Our customers get discounts on various security products
We are here whenever you need insurance.
Our cover includes all the protection you would expect from a traditional critical illness policy, and more.
We understand that people may need support at different stages of life. That's why the policy now also includes pregnancy and parental protection, as well as fertility protection.
This means we can support you through some of the most important years in your family's journey.
Infertility affects one in six people.
That's why we've added fertility protection to our critical illness insurance, helping individuals and couples access the support and treatment they need to start or grow their family.
Our new pregnancy and parental protection helps support expectant and new parents if serious complications occur during pregnancy or birth.
Home Protection is a bundled insurance that covers your family and household belongings. Choose from four different plans tailored to your needs.
Occupational disability coverage provides benefits if the policyholder is unable to perform the duties of their specific occupation due to an injury or illness.
Life insurance is intended to support families in the event of death, and thus increase the quality of life and financial security of those left behind.
Fertility benefit
If the insured person is diagnosed with infertility and undergoes fertility treatment.
Support counselling
Covered events related to pregnancy and parental cover.
Covered events related to fertility cover.
Fertility benefit
Fertility treatment for reasons other than infertility.
Cases where the insured person is 40 years of age or older at the time of diagnosis or when fertility treatment begins.
Support counselling
The insurance does not cover support counselling for trauma or illnesses diagnosed before the insurance or cover came into force
Additional costs, such as travel expenses or similar costs
Pregnancy and Birth-Related Incidents
If the insured is diagnosed with one of the following during pregnancy or at birth, a lump sum payment of 1,000,000 ISK is paid:
Preeclampsia
Ectopic pregnancy requiring surgery
Pregnancy loss after 14+0 weeks and termination of pregnancy due to confirmed diagnosis of a serious fetal abnormality
Severe morning sickness
Severe postpartum hemorrhage ≥1,500 ml
Severe perineal tear (3rd and 4th degree)
Placenta accreta
Placental abruption
DIC (disseminated intravascular coagulation)
Congenital Health Conditions of the Child
If the child of the insured is diagnosed with one of the following at birth or during the first year of life, a lump sum payment of 1,000,000 ISK is paid:
Cerebral palsy
Hydrocephalus
Spina bifida
Congenital heart defects requiring surgery within the first 6 months of the child's life
Cleft palate and cleft lip requiring surgery or specialized treatment
Severe congenital structural abnormalities of the abdominal wall or diaphragm
Chromosomal abnormalities requiring long-term care
Clubfoot or severe limb abnormality
Rare and life-threatening conditions meeting 2 of 3 criteria
Counseling Sessions for Trauma During the Childbearing Period
The insurance provides up to five counseling sessions for the following:
Claimable incidents under pregnancy and parental protection
Prenatal and postnatal depression
Pregnancy loss before 14+0 weeks
Difficult or traumatic birth experience
Emergency caesarean section
Intimate partner violence
Consequences of cerebrospinal fluid leak following spinal anesthesia (e.g., spinal headache)
Very premature birth, meaning the child is born before the 32nd week of pregnancy and required hospitalization after birth due to premature development
In the event of pregnancy loss, the insured may also request counseling sessions for the insured's children, taking into account their age and circumstances.
Pregnancy and birth-related incidents
Illnesses or conditions that existed before the insurance came into effect, including diagnoses or symptoms attributable to a condition that began prior to pregnancy.
Termination of pregnancy for reasons other than medical.
Other incidents or illnesses not specified in the terms of the insurance.
Illnesses, physical defects, or other conditions that can be attributed in any way to the consumption of alcohol, medication, or narcotics.
Illnesses rooted in cosmetic or elective surgery during pregnancy.
Congenital health conditions of a child
Health conditions of a child that existed before the insurance came into effect, including diagnoses or symptoms.
The insured sum is only paid for one of the diagnoses listed below, even if the child has multiple diagnoses and even if more than one certificate is active with the insured.
A condition for benefit payments is that the child survives 30 days from the time a diagnosis is made, a procedure is performed, or another insured event occurs.
Support counselling for trauma during the childbearing period
Trauma or illnesses that began before the insurance came into effect or coverage commenced.
Other incidents or illnesses than those specifically designated as eligible for benefits in these terms.
Additional costs, such as travel expenses or comparable expenditure items, are not covered by the insurance.
Acute coronary occlusion/myocardial infarction, according to a more detailed definition in the terms.
Coronary angioplasty/coronary artery bypass surgery, according to a more detailed definition in the terms.
Heart valve surgery – valve replacement or repair, according to a more detailed definition in the terms.
Aorta graft surgery, according to a more detailed definition in the terms.
Regarding acute coronary occlusion/myocardial infarction, Non-ST-Elevation Myocardial Infarction (NSTEMI), with an increase in Troponin I or T, together with other acute coronary syndromes, is excluded.
Regarding coronary angioplasty/coronary artery bypass surgery, other non-open procedures are excluded, e.g. percutaneous coronary intervention (PCI) and laser procedures.
Regarding aorta graft surgery, operations performed on branches of the aorta outside the thoracic or abdominal cavity are excluded.
Stroke.
Paraplegia.
Aphasia.
Regarding stroke, transient ischemic attack (TIA) and neurological symptoms due to migraine are excluded.
Regarding aphasia, aphasia due to psychological problems is excluded.
Malignant tumor, characterized by uncontrolled growth and proliferation of malignant cells along with invasive tissue growth.
Early signs of cancer.
Tumors that are in situ and non-invasive.
All stages of CIN (cervical intraepithelial neoplasia.)
Stage 1 Hodgkin's lymphoma.
Chronic lymphocytic leukemia.
Prostate tumor stage T1 and Gleason score 6 or lower.
All types of tumors when HIV is present.
Kaposi‘s sarcoma.
All skin cancers, other than malignant, invasive melanoma.
Cancer that is diagnosed in the first three months after the insurance comes into effect.
Multiple Sclerosis (MS), according to a more detailed definition in the terms.
MND before the age of 60 (Alzheimer's Disease), according to a more detailed definition in the terms.
Parkinson's Disease before the age of 60, according to a more detailed definition in the terms.
Regarding Parkinson's Disease, Parkinson's Disease which is the result of alcohol or drug abuse is excluded.
Benign brain tumor
Major organ transplantation
Kidney failure
Third degree burns, that cover at least 20% of the surface of the body.
Loss of limbs of two or more limbs.
Blindness, permanent, and incurable visual impairment.
HIV infection in blood transfusions, physical assaults, or in the performance of certain tasks
Irreversible deafness, according to a more detailed definition in the terms.
Bacterial meningitis, according to a more detailed definition in the terms. Serious head wounds, according to a more detailed definition in the terms.
Regarding benign brain tumors, cysts, granulomas, meningiomas, chordomas, vascular defects in or on arteries or veins, and brain tumors and tumors in the pituitary gland or spinal cord are excluded.
Regarding HIV, HIV infection caused by other causes, including sexual activity or drug use, is excluded.
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.
Critical illness insurance provides you and your family with financial protection in the event of a serious illness covered by the policy.
You decide the compensation amount of the critical illness insurance. It should reflect your income, debts, and family circumstances. Ideally, the insurance should cover the equivalent of 2–3 years of net salary in addition to employees’ contractual sick pay rights. You may increase the insured amount if you have a child, adopt a child, or purchase residential property, without submitting new health information.
Critical illness insurance is necessary for most people, regardless of family circumstances, as serious illnesses can occur unexpectedly.
Critical illness insurance compensation is paid as a lump sum and are exempt from income tax. Only one payment is made per benefit category.
Critical illness insurance pays you a benefit if you are diagnosed with a specified illness. It allows you to reorganize your life and focus on recovering your health without worrying about your household finances. The illnesses covered are listed in the information document and in the insurance terms and conditions.
The illnesses covered are divided into five benefit categories:
Stroke, paralysis, and aphasia
Cancer
Neurological and degenerative diseases
Cardiovascular diseases
Other serious illnesses
Further details can be found in the information document or the insurance terms and conditions.
Individuals aged 18–59 may apply for critical illness insurance, which remains valid until the age of 70.
Compensation is paid approximately two weeks after all necessary and satisfactory documentation has been received by the insurance company.
Critical illness insurance is valid worldwide.
Premium waiver is optional additional protection within the critical illness insurance that can be selected when applying.
This means that if you become unable to work by 50% or more, you may apply to have your insurance premiums reduced or waived. The waiver of premiums can last for a maximum of five years and is proportional to the degree of incapacity of work.
A more detailed definition of premium waiver can be found in the terms and conditions of the critical illness insurance.
The premium is based on the insured amount and the age of the insured. The assessment also considers your circumstances, such as family size, financial obligations, and how long you continue to receive salary income during illness. Various health- and lifestyle-related factors may also affect the premium.
The rules used as a reference for risk assessment are outlined here: