Life insurance cover for Nokia Finland's employees

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Life insurance cover for Nokia Finland's employees

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Your employer has made an excellent decision to offer you life insurance cover granted by Mandatum. Your insurance is valid immediately. Learn about what your insurance covers here.

If you wish, you can take out additional cover on your life insurance at a 30% discount negotiated by your employer (see section 5 below).

Valuable security for your loved ones

The life insurance benefit helps you with arranging, for example, debt, collaterals and daily life. It does not reduce any statutory compensation that may be paid to your family. Learn about what your insurance covers here.

Benefit amount

The amount of the life insurance benefit is the same as your annual base pay and in maximum EUR 70,000. In the insurance’s first year of validity, the amount of the life insurance benefit will be based on the situation as per 1 June. Thereafter, the life insurance benefit will always be based on the January situation info supplied by the employer. The benefit is paid to the next of kin or to other designated beneficiaries as a lump sum.

Validity

The insurance covers death caused by an illness or accident and is valid 24/7 anywhere in the world. The insurance is valid for as long as your employment continues.

Beneficiaries

The beneficiaries are your next of kin. You can change the beneficiary by logging in to the Web Service www.mandatumlife.fi and sending a message about the beneficiary. In your message, be sure to mention that the change in beneficiary concerns “Nokia’s Group Optimi insurance”. 

Option to raise the benefit amount at a discounted price

If you wish, you can take out additional individual life insurance cover at a 30% discount negotiated by your employer. The individual life insurance cover requires a health declaration given by the insured. The requirement for the discount is that there is no need to use increased premiums based on the health status of the insured. Leave us your details and we will contact you >>

Entitlement to continued insurance

The insurance is valid for as long as your employment at Nokia continues, and when your employment ends, you have the option of continuing the life insurance cover by taking out an insurance policy yourself, without the need for a health declaration.

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As Mandatum’s customer, you are also entitled to the valuable MandatumPlus benefits. You can take a look at the MandatumPlus benefits currently in force through the link below. You can also view the benefits once you log in to the Web Service. By accepting marketing permission in the Web Service you are sure to be the first to receive information about new MandatumPlus benefits.

Learn more about the benefits

Beneficiary of life insurance benefit

Next of kin

Based on the beneficiary clause “Next of kin”, half of the life insurance compensation is paid to the spouse and the other half is divided equally between the direct heirs. The direct heirs are the insured’s children.

  • If a direct heir has died, his/her children will become the beneficiary in his/her stead based on the Code of Inheritance.
  • If the insured does not have a spouse at the time of an insurance event, the entire compensation is paid to the direct heirs.
  • Compensation is, similarly, paid in its entirety to the spouse if the direct heirs or their descendants are no longer living.
  • Other descendants can receive compensation only if the insured does not have a spouse or any direct heirs.
  • A common-law spouse is not considered a spouse.
  • If you wish to change the beneficiary, log in to the Web Service www.mandatumlife.fi and send a message about the beneficiary. In your message, be sure to mention that the change in beneficiary concerns “Nokia’s Group Optimi insurance”.

Contact us

  1. Enter your contact details here

    In the additional information field, you can include, for example, the best time to call you.

  2. We will map out your needs

    We will review your situation and chart your needs.

  3. We will agree on the next steps

    After discussing matters with you, we will be able to offer services to suit your situation.