Critical Illness Insurance provides you with a lump-sum payment if you are diagnosed with a covered critical illness and meet the policy requirements.

Why Do You Need Critical Illness Insurance?

Canada's healthcare system can cover many medically necessary services, but a serious illness can create financial costs that aren't necessarily covered by your provincial health plan or workplace benefits.

Critical illness insurance gives you a financial cushion when your priority needs to be your health—not your finances.

How Does Critical Illness Insurance Work?

You choose an amount of coverage that fits your needs and budget.

For example, you may choose:

$50,000 | $100,000 | $250,000 | $500,000+

You pay a premium according to the policy you select.

If you are diagnosed with a covered critical illness, and your diagnosis meets the exact definition in your policy and any required survival period is satisfied, you can receive a lump-sum benefit.

The money is generally paid directly to you, rather than reimbursing specific medical bills.

This is a Living Benefit for you.

What Illnesses Can Be Covered?

Depending on the policy, critical illnesses can include conditions such as:

• Cancer

• Heart attack

• Stroke

• Multiple sclerosis

• Parkinson's disease

• Paralysis

• Severe burns

• Other specified serious conditions

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