Critical Illness Insurance
Coverage for 25 illnesses
what is Critical Illness Insurance
Insurance benefit that provides coverage against serious or life-threatening medical conditions covered under the plan. It provides a tax-free lumpsum living benefit amount so you can focus on your recovery.
living benefit that covers
25 Illnesses
Heart Related
Heart attack
Stroke
Aortic surgery
Coronary surgery
Heart valve replacement
Cancer Related
Benign brain tumor
Life threatening cancer
Transplants & Disorders
Major organ transplant
Major organ failure on waiting list
Kidney failure
Coma
Aplastic anemia
Alzheimer’s disease
Motor neuron disease
Parkinson’s disease
Paralysis
Multiple sclerosis
Bacterial meningitis
Other Conditions
Severe burns
HIV infection
Blindness
Loss of speech
Loss of limbs
Deafness
Loss of autonomy
key Highlights
Lumpsum
payment on diagnoses
Tax-free
benefit
Option for
Return of Premium (ROP) Rider
Access to
Best Doctors Advise
Use the amount to consider medical treatments that OHIP doesn't cover
Use the money to pay for anything that you wish
why Critical Illness is Important
Medical advancements over last two decades have significantly improved the survival rate of individuals. Individuals suffering from critical illness conditions are more likely to survive and recover these days, which is great for all of us. However, if you were diagnosed a medical condition then it may take significant emotional and financial toll on you and your family.
If you become sick with an illness covered under your Critical Illness Insurance Policy and survive the waiting period then the policy pays a lumpsum cash amount so you can focus on your treatments and recovery.
what is Return of Premium Rider
A Return of Premium (ROP) Rider can be purchased with your policy which allows you to get your full or partial premiums back. There are three types of riders that can be purchased with your policy.
Return of Premiums on Death: Premiums are returned if the insured dies within policy term without making a critical illness claim.
Return of Premiums on Expiry: Premiums are returned if the policy expires and the insured does not make critical illness claim.
Return of Premiums on Cancellation or Surrender: Partial premiums are returned If the insured decides to surrender or cancel their policy during their policy term and no claim has been made.
Did you know?
Your Provincial Health Plan such as OHIP does not cover you for:​
-
Loss of Income
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Living Expenses
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Experimental Treatments
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Specialty Medical Services
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Medical Equipment