Navigate to main page content
Become a customer

Loan payment protection insurance

68% of cases are due to incapacity for work*

Insure yourself against unemployment and incapacity for work

Loan Payment Protection Insurance helps you to pay the monthly loan payments in case you:

  • unexpectedly lose your job;
  • stay on sick leave for more than 30 days also due to your child‘s illness.

In case of unemployment or sick leave we will cover amount of your loan payments for up to 12 months.

*A summary of losses in 2021 according to the data of Swedbank P&C Insurance AS on paid insurance indemnities.

Loan Payment Protection is an insurance designed specifically for only Swedbank borrowers. It is possible to conclude insurance agreement together with new loan, it means 30 days counting since loan contract conclusion. The insurance will alleviate your financial burden in case you will be unemployed or be on incapacity for work.

  • The insurance premium is 3% of your monthly mortgage or small loan payment. For example, if the monthly loan payment is €100, then insurance premium is €3 for the month.
  • You can conclude the insurance contract, if you have at least 1 year of your loan agreement repayments, and if the loan balance is more then €500. Loan Payment Protection Insurance is available for borrowers of up to 62 years of age. Insurance contract will not be renewed after 63 years of age.
  • We recommend that also the co-borrower conclude the insurance contract.

In case of incapacity for work

If you or your child gets ill unexpectedly, suffers a trauma, etc., and a more than 30-day treatment is required, we will provide an indemnity that covers your monthly loan payments for the sick leave period.

In case of unemployment

We will pay you the indemnity, if for example, you are offered an agreement to terminate employment, you are given a notice of termination of the contract due to downsizing or eliminating your position in a reorganised company.

The unemployment cover will take effect 90 days after the insurance contract has come into force. Cover is valid if Your permanent place of residence is Republic of Estonia.

The indemnity will be calculated starting from 30 days after the insured event.

In the Terms and Conditions you can find detailed information about insured events and exclusions, principles of indemnification and other important conditions.

After signing a new loan contract your monthly payment will be visible in the internet bank. Conclude an insurance contract by confirming it in the internet bank within 30 days of loan contract signing.

For illness the insurance cover will take effect immediately after the insurance contract has come into force.

For unemployment the insurance cover will take effect 90 days after the insurance contract has come into force.

Submit the insurance application form, if you:

  • Have lost your job (you also need to register yourself as unemployed);
  • fall ill or get injured in an accident, and you won’t be able to work for more than 30 days (you also need to present the medical certificate confirming your long-term incapacity for work).

Fill in the claim form

Our claim handling specialist will contact you and provide further guidance.

  • Please be informed, that in case of insurance indemnity payout, insurer will pay out to your bank’s account, therefore you have to continue with your loan monthly payments according to your loan agreement.
  • The indemnity will be calculated starting from 30 days after the insured event takes place.
  • The maximum period for being indemnified is 12 consecutive months.
  • The indemnity will be paid to your bank account.


If your monthly loan payment is €210 and you fall ill for 50 days, then you‘ll get the indemnity for 20 days. Daily indemnity is €7 (210 € : 30 days). The amount of benefit for these 20 days will be € 140 (20 days x € 7).

Insure your life if you have close ones you care about, and who depend on your income.

Insure yourself against a sudden illness or unemployment in the amount of credit card liabilities.

Small loan is well-suited to purchase domestic appliances, home repairs, to cover medical costs, to start with entrepreneurship.


Insurance claims handling

Swedbank logo

Internet Exploreriga ei saa internetipanka avada.

Palun kasuta Google Chrome’i, Mozilla Firefoxi või Microsoft Edge’i.

Alates 23. märtsist ei ole võimalik Internet Exploreri veebibrauseri kaudu Swedbanki internetipanka avada.

Internet Exploreri kaudu ei saa teha ega kinnitada Swedbanki makseid ka teistel veebilehtedel.

Soovitame kasutada Internet Exploreri asemel Google Chrome’i, Mozilla Firefoxi või Microsoft Edge’i uusimat versiooni. Nende seadistamise juhendid leiad siit.

С 23.03.2021 Интернет-банк Swedbank недоступен в браузере Internet Explorer.

С помощью Internet Explorer невозможно авторизоваться или осуществлять платежи через Swedbank на сторонних веб-страницах.

Вместо браузера Internet Explorer мы рекомендуем использовать браузеры Google Chrome, Mozilla Firefox или Microsoft Edge. Инструкции по установке упомянутых браузеров можно найти здесь.

From 23.03.2021 Swedbank Internet Bank and Banklink is no longer available using Internet Explorer browser.

It is not possible to authorize or make payments from Swedbank on other web pages using Internet Explorer.

Instead, we suggest using Google Chrome, Mozilla Firefox or the newest version of Microsoft Edge. To find out how to install the suggested browsers, please click here.

Klienditugi - Инфо и помощь - Customer service: +372 6 310 310

  • Teie operatsioonsüsteem ja veebilehitseja ei ole kaasaegne ega toetatud Swedbank internetipanga poolt. Palun uuendage oma operatsioonsüsteem ja veebilehitseja või pöörduge vastava IT tehnilise spetsialisti poole.
  • The operating system of your device & your browser are too outdated to be supported by Swedbank Internet Bank. Please, update the operating system & browser or turn to IT specialist for technical help.
  • Ваш браузер или операционная система недостаточно современны для использования в интернет банке Swedbank. Пожалуйста обновите операционную систему и браузер или обратитесь за технической помощью к ИТ специалисту.

You have been logged out from Internet bank

For extra security close the browser window. If you wish to continue using Internet bank, please log in again.