma and compensation

If you should be in an accident recovering from which takes a longer period of time, the insurance will pay you compensation. Read more about different injury and compensation from trauma insurance terms and conditions.

Injury Compensation sum Percent from the insurance sum*
Brain concussion 1989 EUR 15%*
Fracture of three ribs 530 EUR 4%*
Fracture of the elbow bone (each bone) 530 EUR 4%*
Fracture of index finger 265 EUR 2%*
Knee meniscus tear 265 EUR 2%*
Tibia fracture in ankle (each bone) 663 EUR 5%*
Fracture of the big toe 265 EUR 2%*
* The trauma insurance compensation sum is calculated as a percentage from the supplementary insurance sum. The supplementary insurance sum is always equal to the life insurance sum that until 01.04.2017 is €13 260.

Contact agreement

  • You can enter into a life insurance contract comfortably in internet bank, without leaving home.
  • The insurance cover will enter into force immediately after signature of the insurance contract (the policy has been issued). The additional accident insurance shall become valid on the day following the day of concluding the contract.
  • To entry into the contract you have to confirm a health declaration. The declaration contains four items about the health of the policyholder. Insurance premiums are paid by e-invoice standing order agreement every month – 12 times a year. The amount of premium does not change during the year.
  • You can withdraw from the contract at any time - visit our branch or call to investment support for this purpose. Cancelling the contract is free of charge.
  • This life insurance contract is not a contract where accumulation of funds and life insurance are linked. The policyholder pays only for the insurance cover and no insurance sums will be refunded, irrespective of whether an insured event occurs or not. In this respect, this life insurance can be compared to the comprehensive insurance for cars.

To get more information You can also send us a message using the following form.

Payment of indemnity

the case of death of the insured person the sum insured is paid to the person you have designated in the contract; usually, this is a family member or a person important to you.

In the event of trauma you are paid the insurance amount directly. In the case of the injuries listed in the trauma cover table (mainly broken bones) the compensation is paid out as soon as possible after we have been notified of the accident and provided with the required documents. If an injury is not listed in the table, the compensation is paid out on the basis of a daily allowance after your doctor’s certificate has expired.

Notify of damage

Please notify the insurance In the case of an insured event via insured person personally or via family member immediately.

Swedbank Life insurance SE
Liivalaia 12, Tallinn 15039

Customer service: 613 1606
investeerimistugi@swedbank.ee

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Please notify the insurance In the case of an insured event via insured person personally or via family member immediately. The services are provided by Swedbank P&C Insurance AS and Swedbank Life Insurance SE. Liivalaia 12, Tallinn 15039