Loan protection insurance

A family with three children raised a home loan worth 82,000 euros, with its monthly repayment amounting to 564 euros. Four years later, the 36-year old father died in a road accident.

The home loan could then be paid off using the compensation equalling the insured person’s remaining loan amount, which was 69,100 euros.

Have you ever thought of how you could make things run smoothly even if you were faced with a major change in your life?

Fill in the form to assess your financial risks so that you can prepare for expected and unexpected changes as suits you best. You can prepare for financial risks through our Payment Protection Insurance, Critical Illness Insurance, Life Insurance, interest rate hedges and savings.

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.

Our partner AXA manages the insurance and compensation services related to OP’s Loan protection insurance. You can conveniently manage your insurance matters in the AXA Customer Portal (in Finnish and Swedish).

In the AXA Customer Portal, you can:

• check the annual notification, bills or other insurance documents
• change the beneficiaries of your insurance or the due date of a bill
• update contact details
• file a claim
• send secure messages to AXA

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.