Beware of scammers calling and asking for card and Internet Banking details or Smart-ID codes. Keep in mind - confirm with the Smart-ID or PIN calculator only the operations that you’ve initiated yourself (such as logging in to Internet Banking, making payments, registering the mobile app on a new device etc.).

Currently, visits to branches are possible by prior appointment only. Book an appointment

Life insurance

Life insurance. Insurance out of love

With life insurance, you can worry less about your financial matters, as the insurance will help:

  • your family in case of your death;
  • yourself if you become disabled and you are no longer capable to go to work.
  • NEW! In the event of accidental trauma (e.g. bone fractures).

Find suitable life insurance

*

We can recommend life insurance if your age is between 18-69.

*

Life insurance can be recommended if your income is at least 300€.

Your loan obligations

Mortgage in Swedbank? Log in for more detailed calculation.

Life sum insured


Total sum insured
0
Sum insured (life, traumas insurance)
Life sum insured
Mortgage null sum insured
Mortgage null sum insured
Mortgage null sum insured
Disability sum insured
Trauma sum insured
Total first monthly payment
Discount
0%
Total monthly payment
0

The insurance calculation is based on age, income, desire to protect your close ones and cover your loan obligations.

Swedbank Life Insurance SE processes your personal data by automated means, including profiling, to assess insurance risk, calculate premium and sum insured and conclude insurance contract. We process health and other data we receive from you and data we have in existing and previous insurance contracts and applications as well as data shared by “Swedbank” AS, such as age and loan data, if applicable. Contract conclusion may be fully automated. Please read more from our Principles of Processing Personal Data here.

Are you responsible for your family’s monthly utility bills or loan payments? Are you responsible for the expenses concerning your children’s education and hobbies?

Even if you are partially responsible for the family’s expenses, you should consider insuring your life. Insurance will not bring you life back, but will be of great financial help, especially if you don’t have savings.

The life insurance indemnity will be paid out:

  • to your family in the event of your death;
  • to yourself, if you will be declared with no work ability and it’s difficult or impossible for you to earn a living.

If you add trauma cover to your contract, you’ll receive an insurance benefit in case of a trauma, too, so you won’t have to hurry back to work after the accident, and you can focus on curing yourself.

In Swedbank you can conveniently sign the contract on the Internet Bank and do not have to come to the branch.

  • You can also select trauma cover with 4,9 EUR per month, which serves as a financial benefit for you, if you become seriously injured as a result of an accident (e.g. bone fractures). Trauma insurance amount is 20 000 EUR.
  • We also pay the insurance benefit for disablity or losing life due to illness. According to our statistics for people in working age: 80% of deaths were related to serious diseases.* Other cases were mostly caused by various accidents.
  • You can choose the life insurance amount yourself (please see how to choose the life insurance amount). For concluding the contract we might ask you to complete additional health examination, this is free of charge for you and you can also get an overview of your health condition. Positive results will give you peace of mind. If you should learn about any symptoms of a disease during the examination, you will get valuable information for improving your health.

*Based on 2019 year statistics.

With trauma cover you will receive a benefit according to the severity of the injury (e.g. in case of bone fracture).

  • It’s good to know that illness is not considered trauma, so you will not be indemnified in case of e.g. flu, pneumonia or chronic pain (back or knee pain).

In case of disability cover the benefit is paid directly to you.

  • Disability is a health disorder caused by illness or accident, resulting in limited ability to work and earn a living.

In case of losing life the insurance amount will be paid out to the person determined by you.

  • Inheritance process may take several months, therefore we recommend to select beneficiaries, to whom life insurance indemnity will be paid out within 30 days. It’s easier for your family to pay daily expenses, when you are unable to support them.

Insuring your life is simple and you can easily sign an agreement on the Internet Bank.

  1. Start with a calculator and calculate the sum insured that suits you.
  2. Click „Continue“ to apply.
  3. Life insurance death and no work ability covers will take effect when the policy is issued. Trauma cover starts from the next day.
  4. If the life insurance is tied to a Swedbank loan, all covers will take effect from the next working day after the policy is issued, but not earlier than the day, when loan or part of it has been paid out.
  5. We may ask you for an additional risk assessment and a health examination. The health examination is free of charge for you and you can also get an overview of your health condition.
  6. Tell your family about your life insurance contract.

In Swedbank you can choose the amount of life insurance as you need. Upon choosing the amount, it is important to make sure that it meets the needs of you and your family.

Life insurance minimum amount is 15 000 EUR.
Trauma cover costs you 4.90 EUR per month.

Our recommendation is to insure your life for an amount that would cover:

  • The home loan to ensure that your family could keep your home;
  • An income of at least two years in a manner that it would also cover daily expenses (utilities, children’s hobby school bills, etc.);
  • Other loan liabilities, if any (small-loan, leasing).

Payments

Insurance cover Monthly payment
Life and disability insurance Depends on your age, state of health, sum insured and other risk factors.
Trauma insurance (selectable) 4.90 EUR
Service
Contract conclusion Free of charge
Contract amendment Free of charge
Early termination of the contract Free of charge

Effective from 10.09.2020

Conditions

Calculator

Life insurance to cover loan

In case of an insurance claim, fill in the application via Internet Banking or contact us by phone on 67 444 449 for information and further guidance.

Please be informed that:

  • In the case of death of the insured person, the insurance benefit will be paid to the person designated in the contract or inheritor.
  • In the event of a trauma the insurance benefit will be paid to you directly.
  • In case of inability for work (disability) the insurance benefit will be paid to you directly or to the beneficiary designated in the contract.
  • In the case of trauma protection, the person will be compensated for injuries (e.g. broken bones, tears) that have been caused by accidents (e.g. a fall, being hit, collision, attack). Trauma is not an illness (e.g. influenza, spondylosis), muscle pain caused by exercise or chronic pain (e.g. back pain, knee pain or shoulder pain).
  • Inability to work (disability) is loss of working capacity of 80% or more (disability group I), caused by long-term serious illness or injury, determined by the (local institution name) and issued for at least 12 months.
  • Insurer makes the decision and insurance indemnity is paid no later than within 30 calendar days from the date when all information and documents concerning the event is received.

Home is where the heart is and where you meet your loved ones. Make sure your home is covered with proper home insurance.

The current demographic situation suggests that we have to reckon with the fact that our future pension could be even only half of what we earn today in salary. Take care of living after retirement already now!

Insurance that helps you with loan repayments in case of losing your job or capacity for work.

Contacts

Insurance claims handling

In the case of an insured event, please notify us at the earliest opportunity. Life insurance services are provided by Swedbank Life Insurance SE, which is represented in the Republic of Latvia by Swedbank Life Insurance SE Latvian branch and the insurance intermediary service is provided by the insurance agent Swedbank AS.