Mies ja nainen turvattuna parivakuutuksella

Life insurance

Life insurance helps if the worst happens

Life insurance for you and your spouse

Joint cover is the cheapest way to get insurance for you both.


Benefit from life insurance to owner-customers

We will increase the insurance benefits you chose by 40% without extra charge.


Owner-customer benefits

As an owner-customer, you will get a discount on your policies and also receive OP bonuses.

Take out life insurance already today

Life insurance will help your loved ones over the worst financially if you because of accident or illness. Your next of kin can use the life insurance benefits to pay for the inheritance tax or mortgages, for example. 

As an owner-customer, your will receive a life insurance benefit, meaning that any compensation to your beneficiaries will be increased by 40 per cent. For example, if you have chosen a compensation amount of 100,000, we will pay 140,000. The increase is confirmed annually.

Life insurance is particularly important if
  • you have small children
  • you have a mortgage or other loan or
  • you are responsible for your family’s livelihood.
Henkivakuutuksella voit varmistaa perheesi toimeentulon.

Life insurance that meets your current life situation

You can choose either a fixed or reducing coverage for your life insurance. A fixed insurance compensation is a safe choice regardless of your life situation. This means that the insurance compensation remains the same while the premium increases as you get older.  

A reducing life insurance compensation can nevertheless be a suitable alternative for you if you do not have much loan and your children are already on their own. A reducing insurance compensation becomes smaller annually while the premium remains the same.

Joint cover is a good choice if responsibility for the family’s finances rests with both parents.

Taina Mother of three

What kind of life insurance suits me?

The best life insurance is one that will enable your loved ones to continue life without financial worries. You can calculate an insurance compensation suitable for you by factoring in your family’s loans, annual income and number of children.

We recommend that you choose an insurance compensation that covers at least your loans, your annual gross income and 20,000 euros per dependent child. If you share responsibility for your family’s livelihood with your spouse, joint cover is a more inexpensive alternative than two separate life insurance policies.

                                                Vanhempi ja lapsi laiturilla
Critical illness cover
Available only in Finnish or Swedish.

Life insurance is granted on the basis of the health declaration. A health declaration can be filled in easily online, and it is used to determine whether the policy can be granted. 

A policy may nevertheless be granted even if you are not entirely healthy. The decision is always made on the basis of the health declaration.

It is important that you do not terminate any existing policy until you have received a decision that a new policy has been granted.

The easiest way to give or change beneficiary nomination is to log in op.fi service.  Alternatively, you can submit a new beneficiary nomination by using the form.

Beneficiary clause

Owner-customer benefits

If you are our owner-customer and have policies from three product lines, you are entitled to an almost 10% discount on most policies and a discount of nearly 18% on comprehensive motor vehicle insurance with no-claims bonus. If you are aged between 18 and 27, you can get a 21% discount on almost all home and family insurance policies.

Other benefits

  • A 40% increase in the sum insured under life insurance
  • 200-euro benefit of the deductible under MyHome Insurance
  • one-year, free-of-charge life insurance for parents with a child under one year of age

OP bonuses

Owner-members not only get OP bonuses for home, family and vehicle insurance premiums, but also for

  • loans
  • savings and investments
  • funds in accounts
  • purchases you have paid with OP-Visa credit.

OP bonuses are used for the bank’s service charges and insurance premiums.

Instructions and forms for applying for life insurance compensation.
The insurance is issued by OP Life Assurance Company Ltd.