Compare Life Insurance in Norway

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15 live offers compared from 10 providers, from kr79 /måned. Updated daily.

What is life insurance in Norway?

Life insurance (livsforsikring) pays a lump sum to your family or dependants if you die, helping cover the mortgage, everyday costs and children's future. Related products include disability cover (uføreforsikring), which pays if illness or injury stops you working, and critical-illness cover. Many Norwegians hold some death cover through their employer or union, and top it up with an individual policy sized to their family's needs.

How the Norwegian market works

Life cover comes in two main forms: term-style death cover (dødsfallsforsikring) that pays a chosen sum if you die within the policy period, and disability cover that protects your income. The state folketrygd provides a basic safety net for survivors and the disabled, but it rarely maintains a family's living standard, which is why private cover matters. Policies are sold by life insurers and often bundled or discounted through banks, unions and membership groups. Premiums depend on the sum insured, your age, health and whether you smoke.

Benefits

Family security — A lump sum helps survivors keep the home and cover living costs.

Income protection — Disability cover replaces lost earnings if you cannot work.

Affordable term cover — Pure death cover is inexpensive for the protection it provides.

Group discounts — Union and membership schemes often offer favourable rates.

How to choose

Size the death benefit to clear the mortgage and support your family for a realistic period, then check what you already have through work and unions to avoid over-insuring. Decide whether you also need disability cover, which for many households matters as much as death cover. Compare premiums for the same sum insured across insurers, read the health questions and exclusions, and confirm the term matches the years your dependants need protection.

Leading providers in Norway

Storebrand is a major life and pension insurer. Gjensidige, If, Frende, KLP, SpareBank 1 and Fremtind all offer life and disability cover, frequently bundled with other insurance or through banks and unions. Protector operates more in the commercial space. Comparing individual quotes against any group cover you already hold is the key step.

What it costs

Monthly premiums for term life cover commonly range from around 79 NOK for modest cover on a young, healthy non-smoker up to about 250 NOK or more for higher sums or older applicants. Price rises with age, the sum insured, smoking and health factors. Disability cover is priced separately. Group schemes through employers and unions can be notably cheaper than an individual policy for the same benefit.

Protections and regulation

Life insurers are authorised and supervised by Finanstilsynet under Norwegian and EU rules. Policies must follow Norwegian insurance-contract law, with clear terms on health disclosure, exclusions and payout conditions. The state folketrygd provides baseline survivor and disability benefits. Claim disputes can be brought to Finansklagenemnda.

Common questions

Do I already have cover through work? Many Norwegians hold group death and disability cover via employer or union; check before buying an individual policy.

What is the difference between life and disability cover? Life cover pays on death; disability (uføre) cover pays if illness or injury stops you working.

Does smoking affect the price? Yes, smokers pay higher premiums, and health disclosures affect both price and cover.

Life Insurance in Norway — FAQ