General credit card
Vörður issues travel insurance for Arion Bank credit card holders. It is important to familiarise yourself with the insurances that come with the cards before setting off on a trip.
Our customers get discounts on various security products
We are here whenever you need insurance.
Vörður issues travel insurance for Arion Bank credit card holders. It is important to familiarise yourself with the insurances that come with the cards before setting off on a trip.
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.
On Vörður’s “MyPages” you can download a confirmation of your travel insurance, whether you are about to depart or already on your trip.
Permanent medical disability due to accidents that occur while travelling, but only if the disability is rated at 16% or higher.
Death benefits due to accidents that occur while travelling.
Compensation is payable only if the accident results in death or permanent disability within 24 months of the date of accident.
If the insured dies aged 18 or younger as a result of an accident, compensation is limited to 10% of the maximum amount of the death benefit.
Disability and death benefits are reduced annually by 10% after the insured reaches the age of 60. However, never more than 80%.
Medical expenses while travelling abroad, including medical and specialist costs, hospitalisation, and medicine costs, as well as the costs of ambulance transport and the transport of the insured's mortal remains.
Costs for any type of accident, illness or disease which the insured has suffered and for which they have received medical care and/or treatment during the six (6) months prior to the payment of the confirmation fee for the travel.
Expenses that are paid according to a reciprocal medical insurance agreement that Icelandic Health Insurance (Sjúkratryggingar Íslands) is party to.
Expenses arising from treatment or follow-up treatment in Iceland or the country of residence.
Loss or damage attributable to the fact that the insured could expect to give birth to a child before returning home or is the return date was after week 32 of pregnancy.
Loss or damage that can be attributed to the fact that the insured travelled against the advice of a practising physician or with the intention of seeking medical treatment abroad.
Medical bills submitted more than twelve months after the insurance event.
Necessary expenses for a close relative or friend of the insured person staying with them or accompanying them home, upon the advice of a physician and in consultation with SOS INTERNATIONAL, due to a serious accident or illness sustained.
The deployment or use of any kind of nuclear weapon or device that can cause explosion, radiation, emission, dispersion, discharge or leakage from fissionable matter that emits radioactivity and causes permanent disability or death of the insured.
The deployment or use of chemical weapons that can cause the emission, dispersion, discharge or leakage of any kind of chemical compound in solid, liquid or gaseous form and causes permanent disability or death of the insured.
The deployment/use of biological weapons that can cause the emission, dispersion, discharge or leakage of any pathogenic microorganisms or biologically produced toxic substances that cause permanent disability or death of the insured.
War, invasion, military action, civil war, insurrection, revolution, armed combat against civil authorities, civil unrest that may be compared to insurrection, military coup d’état or usurpation of power.
Loss resulting directly or indirectly from automobile and motor sports or the use of motorcycles, whether the insured person is a driver or a passenger.
Loss or damage due to an accident occurring during competition or in training in preparation for any type of sports competition, except in the case of children under the age of 16.
Loss or damage directly or indirectly resulting from flying, except as a fare-paying passenger on a registered airline with the necessary licenses.