Insurer profile
Nordea Life Assurance Finland Ltd / Nordea Insurance Finland Ltd
Nordea Life Assurance Finland Ltd / Nordea Insurance Finland Ltd · Finland
Overview
Nordea Life Assurance Finland Ltd and Nordea Insurance Finland Ltd are Finnish insurance companies and part of the Nordea Group, the largest financial services group in the Nordic region. They offer personal insurance products including life, critical illness, disability, health, pension and investment insurance, distributed through Nordea Bank Abp as agent, with additional non-life products (home, travel, motor, pet) offered in partnership with If.
Source9
Products in this market
2
Offer pages
Company details
- Parent group
- Nordea Bank Abp
- Regulator
- Finnish Financial Supervisory Authority (FIN-FSA)
- Phone
- +358 200 22320
- [email protected]
Products from Nordea Life Assurance Finland Ltd / Nordea Insurance Finland Ltd
Health4
Nordea MyLife Critical Illness Cover
Pays a tax-exempt lump sum upon diagnosis of one of ten serious illnesses or medical procedures, including cancer, MS, heart attack, stroke, and major organ transplant.
Nordea MyLife Permanent Disability Cover
Pays a tax-exempt one-off compensation for permanent loss of working capacity caused by an accident, with no health declaration required.
Nordea MyLife Cover for Death or Permanent Disability Caused by an Accident
Pays a lump sum if the insured dies or suffers permanent disability as a result of an accident; no health declaration required.
Nordea MyLife Health Insurance (Terveysturva)
Provides quick access to private healthcare and covers examination and treatment costs caused by illness or accident, provided the illness/accident occurred and treatment was given in Finland.
Life3
Nordea MyLife Life Insurance (Death Cover)
Life insurance that pays a lump-sum benefit to a named beneficiary upon the insured's death due to illness or accident, valid until age 80.
Nordea Visio Savings Life Insurance
A flexible unit-linked savings life insurance designed for long-term wealth accumulation and estate planning, with a beneficiary designation and tax-deferred investment switching.
Nordea Pension Insurance (Voluntary)
A voluntary pension insurance for long-term retirement savings, with unit-linked investment options.
Regulatory updates
Nordea Henkivakuutus Suomi Oy and Nordea Vakuutus Suomi Oy are supervised by Finanssivalvonta (the Finnish FSA), as confirmed on the companies' own product pages. In 2024, Nordea Vakuutus Suomi Oy began selling health insurance (terveysturva), and Finanssivalvonta confirmed updated equalisation reserve calculation bases. More broadly for the Nordea group in Finland, the European Central Bank imposed a €2.26 million administrative penalty on Nordea Finance Finland Ltd (Nordea Rahoitus Suomi Oy) in March 2026 after the bank incorrectly reported its largest exposures for 13 consecutive quarters between 2021 and 2024, breaching the EU large-exposures limit; the ECB classified the breaches as severe, citing serious negligence and internal-control deficiencies. This follows earlier 2025 findings by Finanssivalvonta on shortcomings in Nordea's sanctions-related data collection concerning Russia. Nordea Bank Abp remains directly supervised by the European Central Bank as a Significant Institution, with Finanssivalvonta retaining direct responsibility for insurance-specific supervision of the Nordea insurance entities.
Reputation and reviews
Offer pages
Motor third-party liability
motor third-party liability insurance from If for the Finland market, with online purchase and 24/7 assistance.
Last verified May 18, 2026
Travel insurance
travel insurance from If for the Finland market, with online purchase and 24/7 assistance.
Last verified May 18, 2026