Accident benefits from 1 July 2015 to 31 March 2022
As of 1 April 2022, the VR Sick Pay Fund ceased paying accident benefits for accidents occurring after that date.
The VR Sick Pay Fund pays benefits for accidents during leisure time in cases of permanent disability. In cases of illness/health impairment, per diem payments are paid (see sickness per diem payments).
Accident benefits are not paid if benefits are paid from elsewhere under statutory liability insurance policies (for accidents attributable to motor vehicles).
In cases of permanent disability due to accidents during leisure time, benefits are paid in proportion to the benefit amount of ISK 11,859.00, with each disability percentage point from 26% to 50% counting double and each disability percentage point from 51% to 100% counting quadruple.
The VR Sick Pay Fund pays benefits for accidents during leisure time in cases of permanent disability. In cases of illness/health impairment, per diem payments are paid (see sickness per diem payments). Accident benefits are not paid if benefits are paid from elsewhere under statutory liability insurance policies (for accidents attributable to motor vehicles).
In cases of permanent disability due to accidents during leisure time, benefits are paid in proportion to the benefit amount of ISK 11,859,000, with each disability percentage point from 26% to 50% counting double and each disability percentage point from 51% to 100% counting quadruple.
It was decided that, as of 1 July 2015, accident benefits would only be paid for permanent disability exceeding 10%, whereas previously payments were made for all disability. This is because disability assessed at under 10% is generally only a minor obstacle to work for the vast majority of people, while the aim of this provision is of course primarily to be able to pay those who are dealing with disability that prevents them from participating in the labour market. With these changes, it is therefore possible to pay a higher amount to those who need the payments most, and the reference benefit amount is therefore also increased to ISK 11,859,000.
Example of accident benefit calculations
Each level on the scale of 0-25% gives 95,180 kr.
Benefits due to 25% disability will be 25 x 95,180 kr. = 2,379,500 kr.
Each level on the scale of 51-100% gives 380,720 kr.
Benefits due to 40% disability will be 25 x 95,180 IKR. + 15 x 190,360 kr. = 5,234,900 kr.
Each level on the scale of 51-100% gives 380,720 kr.
Benefits due to 100% disability will be 25 x 95,180 kr. + 25 x 190,360 kr. + 50 x 380,720 kr. = 26,174,500 kr.