Life insurance
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Benefit for OP cooperative bank owner-customers and Pohjola Insurance prime customers
As an OP cooperative bank owner-customer or a Pohjola Insurance prime customer, you get a 45% increase in the amount of insurance free of charge. For example, compensation of EUR 100,000 will be EUR 145,000 after the increase.
The best time to take out life insurance is now
You never know what’s waiting around the corner, which is why being prepared will help you be at peace. The amount of compensation paid under life insurance will ease the financial burdens of your loved ones if you die.
Take out individual or joint cover easily online
Use the above calculator to determine the price of life insurance for you and take out an insurance policy easily online. You can take out life insurance for yourself or take out joint cover, which is a joint life insurance for two persons.
You choose your beneficiary
In the event of your death, the amount of life insurance compensation you have selected will be paid to the beneficiary you have specified. You can change the beneficiary whenever you want and as often as you like.
What is life insurance?
Life insurance is security for the future and particularly important when you have a family. If you have life insurance and you die, compensation under life insurance will be paid to your beneficiaries of choice. In most cases, the beneficiary is next of kin, for example, your spouse or child. However, the beneficiary can be anyone whose financial wellbeing is close to your heart. Life insurance covers death resulting from illness or an accident.
An insurance payout will help them manage financially in difficult times. Your loved ones can spend the life insurance payout as they wish, for example, by paying back loans and inheritance tax.
What are the differences between single cover and joint cover?
As the name implies, joint cover is a life insurance policy for two individuals, whereas single cover means life insurance you take out for yourself. Joint cover is ideal when you and your partner share financial responsibility in your household. It is often cheaper than individual life insurance policies.
In the case of joint cover, both insured persons can name their beneficiary. In joint cover, the benefit for life insurance is paid to a beneficiary named by the deceased. If both insured persons die at the same time, the payout is split between their beneficiaries.
Learn more about how to choose beneficiaries >
You can take out single cover or joint cover if you are up to 65 years old. Both policy types require filling in a health declaration and end when the insured person turns 70 or dies.
Choose the life insurance policy that best suits your circumstances according to your family’s size, income and loans.
Examples of the life insurance prices

Venla, 29
Life Assurance
Venla has a 3-year-old daughter, whose future she wishes to secure with life insurance. Because Venla is an OP cooperative bank owner-customer, she automatically receives an increase of 45 per cent in the amount of compensation for a single person’s life insurance of her choice.
Amount of compensation
€100,000
Compensation for owner customer
€145,000
Price example
€16.25 per month
(€195 per year)
Olli, 40 and Tuula, 43
Joint cover
Olli and Tuula have chosen a joint cover. They have a shared home loan and two children, aged 3 and 6. As prime customers of Pohjola Insurance, they automatically receive an increase of 45 per cent in the amount of compensation.
Amount of compensation
€100,000
Compensation for prime customer
€145,000
Price example
€35.75 per month
(€429 per year)
Mia, 28 and Ari, 30
Joint cover
Mia and Ari wish to secure each others’ financial situation through life insurance with joint cover. They have a shared home. As OP cooperative bank owner-customers, they get an increase of 45 per cent in the amount of compensation.
Amount of compensation
€100,000
Compensation for owner customer
€145,000
Price example
€23.42 per month
(€281 per year)
What factors affect the cost of life insurance?
Your life insurance premium depends on the amount of benefit chosen and the age of the insured person. The younger you take out the insurance, the smaller your premium. Your state of health may also affect the price of the insurance policy. You can use our life insurance calculator to determine the sum insured that corresponds to your needs, and how much the insurance product costs. Fill in your date of birth and information on your life situation to view the price of life insurance.
You can get the most inexpensive life insurance if you are a Pohjola Insurance prime customer or an OP cooperative bank owner-customer. In such a case, you will also get a 45% increase in the sum insured on your life insurance free of charge.
The insurance premiums for joint cover are generally lower than the insurance premiums for term life insurance for a single person. Insurance premiums are paid annually in one or several instalments. Life insurance is cheapest when you pay the annual premium in a single instalment. In such a case, you will receive a 2.5% discount on the premium.
Three good reasons to get life insurance
- In the event of your death, your beneficiary (such as your spouse) receives an immediate payout that helps take care of daily expenses. We recommend selecting a payout amount that covers your loans, your annual gross income and 20,000 euros per dependent child.
- Life insurance can bring peace of mind thanks to better financial security. Many people take out life insurance when they have a baby, take out a mortgage or are otherwise financially responsible for a loved one.
- You earn OP bonuses on your life insurance, and as our owner-customer or a Pohjola Insurance prime customer, you get a 45% increase to the payout amount.
What is automated decision-making?
Automated decision-making means that the decision of whether the insurance will be granted is made through our automated system, and our customer care representatives do not participate in the decision-making. The decision we make is based on the information you have provided, our customer data file and our risk selection instructions.
If you or another insured person want to have your automatically issued decision processed by a customer care representative, you may contact our Customer Service.
Read how we process personal data
Contact us about life insurance
If you would like to talk to our specialist about life insurance, you can contact our customer service on 0303 0303 (between 8.00 and 17.00 from Monday to Friday).