Are you considering life insurance and critical illness insurance?

Calculate the price

OP Life Insurance and OP Critical Illness Insurance – Two insurance policies in one

OP Life Insurance and OP Critical Illness Insurance provide cover for both death and critical illnesses, as well as related procedures. To enjoy comprehensive cover, get both insurance policies at the same time.

As an OP cooperative bank owner-customer or a Pohjola Insurance prime customer, you now get a 25% discount on the price of life insurance when buying online. 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.

Life insurance payout formula: Your share of the loans + your gross income for one year + at least 20,000 euros for each dependent child

Comprehensive cover from an insurance package suitable for you

If you have life insurance, your designated beneficiaries will receive compensation should you die while the policy is in force.

You can also supplement life insurance with critical illness insurance. You will personally receive a lump-sum compensation exempt from tax from the insurance policy if you fall critically ill, or if any of the procedures specified in the terms and conditions is performed on you. Critical illness insurance covers the following common critical illnesses or related procedures:

Certain types of cancer
Benign tumours of the brain or spinal cord
Multiple sclerosis
Stroke
Coronary artery disease bypass operation as open heart surgery
Myocardial infarction
Heart valve surgery
Renal insufficiency
Organ or bone marrow transplant

If you primarily wish to insure yourself against critical illnesses, you can choose the size of life insurance you wish to add to your critical illness insurance. OP Critical Illness Insurance always comes with life insurance, and you can choose a compensation amount between 1,000 and 300,000 euros.

You can have two or more life insurance policies at the same time. When getting a new policy, it’s worth checking your valid insurance cover and supplementing it with new policies to match your life situation.

Why would I get two insurance policies at the same time?

When you get both life insurance and critical illness insurance, you provide financial security for yourself and your family and friends in case of unpleasant surprises.

Both insurance policies require you to complete a health declaration. When you get life insurance and critical illness insurance at the same time, you only need to complete the health declaration once.

Life insurance and critical illness insurance premiums earn you OP bonuses. OP bonuses are credited each month and are used to pay for your banking and insurance services.

Tips if you are considering an insurance policy

Choosing the amount of compensation

When taking out insurance, consider what sums would help you continue your day-to-day life or your family and friends to continue theirs should you fall seriously ill and lose income, or should you die. It is a good idea to choose a sum at least equal to your annual gross income as the insurance payout for critical illness. You can use the following formula to calculate your life insurance payout: your gross income for one year + your share of the loans + at least 20,000 euros for each dependent child.

Filling in a health declaration

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.

Instructions for completing the health declaration

Making changes to your insurance

You can make changes to your insurance if your life situation changes. For example, you can change the amount of the insurance payout if you pay off your home loan while the insurance is in force. If you have designated your spouse as your beneficiary, and your relationship ends, you may wish to make changes to the beneficiary clause.

How to make changes

Product guide and terms and conditions