Daniel Slotta
Research expert covering Greater China
Life insurance in Norway - statistics & facts
In Norway, life insurance has the purpose of ensuring a one-time payment to help a family financially in case of an unexpected death or severe disability regarding the insured person. The sum is paid out quickly after the death or disability, and the insured can choose the beneficiary. Not all contracts cover both death and disability, some contracts only cover the death of the insured, which is the most common coverage type.
