Critical Illness Insurance

Lump-sum compensation in nine different illnesses or procedures
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What is Critical Illness Insurance?

Critical Illness Insurance provides cover in the event of common critical illnesses or procedures in Finland. If you become critically ill and cannot work for a period, for example, the insurance pays out tax-free lump-sum compensation that you can spend on daily expenses, the best treatment, a holiday for recovery or as you see fit.

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Cover for nine types of serious illnesses and procedures

Critical Illness Insurance gives you cover in the event of nine different critical illnesses and procedures such as certain types of cancer. We will pay the insurance payout to you in the form of lump-sum compensation, after which the insurance will expire.

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Always includes life insurance

When you buy critical illness insurance, it always includes life insurance. You can choose the amount of life insurance payout, from 1,000 to 300,000 euros. If you die while the insurance is valid, the life insurance payout is paid to a beneficiary of your choice. Please note that our service language is Finnish or Swedish. Critical illness insurance can currently be purchased online in Finnish and Swedish.

What illnesses are covered by critical illness insurance?

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

  • Certain types of cancer
  • Benign tumours of the brain or spinal cord
  • Multiple sclerosis
  • Stroke 
  • Coronary artery disease bypass operation as open heart surgery
  • Myocardial infarction
  • Heart valve surgery
  • Renal insufficiency 
  • Organ or bone marrow transplant

For the full definitions or insurance events covered by critical illness insurance and exclusions, see the insurance terms and conditions.

Comprehensive critical illness insurance and life insurance in one package

We cannot prevent setbacks in life, but we can prepare for them. With OP Critical Illness Insurance, you get financial support in the event of a setback and have one less thing to worry about. The insurance covers events listed in the terms and conditions in the following situations:

  • In the event of critical illness
  • For procedures related to critical illnesses
  • For your beneficiary in the event of your death

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

When you purchase critical illness insurance, you can select a sum insured between 20,000 and 100,000 euros, depending on your need. The sum insured should cover at least one year's income before taxes.

You can claim compensation after 28 days have passed from the diagnosis or procedure. The insurance payout is tax-free.

The insurance has a 90-day waiting period, which means that we may pay compensation if the illness or procedure listed in the terms and conditions is diagnosed or performed no less than 90 days after the insurance takes effect. We will not charge the insurance premium for the first 90 days. This price reduction is taken into account in the premium for the first year.

The payout does not necessarily need to be used to cover the treatment expenses of the illness or accident, and you can use it as you see fit to pay for the best possible care, purchase the necessary assistive devices, renovate your home to accommodate your illness or disability, or for a vacation to help your recovery.

What does critical illness insurance cost?

The price of critical illness insurance depends on the amount of lump-sum compensation and your age, state of health, health habits, and whether you are a smoker. The amount of life insurance payout you select also affects the total price of the insurance. As an OP cooperative bank owner-customer and a Pohjola Insurance prime customer, you get a 25% discount on the price of life insurance when buying online.  The discount is valid for one year. The additional discount is confirmed annually, and its payout is based on continuity. The size of the benefit may vary, or the benefit may be waived.

About critical illness insurance

 

You can apply for OP Critical Illness Insurance for yourself if you are aged between 18 and 64 and live permanently in Finland.

Critical illness insurance is valid until the end of the insurance period during which you turn 67 years. Life insurance is valid until the end of the insurance period during which you turn 80 years. In other words, critical illness insurance ends before life insurance.

Critical illness insurance includes a 90-day waiting period. This means that we may pay compensation if the illness or procedure listed in the terms and conditions is diagnosed or performed no less than 90 days after the insurance takes effect. We will not charge the insurance premium for the first 90 days. This price reduction is taken into account in the premium for the first year.

When applying for the insurance online, you must fill in a health declaration form asking for basic details about your health. We will need your health information before granting the insurance. If we are able to grant the insurance, the insurance will enter into force on the date the health declaration was filled in. You can fill in the health declaration easily online at op.fi.

The insurance can often be granted, even if you are not fully healthy. The granting decision is always based on the health declaration. Your health information may affect whether insurance is granted or the price of insurance.

It is important that you do not terminate any existing insurance policies until you have received a decision from OP Life Assurance Company on the granting of the new policy. 

Sales of new contracts of OP Critical Illness and Life Cover ended on 23 September 2024

Critical illness insurance: sales of new contracts ended on 21 September 2021.

Kultaturva: sales of new contracts ended on 30 September 2017.

OP Critical Illness Insurance does not affect the validity or content of previously sold insurance policies. You can check the terms and conditions of a policy you have purchased previously from AXA's online service.
 
If you would like to supplement your existing insurance, you can purchase a new OP Critical Illness Insurance policy with the sum insured of your choice. Increasing the sum insured of old policies is not possible. 

You can claim compensation from previously sold policies
in AXA's online service.

For assistance in submitting the loss report and in any other questions, call AXA's insurance and claims service at 010 802 842 or email asiakaspalvelu@partners.axa.

Extra benefit -25%
Life insurance
The insurance is issued by OP Life Assurance Company Ltd, and Pohjola Insurance Ltd acts as its agent.