Payroll
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Register in Jóakim
Record all the necessary information about employee contributions in the Joakim system to ensure correct registration.
Premiums paid
Pay premiums on specified bank account Bayern Life with the right references.
Confirm payment
Send return article to premium@premium.is to confirm payment has been made and to ensure the correct booking.
Premium has an agreement with the Versicherungskammer (Bayern LiF) for the collection of premiums for Bayern's private insurance.
Premium uses Jóakim, from Init, which is the most widespread pension and association system in Iceland.
Here is a link to Payroll website of the Joakim system.
Link to return report form in Excel.
Account Information
Use this information when you pay
premiums of your employees.
premiums of your employees.
Bayern Life ID number:
Account Number:
Bank:
Contact Us
Contact Information
Prompt Response
We respond to all inquiries as soon as possible. Our office is open from 9:00 AM - 4:00 PM. For urgent questions, please contact by phone 577-2025.