Private
- Home
- Private
- Insurance
- Life insurance
- Risk insurance
Risk insurance
Increases the material security of your family
- Replaces lost income
- Enables to cover financial obligations
- Provides broad selection of insurance covers
Risk insurance increases the material security of your family in case of the death of the provider. Risk insurance gives you the opportunity to ensure the well-being of your close ones when you are no longer able to do so yourself.
With risk insurance you take responsibility for the future and well-being of your close ones. Risk insurance is term life insurance, with the agreed sum insured paid out in the event of your death.
It is partculartly important to insure your life when you are a sole or main provider in your family, or when you have people who depend on you. Buying life insurance is also more relevant when people have dangerous jobs or hobbies.
With risk insurance, beneficiareis can spend the sum insured at their discretion. It should compensate insured person’s income for some time, or cover any expenses related to the insured person’s death. If necessary, it can also help cover financial obligations, such as home loan, car leasing, credit cards, consumer loan, etc.
Selection of insurance covers
Risk insurance can include different insurance covers:
- critical illness insurance cover, where the agreed sum insured is paid out to compensate for a decrease in income in case of a serious illness and to cover treatment costs;
- accidental insurance cover offers compensation in case of temporary or permanent disability as a result of an accident;
Good to know!
Life insurance term can be 1 to 30 years and age of the insured person at the end can be up to 70. The insurance premium is valid until the end of the period. The younger a person is upon conclusion, the smaller the insurance premium.
The recommended life inurance sum is 3–5 times the annual net income of the insured. This guarantees that family’s financial situation after an insured event will be more or less the same as before.
Payments for risk insurance contract are made according to an agreed schedule.
Beneficiaries, indicated in the contract, are paid the sum insured in case of an insured event. Appointing a beneficiary enables much quicker claim processing as there is no need to go through the inheritance process before applying for the benefit.
If you wish to amend your life insurance agreement or terminate it prematurely, please call the insurance line at 665 8020 or write to kindlustusleping@seb.ee.
Please read the terms and conditions of risk insurance before you sign the insurance contract.
General terms and conditions
Risk insurance terms and conditions