Life insurance

When applying for the insurance online, you must fill in a health declaration form asking for basic details about your health. We will need your health information before granting the insurance. If we are able to grant the insurance, the insurance will enter into force on the date the health declaration was filled in. You can fill in the health declaration easily online at op.fi.

The insurance can often be granted, even if you are not fully healthy. The granting decision is always based on the health declaration. Your health information may affect whether insurance is granted or the price of insurance.

It is important that you do not terminate any existing insurance policies until you have received a decision from OP Life Assurance Company on the granting of the new policy. 

The maximum age for taking out life insurance is 64, and the minimum age is 18. Life insurance is valid until the end of the insurance period during which you turn 80.

Critical illness insurance is valid until the end of the insurance period during which you turn 67.

When applying for life insurance, you can specify a beneficiary to whom the benefit will be paid if you die.

The easiest way to add or change a beneficiary clause is by sending a message to our digital services. Alternatively, you can add a beneficiary clause by filling in the Beneficiary clause form by mail.

Life insurance payouts are subject to either inheritance tax or capital gains tax, depending on whether or not the beneficiary is a next of kin.

Compensation in the event of death is paid to the beneficiary under life insurance if the insured person dies during the validity of the insurance.

When you are an OP cooperative bank owner-customer or Pohjola Insurance prime customer, you also get a 25% discount in the price of life insurance when you buy it online. The additional benefit applies to new life insurance contracts. The additional benefit is valid for a year. The benefit is confirmed annually, and its distribution aims for continuity. The size of the benefit may vary, or the benefit may be discontinued. 

You are an OP cooperative bank owner-customer if you have paid the member cooperative contribution. Your owner-customer and Pohjola Insurance benefits are updated for each insurance period.

If you have taken out insurance earlier, or you buy it from our employee channel, your benefit may differ, or your insurance may not have an additional benefit. You can find your valid benefit in the newest policy document. The additional benefit is confirmed annually. 

The information on this page is for OP Life Insurance offered on our digital services. If you have bought life insurance through our digital services before 24 September 2024, or through a Pohjola Insurance expert, the product may differ from what is presented here. You can check the terms and conditions of the insurance you have purchased by logging in to the op.fi service – Insurance policies – My archive or from OP-mobile – Insurance policies – My archive.