Payment protection insurance · Norway
Your income can stop.
Your loan won't.
Sick leave, temporary lay-off or involuntary unemployment doesn't pause your repayments. Norsk Inntektsforsikring keeps your loan and credit card payments running for up to 12 months and if you're still out of work after that, we settle what's left.
Supervised by the financial regulator
Insurance Contracts Act terms
14-day cooling-off period
14-day cooling-off period
Kundeservice
Month 3 of 12 · to your lender
Income back
Payments simply stop
My page
Customer support
Claim
Payment protection insurance · Norway
The part NAV doesn't replace
Norway's safety net is strong — and it has a ceiling. Both sickness benefit and unemployment benefit from NAV, the Norwegian Labour and Welfare Administration, are capped at six times the national insurance base amount, and unemployment benefit replaces only part of what you used to earn. Your loan payment doesn't scale down to match.
Your salary
100%
What your budget is built on.
Unemployment benefit from NAV
62.4 %
Of your previous income, capped at six times the national insurance base amount, and only if your earnings over the last 12 months clear the qualifying threshold.
Sickness benefit, self-employed
80 %
From day 17 as standard, unless you've bought additional cover from NAV.
The shortfall lands on fixed costs. Rent, electricity and loan instalments stay the same the month your income drops by a third. Payment protection is aimed squarely at that gap.
Three things worth checking before you buy
We'd rather you bought this with your eyes open. The Norwegian Consumer Council has been vocal about bundled insurance, and they're right to be.
OVERLAP
Check what you already have. Many collective agreements and employer schemes include income cover, and national insurance may be enough on its own for a small balance.
Cost
At 0.4 % of the balance per month, a kr 300 000 loan costs kr 1 200 a month. Weigh that against the odds of a claim and what savings you already hold.
Exclusions
Conditions you already knew about, resignations and fixed-term contracts ending as agreed are not covered. Read section 4 of the conditions before signing.
Before you apply
Can you take this out?
Five questions. Open one, pick the answer that fits, and the panel keeps score as you go. Nothing is stored and nothing is sent.
Cover follows Norwegian residence. You need to be registered in the National Population Register with a Norwegian address on the day the policy starts, and stay resident while it runs.
You can buy the cover from 18 up to and including 63. An existing policy then runs to the upper age limit set out in the conditions, after which it ends automatically and you stop paying.
Employees need permanent work of at least 16 hours a week. Sole traders qualify too, but the unemployment cover works differently for you — hospitalisation cover replaces it, and we set that out in writing before you buy.
Our benefit sits on top of what NAV pays, so membership of folketrygden is a condition. Almost everyone living and working in Norway is a member automatically — you can confirm it on your NAV profile.
Insurance covers what hasn't happened yet. If you're signed off now, or you already hold notice of redundancy, that event is excluded — but you can apply once you're back at work.
Can you take this out?
Five questions. Open one, pick the answer that fits, and the panel keeps score as you go. Nothing is stored and nothing is sent.
Residence in Norway
Age 18–63
Working 16+ hours or self-employed
Member of the National Insurance Scheme
Fit for work today
How the cover works
One mechanic, six events, paid straight to the lender
Cover attaches to an unsecured consumer loan or credit card. Whatever stops your income, the policy behaves the same way: a qualifying period, a monthly payment while you're out, then settlement of whatever is left.
7%
Nothing is paid for the first 30 days. Where you qualify from day 31, those first days are paid back retroactively.
Day 0
You report the event
Online, with your sick note or NAV jobseeker registration attached. No forms posted, no phone queue.
31 days
The qualifying period passes
Nothing is paid for the first 30 days. Where you qualify from day 31, those first days are paid back retroactively.
7 % / mo
We pay your lender directly
The money never touches your account, so the instalment lands on time whatever else is happening in your finances.
12 mo
Then the balance is settled
Back at work sooner and payments simply stop. Still unable to work after twelve payments and the remaining balance is cleared.
Long-term sick leave
Signed off by a doctor for more than 30 days.
31 days · 7 % monthly
Involuntary unemployment
Made redundant through no fault of your own, registered with NAV.
31 days · 7 % monthly
Temporary lay-off
A permittering lasting more than 30 days, while it continues.
31 days · 7 % monthly
Hospitalisation
Self-employed members only. An admission over three days pays from day one.
3 days · 7 % monthly
Critical illness
A defined diagnosis clears the balance outright cancer, stroke, heart attack.
No wait · full balance
Death
The balance is settled in full, so the debt isn't left with your family.
No wait · full balance
Three ways to buy it
Pick the cover that matches your working life
Same mechanic in all three: a percentage of your balance every month you can't work. What changes is which events are included and what you pay for them.
Illness Cover
Sickness, critical illness and death
Complete Income Cover
All six covered events
0.40
of your balance
per month
Long-term sick leave over 30 days
Involuntary unemployment
Temporary lay-off by your employer
Critical illness clears the balance
Death clears the balance
Qualifying
Monthly benefit
After 12 months
Best for
31 days
7 % of balance
Balance cleared
Employees with a loan or card
Self-Employed Cover
Built around the gaps NAV leaves
0.50
of your balance
per month
Sick leave, where NAV pays 80 % from day 17
Hospital stay over three days, paid from day one
Critical illness clears the balance
Death clears the balance
Unemployment cover cannot apply to sole traders
Qualifying
Monthly benefit
Benefit period
Best for
3 days in hospital
7 % of balance
Up to 12 months
Sole traders and freelancers
All three attach to a named loan or credit card, run month to month with no binding period, and can be cancelled at the end of any month. The full list of exclusions sits in section 4 of the policy conditions, which you receive with the IPID product sheet before anything is signed.
From event to settlement
What happens after you claim
The order matters here, so here it is in order. You report online with a medical certificate or NAV confirmation; we do the rest with your lender directly.
04
Month 12
Balance settled
Back at work sooner and payments simply stop. Still unable to work after 12 monthly payments and the remaining balance is cleared.
01
02
03
04
01
Day 0
The event happens
You're signed off, laid off or made redundant. Report it to us online the same week — attach your medical certificate or NAV jobseeker registration.
02
Day 1 – 30
Qualifying period
The first 30 days are the qualifying period. Nothing is paid yet, but the clock is already running and your file is being assessed.
03
Day 30
First payment
7 % of your outstanding balance goes straight to the lender — including the first 30 days retroactively where you qualify from day 31.
While the claim runs, the only thing that changes for the household is that the instalment arrives from us instead of from your salary.
Your rights as a Norwegian consumer
Regulated, documented, reversible
Supervised by the financial regulator
Insurance sold in Norway must come from a licensed, supervised undertaking. Ask any provider for their licence and org. number before you buy.
Supervised by the financial regulator
Insurance sold in Norway must come from a licensed, supervised undertaking. Ask any provider for their licence and org. number before you buy.
Free, independent complaints
Complain to us first. If that doesn't settle it, the Norwegian Financial Services Complaints Board reviews the case at no cost to you.
Documents before you sign
You get the full policy conditions and the standardised IPID product sheet up front, as the Insurance Contracts Act requires.
Never bundled, never a condition
The cover is optional and sold separately. No loan approval depends on it, and commission arrangements are disclosed in writing.
14 days to change your mind
Cancel within 14 days of receiving the documents and any premium is returned in full. After that you can still cancel monthly, with no fee.
Your data stays yours
Health and employment information is processed under GDPR and the Personal Data Act, used only to assess your cover and claim, and never sold.
Straight answers
Questions people actually ask
Three minutes now. Twelve months of cover if it goes wrong.
No health check for most applicants, no binding period, and a full refund if you change your mind inside 14 days.
Payment protection insurance for borrowers in Norway. Cover for your repayments when your income stops.
Sky forsikring AS · Org. no. 918 322 647
© 2026
Straight answers
DOCUMENTS
Contact
Oslo, Norway
Mon–Fri 09:00–16:00