OP Critical Illness and Life Cover

Price list (pdf)
Product description (pdf)
Insurance Product Information Document (pdf)
Terms and conditions (pdf)

You can file a claim in

For assistance on filling in the form and in any other questions, call AXA's insurance and claims service (Mon–Thu 9.00–17.00 and Fri 10.00-17.00). Email:

asiakaspalvelu@partners.axa

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.

Which medications no obstacle to receiving the cover?

Asthma – asthma medication that is taken as needed is no obstacle to taking out the cover. Regular, year-round asthma medication is an obstacle.

Allergies – allergy medication that is taken as needed is not an obstacle to taking out the cover. Regular, year-round allergy medication is an obstacle.

Migraine is not an obstacle if it was diagnosed over 12 months ago. Prophylactic migraine medication or migraine medication taken during an attack no longer prevent taking out the cover.

Hypothyroidism is not an obstacle to taking out the cover if the medication’s dosage has remained the same for the past 12 months. Hyperthyroidism is an obstacle.

Hormone treatment is not an obstacle if it has been prescribed for menopausal symptoms or as treatment of infertility.

Contraceptive pills do not prevent you from receiving the cover, unless they have been prescribed as a treatment that requires follow-up. Contraceptive pills prescribed as birth control do not prevent you from receiving the cover.

Can a prolonged flu prevent me from being granted OP Critical Illness and Life Cover?

We will not grant the cover if you have had any sick leave with an uninterrupted duration of over two weeks within the past 12 months.

Short-term and temporary disorders, such as common cold, stomach pain or other short-term disorders are not an obstacle to receiving the cover. The cover cannot be granted while you are on sick leave. You can apply for the cover after the sick leave or control period ends, as long as the duration of the sick leave was at most 14 days.

Will the coronavirus prevent me from being granted the cover?

Contracting the coronavirus is not an obstacle. If your corona infection caused you permanent symptoms or symptoms that require follow-up or your sick leave lasted longer that 14 days, you can apply for the cover 12 months after the symptoms, control period or sick leave has ended.

What if I fall ill at the start of the insurance period?

In the event of cancer, the insurer pays out compensation only when the malignancy is diagnosed after six (6) months of the date of inception of the insurance contract at the earliest. The policyholder accepts this term in the insurance application.

Can I take out the cover if I already have similar insurance product that is currently valid?

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.

If you have a previous Critical illness insurance or Kultaturva insurance policy, you can still take out OP Critical Illness and Life Cover. Critical illness insurance cannot be expanded, but Kultaturva’s sum insured can be changed. However, the combined amount of compensation for your old and new insurance policies cannot exceed EUR 100,000.

Can the sum insured be changed later?

You can increase or decrease the sum insured without charges, if you wish. The sum can be increased using the new insurance application, which requires a new health declaration. The sum can be decreased by written request, and no new health declaration is required.

You can set the amount of compensation in OP Critical Illness and Life Cover at up to 100,000 euros.

Why was I charged multiple fees during the first debit?

We charge the insurance premium monthly. The charges of the first insurance period include the insurance premium for at least two months, depending on the insurance’s start date and your chosen due date. You can select your own due date and change it without fees, if you wish.

Can I authorize another person to handle my insurance matters?

With a power of attorney, you can authorize another person to handle your insurance and/or compensation matters. For the time being, it is not possible to buy this insurance for another person in the self-service channel.

Can I terminate the insurance?

The insurance is voluntary and you can terminate it at any time.

How is the life insurance of the beneficiary taxed?

The taxation of life insurance benefit depends on the relation of the beneficiary with the insured person, i.e. the decedent.

• The insurance benefit for the next of kin of the insured is subject to inheritance tax. According to the Income Tax Act, the spouse of the policyholder or their child, heirs in direct ascending or descending line, adopted child, or foster child are considered next of kin.
• The amount of benefit received by those who are not next of kin is taxed as capital income. Such beneficiaries include the other relatives of the insured person, as well as beneficiaries specified by name.

For any questions regarding the taxation of life insurance, you can contact the tax office.

Questions about the health declaration?

If you need assistance for filling in the health declaration, you can book an appointment with our highly skilled professionals, who will help you with your issue.

Leave us your contact details and we will contact you.

Changes, filing a claim and terminating insurance

If you want to discuss change or claim matters, contact your local OP cooperative bank or the AXA customer service. The claim application can be filed directly on AXA’s customer portal.