Children's insurance 1
Children’s insurance insures our children against potential trauma due to accidents and illnesses, as well as providing financial assistance to families.
Our customers get discounts on various security products
We are here whenever you need insurance.
Children’s insurance insures our children against potential trauma due to accidents and illnesses, as well as providing financial assistance to families.
Insurance can be complicated. To make things easier to understand, we have compiled all the key information about the insurance in an information document that can be viewed with the terms and conditions.
Pregnancy and parental protection is a cover to Vörður’s critical sickness insurance that supports expectant mothers and parents with financial protection and emotional support if serious events occur during pregnancy or childbirth.
Customers enjoy discounts and benefits on various products and services with Vörður’s partner companies. You can find the discounts under My Pages.
Viðskiptavinir Varðar fá 30% afslátt hjá Bílstólaleigunni, sem sérhæfir sig í leigu á traustum bílstólum fyrir börn á öllum aldri.
Viðskiptavinir Varðar fá 20% afslátt af öllum barnabílstólum hjá Fífu og 15% afslátt af Clippsafe öryggisvörum.
Viðskiptavinir Varðar fá 10% afslátt af öllum barnabílstólum í verslun Nine Kids.
Disability benefits due to permanent medical disability caused by an illness or an accident, if the disability is estimated to be at least 10%.
Per diem due to hospitalisation.
Per diem due to care in the home.
Hemophilia ICD10, D66 and D67.
Developmental deviations ICD10 F70-F99 (e.g. ADHD, attention deficit/hyperactivity disorder, autism, developmental delay, Asperger's syndrome, Tourette’s).
Epilepsy ICD10 and G40.
Diseases of the central nervous and muscular system ICD10 G11, G12, G60, G71 and G80 (e.g. CP (cerebral palsy), muscular dystrophy).
Conductive and sensorineural hearing loss.
Congenital disability or chromosomal abnormality ICD10 Q00-Q99 (e.g. Down syndrome and malformed internal organs).
Psychiatric disorders ICD10 F00-F69.
Accidents that occur in any kind of driving sports, martial arts, mountaineering, rock climbing, abseiling, skin diving, kite flying, gliding and parachuting and/or sports that are comparable and related in nature.
Suicide or attempted suicide attributed to mental illness.
Multiple sclerosis (MS).
Cancer.
Benign brain tumor
Diabetes (Diabetes mellitus 1).
Third degree burns.
Cystic fibrosis.
Juvenile rheumatoid arthritis.
Blindness.
AIDS due to an accidental injection or blood transfusion.
Any type of skin cancer.
All tumors that are histologically described as precursor symptoms or that show only early malignancies.
Cancer in situ, not invasive.
Cysts in the brain.
Granulomas in the brain.
Hemophilia ICD10, D66 and D67.
Developmental deviations ICD10 F70-F99 (e.g. ADHD, attention deficit/hyperactivity disorder, autism, developmental delay, Asperger's syndrome, Tourette’s).
Epilepsy ICD10 and G40.
Diseases of the central nervous and muscular system ICD10 G11, G12, G60, G71 and G80 (e.g. CP (cerebral palsy), muscular dystrophy).
Conductive and sensorineural hearing loss.
Congenital disability or chromosomal abnormality ICD10 Q00-Q99 (e.g. Down syndrome and malformed internal organs).
Psychiatric disorders ICD10 F00-F69.
Accidents that occur in any kind of driving sports, martial arts, mountaineering, rock climbing, abseiling, skin diving, kite flying, gliding and parachuting and/or sports that are comparable and related in nature.
Suicide or attempted suicide attributed to mental illness.
The insurance pays for psychological services if the insured suffers a trauma due to the death of a parent or guardian, physical assault or violence, including sexual violence, diagnoses of any of the diseases covered by this policy or bullying.
The insurance does not cover treatment if the child carried out or participated in an event that is considered punishable according to Icelandic law.
The insurance does not cover losses attributable to illnesses, accidents or traumas that occurred after the insurance lapsed or before it came into effect.
Psychological services for trauma that occurred before 01.01.21
Death benefits for the death of a child.
Suicide or attempted suicide attributed to mental illness.
The company will pay the insurance premium if the policyholder under the age of 65 dies during its effective term.
The insurance must have been valid for 24 months at the time of death.
Children’s insurance 1 provides comprehensive financial protection for our children in the event of accidents or illnesses that may occur and can have serious consequences for their health. The insurance is primarily a disability insurance, but it also pays compensation to parents, which can be financially important if they need to take time off work for a shorter or longer period due to the child’s illness.
All children should have children’s insurance. Children can be insured from one month of age up to 18 years of age, and the insurance remains valid until the age of 26.
The premium of the insurance depends on the insured amount you choose.
You choose the level of compensation. You can choose between three basic insured amounts: ISK 5,000,000, ISK 10,000,000, or ISK 15,000,000.
The insurance is valid in the Nordic countries. However, it remains valid for up to one year if the insured moves away from the Nordic countries.
When choosing the insured amount, it is important to keep in mind that if a child becomes disabled, only minimum disability compensation is paid by the Social Insurance Administration from the age of 18, and these are often insufficient for household expenses and independent living.
Students do not enjoy disability protection while studying, and entitlement to disability pensions from pension funds is only established after pension contributions have been paid for two years. Children’s insurance bridges this gap, pays disability benefits, and ensures that the individual can support themselves in the event of disability.
In most cases, municipal insurance only covers ambulance transport and initial treatment in the emergency department. It does not cover permanent consequences of accidents, disability caused by accidents or illness, and certainly not the youngest children who are still at home.