NewLife life insuranceSecure the new life of your bigger family
Life insurance suitable for parents
Life insurance provides cover when a new addition to the family changes your life. NewLife is life insurance worth 20,000 euros issued for the parents of a child less than 12 months old in the event of a parent’s death. The insurance provides cover for coping with everyday life in case either of the parents perishes, and it can be obtained quickly and easily.
You will receive the first year for 0 euros
We offer NewLife insurance to both parents separately for 12 months for free. After this, the insurance will continue automatically subject to a premium. In addition to NewLife insurance, you can complement your cover by taking out life insurance for yourself and joint cover for you and your spouse.
You will receive 45% increase in the amount of compensation
As an OP cooperative bank owner-customer or Pohjola Insurance prime customer, you will receive a free 45% increase in the amount of insurance compensation on NewLife insurance as an additional benefit. This means that compensation under NewLife insurance is not just 20,000 euros but 29,000 euros. The additional benefit will be confirmed annually.
We use automated decision-making to calculate insurance premiums and check your credit history from Suomen Asiakastieto Oy.
Secure a new daily life with life insurance
A baby changes life radically and makes parents think about life’s priorities in a new way. How can I make sure that the baby remains secure now and in the future? What would the child’s life look like if something happened to me? Life insurance is an investment in the lives of people important for you and especially important when you have family. If you are a parent of a child aged less than 12 months old, you can receive life insurance worth 20,000 euros for free for one year. Compensation from NewLife insurance will be paid regardless of whether the death was caused by illness or an accident.
Cost and validity of NewLife insurance
NewLife insurance will automatically become subject to charge after one free year. The cost of life insurance depends on the amount of benefit selected and the age of the insured person. You will see the normal price of the insurance before confirming its purchase.
Average New Life insurance premium per year when the amount of benefit is 20,000 euros
|Age of the insured person, years||20 – 24||25 – 29||30 – 34||35 – 39||40 – 44||45 – 49|
|Insurance premium €/year||38 €||40 €||42 €||48 €||58 €||78 €|
The prices listed in the table are indicative only
The insurance will continue automatically after the first insurance year and secure life at least until the end of the insurance period during which the insured turns 70.
The parent’s life insurance should cover loans and two years’ worth of gross income. In addition, insurance cover should be raised by 20,000 euros for each child. NewLife insurance is designed for this purpose.
Here’s how you can easily estimate your need for life insurance:
|Amount of life insurance benefit|
|= family’s loans|
|+ parent’s annual gross income|
|+ at least EUR 20,000 per child in your care|
|- voimassa oleva henkivakuutusturva|
|- perheen nykyiset varat|
Perheellä on 100 000 euron asuntolaina ja kummallakin vanhemmalla on 40 000 euron vuositulot. Molemmilla vanhemmilla on 180 000 euron henkivakuutus. Perheeseen syntyy vauva. Tällöin henkivakuutusturvan lisääminen 20 000 eurolla on ajankohtaista. Molemmat vanhemmat voivat siis ottaa NewLife -vakuutuksen ilman terveysselvitystä. Näin he voivat tehdä jokaisen lapsen syntymän jälkeen.
You can take out ordinary life insurance for yourself and joint cover for you and your spouse in addition to NewLife insurance. It is worthwhile taking out additional cover if NewLife insurance’s amount of compensation 20,000 euros is less than your loan and one year’s earnings.