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Critical Illness Insurance

No one expects to loseunderline their health due to a serious illness, but the fact is that it can happen to all of us. Critical Illness Insurance provides financial protection and ensures that you will receive compensation if you are diagnosed with any of the diseases covered by the insurance.

More About Critical Illness Insurance

You can apply for Critical Illness Insurance if you are between the ages of 18 and 59 and the insurance is valid until the age of 70. You decide the insurance amount and in the event of illness, it will be paid out in one lump sum. The Critical Illness Insurance payout is tax-free and tied to inflation.

Children are automatically covered under their parent's Critical Illness Insurance from the age of 3 months to the age of 18 years. The amount of compensation for each child is 50% of the parents' insurance amount. However, there is a cap on the amount paid out in respect of each child.

Diseases and accidents are divided into four categories:

  • Category 1. Cancer
  • Category 2. Cardiovascular diseases
  • Category 3. Nervous and degenerative diseases
  • Category 4. Other serious diseases and accidents

The insurance amount is only paid out once for each category. A policyholder who is diagnosed with an illness and receives a payout under the Critical Illness Insurance can request that the insurance be renewed within three months of the payout, on the condition that the insurance category in respect of which the insurance was paid out will be excluded.

Critical Illness Insurance covers the following diseases

Cancer

  • Malignant tumors characterized by uncontrolled growth, proliferation of malignant cells and invasive tissue growth.
  • Breast cancer, defined as T1mic, requiring mastectomy, chemotherapy or radiation therapy.
  • Microinvasive carcinoma of the cervix uteri defined as IA1.
  • Lymphoma of the skin if the condition requires chemotherapy or radiation therapy.
  • Prostate cancer if it is histologically defined with a Gleason score higher than 6 or has developed into a TNM score of T2N0M0.

Cardiovascular and kidney diseases

  • Myocardial infarction.
  • Coronary artery bypass graft surgery.
  • Heart valve surgery.
  • Surgery of the aorta.
  • Stroke.
  • Renal disease.
  • Heart or kidney transplantation.

Nervous and degenerative diseases

  • Multiple sclerosis.
  • MND.
  • Alzheimer's disease.
  • Parkinson's disease.
  • Benign brain tumor.
  • Deafness.
  • Bacterial meningitis.
  • Profound vision loss.
  • Major head trauma.
  • Loss of speech.
  • Paralysis of limbs.

Other serious diseases and accidents

  • HIV / AIDS.
  • Transplantation.
  • Third-degree burns.
  • Loss of limbs.
  • Bone marrow transplantation.

Please note that the above list is not exhaustive. Further information can be found in the insurance terms.
In case of discrepancy between this list and the insurance terms, the insurance terms applies.

Do You Need More Coverage?

Life Insurance

Life Insurance ensures that those who rely on you will be taken care of. The insurance amount is paid out if you die during the insurance period. It does not matter if the cause is an accident or an illness.

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Accident Insurance

Accident Insurance protects you if you suffer broken teeth and permanent medical disability following an accident. The insurance is valid anywhere in the world and covers both accidents at and outside of work.

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Sickness Insurance

Sickness Insurance provides you with benefits if you are diagnosed with a disease that leads to permanent medical disability or temporary loss of work capacity.

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Child Insurance

Child Insurance protects parents or guardians against loss of income and unforeseen costs due to a serious accident or serious illness of a child.

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Special Offers for VIS Customers

Barnabílstólar

VIS customers get 10% off car seats and 15% off rental price. You need to sign in to get the discount code.

Betra Grip

VIS customers get 20% off Bridgestone tires and 12% off work cost. You need to sign in to get the discount code.

Bilstolaleiga.is

VIS customers get 20% off the register fee and 20% of monthly rent if the rent is long-term. You need to sign in to get the discount code.

BYKO

VIS customers get 25% off car seats. The discount does not apply on special offers. You need to sign in to get the discount code.

Chicco.is

VIS customers get 20% off car seats. The discount does not apply on special offers. You need to sign in to get the discount code.

FAKÓ

VIS customers get 15% discount on fire extinguishers and fire blankets. You need to sign in to get the discount code.

Græni unginn

VIS customers get 10% off all car seats. You need to sign in to get the discount code.

Harðkornadekk

VIS customers get 25% off tires. You need to sign in to get the discount code.

Heimkaup

VIS customers get 20% off safety products. You need to sign in to get the discount code.

Hreiður

VIS customers get 20% off car seats purchased in store. The discount does not apply on special offers. You need to sign in to get the discount code.

Húsasmiðjan

VIS customers get 20% off car seats and safety products for children. The discount does not apply on special offers. You need to sign in to get the discount code.

Klettur

VIS customers who have F Plus family insurance get 15% off tires and 10% off work cost. You need to sign in to get the discount code.

Nine Kids

VIS customers get 20% off Cybex and GB car seats and base. You need to sign in to get the discount code.

Fjallakofinn

VIS customers get 10% off all items. The discount does not apply on special offers. You need to sign in to get the discount code.

FlyOver Iceland

VIS customers get 15% off online bookings. You need to sign in to get the discount code.

Vöruhús

VIS customers get 10% off safety equipment. You need to sign in to get the discount code.

Insurance Terms

The insurance terms is your contract with VIS. It is important to thoroughly read the terms and understand what is covered and what is not, before purchasing the insurance.

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