Find information about group life insurance

What is Group Life Insurance? 

Group life insurance provides financial protection for you and your family by covering both critical illnesses and death. It ensures peace of mind and security when life takes an unexpected turn.

Do You Need to Fill Out a Health Declaration? 

Yes. When you take out group life insurance for yourself and your family, you must provide information about your health. You can easily answer our health-related questions using the online insurance calculator.

If we need more details after reviewing your declaration, we’ll contact you directly. Once your policy is active, you won’t have to complete any further health declarations.

Which Diseases Entitle You to Compensation?

The insurance policy covers a wide range of critical and terminal illnesses. Please find the list of covered diseases below:

• AIDS
• Amyotrophic lateral sclerosis (ALS)
• Severe disease of the main artery (aorta)
• Blindness (practical)
• Coronary thrombosis (a blood clot in the heart)
• Creutzfeldt-Jakob disease Deafness (total)
• Cardiovascular surgery due to coronary arteriosclerosis (by-pass/PCI)
• HIV Infection (due to blood transfusion or occupational infection)
• Heart valve surgery due to heart valve defects
• Chronic heart failure
• Life-threatening heart rhythm disturbances
• Chronic renal failure
• Primary Idiopathic Parkinson's Disease
• TBE and Lyme disease(inflammation of the brain or meninges
• Severe burn injuries
• Major organ transplants
• Sac-shaped dilation of the brain's artery
• Certain benign tumours of the brain or spinal cord
• A pulmonary embolism (PE)
• Myasthenia Gravis (MG, extreme muscle fatigue) 

Terminal diseases:

• Most cases of cancer
• Coronary thrombosis (a blood clot in the heart)
• Cerebral haemorrhage/blood clot in the brain (stroke) with permanent consequences
• Multiple sclerosis
• Muscular dystrophy
• Parkinson's disease 

When Are You Not Entitled to Compensation?

Your insurance covers many critical illnesses, giving you peace of mind that you're protected. However, there are situations where coverage does not apply:

• Pre-existing conditions: If you were diagnosed with an illness before you took out the insurance policy, it will not be covered.
• Waiting period: The first three months after you start your policy count as a waiting period, so we do not cover any diagnoses made during this time.
• Repeated diagnoses: If you are diagnosed with the same type of illness again, you will not receive compensation. Special rules apply in the case of cancer.

What Amount of Compensation Will You Receive?

Check your payout by age: See details here for both high and low coverage levels.

How Long Does Group Life Insurance Cover You?

You can take out life insurance until the day before your 66th birthday. The policy remains valid until the last day of the month in which you turn 67.

If you end your IDA membership, your coverage will stop at the end of that calendar year.

Where Can You View Your Group Life Insurance?

To see the details of your group life insurance, visit the Nordea Pension website.