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OP Critical Illness and Life Cover

Three kinds of cover in one package: critical illness, accidental permanent disability and life insurance.

Comprehensive cover

OP Critical Illness and Life Cover is a critical illness insurance. The insurance covers up to 17 critical illnesses common in Finland.

You will also be compensated for permanent disability caused by an accident.

The insurance also covers accidental permanent disability starting from disability category 8. The disability category is evaluated on a scale of 0 to 20, and permanent disability refers to an impairment of a person’s general functional capacity as the result of an accident.

Life insurance

Life insurance coverage is the same regardless of whether the death was caused by an illness or accident. The insurance also covers the insured person’s loved ones. If the insured person dies, the life insurance benefit is paid to their beneficiaries.

Compensation is paid out as a lump sum.

The insurance pays out compensation as a lump sum that can be used any way you prefer. The lump-sum compensation for critical illness and accidental permanent disability is paid to the insured person and the life insurance benefit to their beneficiaries.

The insurance is valid worldwide and at all times.

The insurance is valid worldwide during and outside work and without sports-related restrictions.

Comprehensive insurance for serious illness, accidental permanent injury insurance, and life insurance in the same package

We cannot prevent setbacks in life, but we can prepare for them. OP Critical Illness and Life Cover provides extra financial support in the event of a setback and means that you have one less thing to worry about. The insurance consists of three parts:

  1. Cover against critical illness
  2. Cover against accidental permanent disability
  3. Life insurance

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The lump-sum compensation helps you and your loved ones survive financially

  • You can choose the amount of compensation suitable for you. The amount can be up to 100,000 euros.
  • Compensation for a critical illness or permanent disability caused by an accident is paid to the insured person. The compensation is not subject to income tax.
  • The life insurance benefit will be paid to the beneficiaries chosen by the policyholder.

Compensation for a critical illness is paid out immediately after the covered illness has been diagnosed. Compensation for a permanent disability caused by an accident may be paid out one year after the accident or earlier if the permanent nature of the disability can be confirmed.

The compensation does not need to be used to pay medical treatment expenses and can be spent on anything you wish. For example, you can use the sum to pay for the best possible care, to purchase the necessary assistive devices, to renovate your home to accommodate your illness or disability, or for taking personal leave to help your recovery.

The life insurance benefit helps your loved ones by providing additional financial security and help with paying inheritance taxes, for example.

It is a common belief that critical illness insurance only covers cancer, but this is not the case. OP Critical Illness and Life Cover covers the following critical illnesses:

  1. Cancer
  2. Myocardial infarction
  3. Coronary artery disease bypass operation
  4. Aortic valve or mitral valve surgery
  5. Percutaneous transluminal coronary angioplasty
  6. Renal insufficiency
  7. Stroke
  8. Organ or bone marrow transplant
  9. Paralysis
  10. MS disease
  11. Major burn
  12. Blindness
  13. Coma
  14. ALS motor neurone disease
  15. Alzheimer’s disease
  16. Parkinson’s disease
  17. Benign brain tumour

Who is eligible for OP Critical Illness and Life Cover?

You can take out the OP Critical Illness and Life Cover policy for yourself if

  • you are aged between 18–64,
  • you are healthy and
  • you have been domiciled in Finland for the past 12 months

Before purchasing the insurance, the customer must fill in a health declaration. The insurance is available for customers of any Finnish bank.

How much does it cost?

The insurance premium is affected by your age and whether you are a smoker and the selected sum insured. The price list is found at the bottom of this page.

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The Pohjola Claim Help service will help you with filing an insurance claim. The service provides you with help for all loss events under Pohjola Insurance and OP Life Assurance.

Critical illness insurance provides cover in the event of critical illness. The sale of new policies ended on 21 September 2021.

Kultaturva insurance provides cover in the event of critical illness. The sale of new policies ended on 30 September 2017.

OP Critical Illness and Life Cover does not affect the validity of insurance policies sold earlier. You can check the terms of your own insurance policies in your policy document.

Claims under the insurance will be paid out to the insured person, with the exception of death benefit that is to be paid to the beneficiaries chosen by the policyholder.

A beneficiary clause is a special clause in the insurance policy that prevails over a last will and testament and marital agreement, for example. This means that the benefit will be paid after the insurance event according to the valid beneficiary clause, irrespective of the policyholder’s/insured person's existing or subsequent last will and testament or marital agreement.

The insurance application shows the beneficiaries. They may be one or more persons.

Form of the beneficiary clause

A beneficiary clause and its cancellation or change must always be filed in writing with AXA. You can cancel or change it by filling in the form.

Indicate a new beneficiary clause in the form in its entirety. This new beneficiary clause invalidates the previous one. Send the changed beneficiary clause by post or fax to AXA. Contact information can be found at the bottom of the form.

OP Critical Illness and Life Cover insurance is granted by Pohjola Insurance Ltd and OP Life Assurance Company Ltd. OP cooperative banks act as the insurance companies’ representatives. AXA handles all customer service related to insurance and claims settlement for loan protection insurance, on behalf of and by authorisation of Pohjola Insurance Ltd and OP Life Assurance Company Ltd.