Innovations

Adaptive Approach

Our products are built with the idea to adapt and evolve with clients' needs over a lifetime. We aim to become the single-entry point for a client’s financial needs in connection with insurance – replacing the need for repeated conclusions of various financial and insurance products.

Founded to change the way people use insurance products, we have brought dozens of innovations to the marketplace. These fall into five key areas which enhance client satisfaction: 

While the overall structure of our products is universal across the European market, they are fine-tuned following the local requirements of each country and some products are only available in certain markets. You can find detailed information related to specific innovations in General Terms and Conditions or other pre-contractual documents of each offered product.

Long-term Investing

Investment Options

Clients can build and protect their wealth with NOVIS' unique insurance products. From the inception of NOVIS in 2013, we strive to offer to policyholders via internally managed insurance funds the broadest risk diversification one can find in the retail financial products in Europe.

Since 2019 we have also included an investment option that promotes sustainability and impacts investing. This new investment option is available for all our clients including policyholders who concluded an insurance contract in previous years.  

At the beginning of the contract, each policyholder determines the combination of insurance funds that will be used in the insurance contract and that must correspond to their investment profile. Changes in the allocation of the insurance funds can be made on a monthly basis with no extra cost. A suitability assessment is performed by insurance distributors.

Investment is only a part of combined investment & insurance products and the availability of respective funds may differ among offered products.

How it works

One contract with lots of flexibility

A single contract of our combined investment & insurance products can cover an unlimited number of insured persons, including family members as well as unrelated persons. Our combined investment & insurance products are designed to be adaptable and changeable as clients' lives evolve. 


With a traditional approach to insurance products, clients would have been required to enter new insurance contracts with additional acquisition costs whenever their needs and demands change significantly.  

We have eliminated many of the outdated rules around premium payments and have given clients more choices on when and how much to pay for their combined investment & insurance product. The only remaining requirement is to pay the total agreed premium cumulatively and not necessarily in each period. Acquisition costs apply only to the agreed premium and not to higher or extra payments. 

Value of Insurance account - Invested capital

Our products are designed in such a way that all financial aspects are captured as an entry in a simple account system. A specific routine is automatically repeated in the insurance system on a monthly basis. In the case of combined insurance & investment product, on the positive side is the opening balance, a new premium paid, and a monthly investment return (which can be positive or negative and it depends on the performance of chosen insurance funds). On the negative side are the deductions for the insurance coverage and costs of the product. These deductions are transparently stated on the last page of the General Terms and Conditions. The result is a closing balance for the current month, and this is identical to the opening balance for the next month.

This continuous account system is designed for an unlimited period.

Access to Liquidity and heritance transfer

It is possible to withdraw a part of the invested capital (partial surrender) according to rules specified in General Terms and Conditions without having to terminate the contract which would lead to losing the insurance coverage. It is up to the client whether he/she wants to use the invested capital or a part of it. Any partial surrender lowers the balance of the insurance account and negatively impacts future yields.

Changes to Insurance Coverage

The client may at any time add new insured persons or remove existing ones, while each insured person has its own set of covered risks. The sums insured for the covered risks may be changed as well. Potential changes may be limited on certain markets or products but any change which is allowed is done without any additional administrative fees, however, these changes may require an increase of agreed premium. 

Life Situations

Our products are designed either to adapt and change with our client's needs over a lifetime or they are designed tailor-made for a specific need. This allows offering a solution to a wide scope of clients - whether they are just starting to build wealth for their future or already have a family they want to ensure and protect. We are focused on serving clients over the long term, therefore many of our products allow adding insurance coverages or additional insured persons as client's situations evolve.

Building a Future

Using our combined investment & insurance products (also known as unit-linked products or insurance-based investment products) younger clients looking to invest early in order to have more to spend later benefit from the diverse range of investment options to help grow their wealth. Another advantage is lower insurance premiums - particularly if their lifestyle is healthy.

Protecting a Family

Clients with families can have peace of mind knowing that loved ones will be financially covered in the event of death. One contract can serve the entire family without the requirement for marriage or biological relation, and insurance coverage is based on the individual’s most suitable risks. Children can even be insured from birth and are eligible to be a policyholder. Using our combined investment & insurance products, planning for a child's expenses, including scholarship and dowry, is made possible through partial surrender.

Securing a Mortgage Loan

Life insurance helps cover the client's debts in the event of death and provides collateral when securing the loan. Clients have the option to select a fixed insurance amount or ask to apply a gradually declining one as the loan is repaid resulting in lower risk coverage fees over time.

Covering Small Business Obligations

Using our combined investment & insurance products (also known as unit-linked products or insurance-based investment products) entrepreneurs can rely on the accumulated value in their account to help get them through the tough times and pay both business and personal expenses. Death insurance can be decided by clients on the appropriate scope of coverage to ensure their families are not overburdened by business-related obligations.

Products

Our solution is designed to meet clients’ insurance and investment needs while at the same time utilizing tax and/or social benefit incentives granted by local governments and complying with market-specific regulations.

Combined Investment & Insurance

Insurance products combined with investments (unit-linked insurance or insurance-based investment products – IBIPs) offer a simple but effective solution for clients who look for a universal solution for their protection and building wealth for the future. 

Our products feature many significant innovations. One life insurance contract for the whole life and the whole family. Using of internal (insurance) funds, which offer a variety of options for investment – relatively stable performance thanks to investing into corporate and government bonds and/or high performance due to investments into stocks traded on major stock exchanges worldwide and/or also sustainable and impact investing. Flexibility in paying the premium and changes of the contract without processing fees thanks to the unique construction of Insurance Account.  

NOVIS Responsible Life

In addition to the general features of our products, it includes supplementary insurance coverage, including critical illnesses and operations, accidents, disability, and waiver of premium insurance. It also includes a NOVIS Loyalty bonus:

  • Contracts for an indefinite period: 3000 EUR
  • Contracts for a fixed term, min 20 and max 29 years: 1000 EUR
  • Contracts for a fixed term, min 30 and max 39 years: 2000 EUR
  • Contracts for a fixed term, min 40 years: 3000 EUR

Slovakia

Available Versions

Available From

GTC - 10200926

01.09.2020

Previous Versions

Effective From-Till

GTC - 10191122

04.11.2019 - 31.12.2019

GTC - 10200324

25.03.2020 - 30.09.2020

NOVIS Best Value

In addition to the general features of our products, it includes supplementary insurance coverage, including critical illnesses and operations, accidents, disability, and waiver of premium insurance. It also includes a NOVIS Loyalty bonus:

  • Contracts for an indefinite period: 3000 EUR
  • Contracts for a fixed term, min 20 and max 29 years: 1000 EUR
  • Contracts for a fixed term, min 30 and max 39 years: 2000 EUR
  • Contracts for a fixed term, min 40 years: 3000 EUR

Slovakia

Available Versions

Available From

GTC - 10200927

01.09.2020

Previous Versions

Effective From-Till

GTC - 10191123

04.11.2019 - 31.12.2019

GTC - 10200325

25.03.2020 - 30.09.2020

NOVIS Life Savings Plan

In addition to the general features of our products, it includes supplementary insurance coverage, including critical illnesses insurance and permanent disability insurance. It includes also a NOVIS Loyalty bonus of 6.000 Eur for every policy based on the product version.

Iceland

Available Versions

Available From

GTC - 17210809

02.08.2021

Previous Versions

Effective From-Till

GTC - 17191207

02.12.2019 - 31.07.2021

GTC - 17191006

08.10.2019 - 31.01.2020

NOVIS Flexible Savings Plan

Tailor-made for clients over 50 years old. Among other features includes also NOVIS Loyalty Bonus 2.000 EUR.

Iceland

Available Versions

Available From

GTC - 17210810

02.08.2021

Previous Versions

Effective From-Till

GTC - 17200508

02.06.2020 - 31.07.2021

NOVIS Infinity Life

Includes also NOVIS Loyalty bonus which is a minimum of 4500 EUR for every policy or which is based on agreed premium - depending on product version.

Italy

Available Versions

Available From

GTC - 60210817

02.08.2021

Previous Versions

Effective From-Till

GTC - 60191108

04.11.2019 - 31.05.2020

GTC - 60200510

12.05.2020

NOVIS Infinity Life Gold

Tailor-made for clients over 50 years old. Among other features includes also NOVIS Loyalty Bonus based on the agreed premium minimum of 4500 EUR depends on the product conditions. 

Italy

Available Versions

Available From

GTC - 60210818

02.08.2021

Previous Versions

Effective From-Till

GTC - 60200511

12.05.2020

NOVIS Flexible Life

Created with a cost structure designed to suit both clients up to 49 years old and clients over 50 years old. Includes NOVIS Loyalty Bonus up to 6.000 EUR.

Germany

Available Versions

Available From

AVB - 40210312

10.03.2021

NOVIS Flexible Insurance

Austria

Available Versions

Available From

AVB - 50210606

18.06.2021

NOVIS Gemini Life

Available Versions

Available From

GTC - 60210715

30.07.2021

Pure Risk Coverage Product

We have created products focusing on potential life and health-related risks with the same emphasis on innovation that we apply to all of the business.

NOVIS Bezpečný život

Slovakia

Available Versions

Available From

GTC - 10210128

21.01.2021

Tapaturman ja Vakavan Sairauden Turva

Finland

Available Versions

Available From

GTC - 80200905

25.09.2020

Aasa Credit Insurance

Term life policy used to secure loans.

Sweden

Available Versions

Available From

GTC - 14171101

01.11.2017

Finland

Available Versions

Available From

GTC - 80171102

01.11.2017

Previous Versions

Effective From-Till

GTC - 80161101

23.11.2016 - N/A

Aasa Accidental Permanent Consequences greater than 50% and Critical Illness Protection

Finland

Available Versions

Available From

GTC - 80171103

01.11.2017

Aasa Accidental Permanent and Partial Disability and Critical Illness Protection

Finland

Available Versions

Available From

GTC - 80180204

22.02.2018

NOVIS Safety Life

Clients have the flexibility to choose either a fixed premium that is unchanged during the duration of the whole contract or one with an increasing premium.

Italy

Available Versions

Available From

GTC - 60190506

10.05.2019

NOVIS Safety Life Plus

Italy

Available Versions

Available From

GTC - 60210714

20.07.2021

Previous Versions

Effective From-Till

GTC - 60210413

12.04.2021 - 31.07.2021

NOVIS Best Protection

Slovakia

Available Versions

Available From

GTC-10210629

15.07.2021

NOVIS Life Protector

Iceland

Available Versions

Available From

GTC-17210811

03.09.2021

Italian Tax Supported Investment Plan

We offer an insurance product for Italian residents compatible with so-called Individual Savings Plan regulation (Piani Individuali di Risparmio or PIR) so they can fully utilize foreseen tax benefits. The main feature of the product is an internal (insurance) fund tailor-made to be compliant with respective regulation and thus investing mainly into Italian based companies while favoring small and medium sized companies.

NOVIS PIR Insurance

A product which is tailor-made to comply with Italian PIR regulation.

Italy

Available Versions

Available From

GTC - 60210816

02.08.2021

Previous Versions

Effective From-Till

GTC - 60190907

02.09.2019 - 15.10.2020

GTC - 60200912

18.09.2020-02.08.2021

Portfolio Products

Our existing clients in individual countries have concluded the contracts of the following products. Our ongoing aim is to provide the best potential solutions to clients during the whole life of the contractual relationships.

Please note: The following products are only used by NOVIS existing clients and are not available for new clients anymore. 

Slovakia

NOVIS Univerzálne poistenie pre zdravý a dlhý život

Previous Versions

Effective From-Till

NUP 1113

15.11.2013 - N/A

NUP 0214

15.02.2014 - N/A

SKUP 1114

01.11.2014 - N/A

GTC - 10150108

15.01.2015 - N/A

GTC - 10150310

15.02.2015 - N/A

GTC - 10160112

01.01.2016 - N/A

NOVIS Wealth Insuring

Previous Versions

Effective From-Till

GTC - 10160814

01.08.2016 - N/A

GTC - 10170415

01.04.2017 - 31.12.2018

GTC - 10171017

01.10.2017 - 31.12.2018

GTC - 10180618

01.06.2018 - 28.02.2019

GTC - 10190120

01.01.2019 - 30.09.2019

NOVIS Ľudská dôstojnosť

Previous Versions

Effective From-Till

GTC - 10150106

10.03.2015 - N/A

NOVIS Futura

Previous Versions

Effective From-Till

GTC - 10150611

15.06.2015 - N/A

Best Future

Previous Versions

Effective From-Till

GTC - 10170616

15.06.2017 - 31.12.2018

GTC - 10180619

01.06.2018 - 28.02.2019

GTC - 10190121

01.01.2019 - 20.10.2019

NOVIS Best Protection

Slovakia

Available Versions

Available From

GTC-10210629

15.07.2021

Czech Republic

NOVIS Univerzální pojištění pro zdravý a dlouhý život

Previous Versions

Effective From-Till

GTC - 30150102

15.01.2015 - N/A

GTC - 30150304

10.04.2015 - N/A

GTC - 30160107

01.01.2016 - N/A

NOVIS Wealth Insuring

Previous Versions

Effective From-Till

GTC - 30160809

15.08.2016 - N/A

GTC - 30170411

01.04.2017 - N/A

GTC - 30171014

01.10.2017 - 10.05.2019

GTC - 30190316

21.03.2019 - 01.10.2019

OK Universum

Previous Versions

Effective From-Till

GTC - 30150203

15.02.2015 - N/A

GTC - 30150303

15.03.2015 - N/A

GTC - 30160108

01.01.2016 - N/A

GTC - 30160810

15.08.2016 - N/A

GTC - 30171215

01.12.2017 - 10.05.2019

GTC - 30190317

21.03.2019 - 01.10.2019

Hungary

NOVUM

Previous Versions

Effective From-Till

VPP - HUP 1014

17.10.2014 - N/A

VPP - HUP 1114

04.11.2014 - N/A

VPP - HUP 1503

25.03.2015 - N/A

GTC - 20160911

01.09.2016 - N/A

NOVUM Pro

Previous Versions

Effective From-Till

GTC - 20170113

01.01.2017 - N/A

GTC - 20170821

01.08.2017 - 12.03.2018

EVEREST

Previous Versions

Effective From-Till

VPP - HU 1505

12.05.2015 - N/A

EVEREST Plusz

Previous Versions

Effective From-Till

VPP - HU 1555

12.05.2015 - N/A

EVEREST Pro

Previous Versions

Effective From-Till

GTC - 20170317

21.03.2017 - N/A

GTC - 20170620

01.07.2017 - N/A

GTC - 20180324

10.03.2018 - 03.07.2018

EVEREST Pro Plusz

Previous Versions

Effective From-Till

GTC - 20170318

21.03.2017 - N/A

GTC - 20170619

01.07.2017 - 03.07.2018

NIVO

Previous Versions

Effective From-Till

GTC - 20151106

15.11.2015 - N/A

NIVO II

Previous Versions

Effective From-Till

GTC - 20170112

01.01.2017 - N/A

NOVIS Wealth Insuring

Previous Versions

Effective From-Till

GTC - 20170216

01.02.2017 - N/A

GTC - 20171022

01.11.2017 - N/A

GTC - 20180323

23.04.2018 - 03.07.2018

Sensum

Previous Versions

Effective From-Till

GTC - 20180924

18.09.2018 - 15.01.2019

GTC - 20181125

26.11.2018 - 24.09.2019

Germany

NOVIS Universalversicherung

Previous Versions

Effective From-Till

GTC - 40150202

15.03.2015 - N/A

GTC - 40150903

01.12.2015 - N/A

NOVIS Wealth Insuring

Previous Versions

Effective From-Till

GTC - 40160306

01.03.2016 - N/A

GTC - 40170407

01.04.2017 - N/A

GTC - 40180309

01.04.2018 - 23.09.2018

NOVIS Nachhaltigkeitspolice

Previous Versions

Effective From-Till

AVB - 40191210

04.12.2019

AVB - 40201111

30.11.2020

Austria

NOVIS Flexible Insurance

Austria

Available Versions

Available From

AVB - 50210606

18.06.2021

NOVIS Wealth Insuring

Previous Versions

Effective From-Till

GTC - 50160702

01.07.2016 - N/A

GTC - 50171104

01.11.2017 - N/A

GTC - 50180705

30.07.2018 - 03.10.2018

Italy

NOVIS Wealth Insuring

Previous Versions

Effective From-Till

GTC - 60170401

15.04.2017 - N/A

GTC - 60171102

27.11.2017 - 01.04.2018

GTC - 60180203

01.02.2018 - 01.07.2018

GTC - 60180704

01.07.2018 - 04.09.2018

NOVIS Universal Life

Previous Versions

Effective From-Till

GTC - 60180905

24.09.2018 - 11.10.2019

Poland

NOVIS Wealth Insuring

Previous Versions

Effective From-Till

GTC - 70170101

01.01.2017 - N/A

GTC - 70171003

01.10.2017 - 01.10.2019

Iceland

NOVIS Wealth Insuring

Previous Versions

Effective From-Till

GTC - 17180201

10.02.2018 - 23.11.2018

GTC - 17180202

22.02.2018 - 23.11.2018

GTC - 17180903

01.09.2018 - 01.06.2019

GTC - 17190404

01.04.2019 - 06.09.2019

GTC - 17190805

26.08.2019 - N/A

International

NOVIS Wealth Insuring

Previous Versions

Effective From-Till

GTC - 90160802

01.08.2016 - 09.06.2019

GTC - 90171003

15.10.2017 - 09.06.2019

GTC - 90180204

22.02.2018 - 09.06.2019