Are you expecting an Arion refund?
We at Arion and Vörður want you to benefit from having your finances and insurance in the same place.
We at Arion and Vörður want you to benefit from having your finances and insurance in the same place.
Your success matters to us, and we want you to benefit from having your finances and insurance in the same place. As a result, you'll get better terms if you're with both Arion and Vörður.
If you do business with Arion and have Home Protection with Vörður, you can receive up to 7% refund on your insurance by remaining claim-free.
You can receive a refund on insurance if you:
Are enrolled in Arion benefits
Have active Home Protection with Vörður
Have been claim-free for 12 months from the renewal of Home Protection
Renew your Home Protection for the next period
The refund covers all insurance policies for the family. The refund is calculated retroactively based on you being claim-free for the past 12 months. The credit is then paid out one month after the renewal of Home Protection.
To be eligible for a refund on your insurance, you first need to register for Arion benefits. Signing up is simple. You just open the Arion app and follow a few easy steps.
You can request a quote for your insurance by contacting us at phone number 444-7777 or by sending an email to sala@arionbanki.is.
We will respond to all inquiries as quickly as possible.
You can not apply for an Arion refund. To be able to receive a refund on your insurance, you need to have registered for Arion Rewards.
The reimbursement covers all family insurance policies, including public fees, (such as life, illness, and child insurance).
Examples of insurance include property, car, family, life and health insurance, pets, etc.
Insurance for companies and other legal entities (government, municipalities, and associations) does not fall under the reimbursement.
For more information about home insurance, visit the website of Vörður.
You will lose the refund if you stop meeting any of the following conditions within the refund period:
Are enrolled in Arion Rewards
Active Home Protection
No claims during the refund period
Renewal of Home Protection for the next period
Payment is based on the renewal date of Home Protection and is paid one month after the renewal takes place (on the 5th of each month).
Example: You met all the conditions for reimbursement and renewed your Home Protection on November 1, 2024. The reimbursement date would then be December 5, 2024.
The refund is a certain percentage of the amount you pay in insurance during the period.
The refund percentage depends on which tier of Arion Rewards you are on:
Tier 1: 5%
Tier 2: 5%
Tier 3: 6%
Premium: 7%
Gunna and Jón are a married couple. Gunna pays for the Home Protection but Jón does not.
Gunna is paying for x number of insurances. Jón is also paying for x number of insurances.
Gunna can apply for a refund on the insurances she pays for. Jón can apply for a refund on the insurances he pays for.
The fact that one of the parties has Home Protection means that both parties can apply for a refund on their insurances*.
* Gunna and Jón must still meet other conditions as well, i.e. an active card and payroll turnover with Arion, and no claims during the refund period.
You will be paid one month after your Home Protection renewal. Payment is based on the renewal date.
Example: If you renew your Home Protection on November 1, 2024, you will receive a refund on December 5, 2024, or one month after renewal.
If you experience a claim during the refund period, your refund will automatically be cancelled. However, claims falling under the following insurance types are exempt:
Claims related to life and health insurance (e.g. life and illness insurance)
Claims related to car windscreen (applies only to repair, not if the windscreen is replaced)
Individual income protection insurance
A claim affects the refund as soon as it has been settled.
If you report a claim before the end of a period, but it is not settled until the next period, the refund for the next period will be forfeited.
The refund is calculated retroactively.
It is based on the assumption that you have been claim-free throughout the previous period, which is 12 months. The refund is then paid out one month after the renewal of Home Protection.