Facing a critical illness can be one of the most difficult challenges in life. There is so much to consider—making decisions about your care, remaining financially stable, meeting your family’s day-to-day needs, coping with the emotional stress and more. Critical illness insurance from RBC Insurance® is designed to help you when you need it most.
You are on: Overview
While healthy lifestyle choices can be your best defence against some health risks, a critical illness such as cancer, stroke or heart disease can strike anyone at any time. Consider the following:
Expenses such as private nursing or modifications to your home or vehicle to improve your mobility won't be covered under your provincial health insurance plan and may not be covered under typical employer-sponsored health plans. Then there are the other challenges that critical illnesses bring—such as finding the best medical care, meeting day-to-day needs (like caring for your children), and managing the stress and anxiety.
Critical illness insurance from RBC Insurance provides a lump-sum benefit to help support you financially, if you are diagnosed with and survive a covered critical illness. You can use this benefit payment to supplement your health insurance plan and any group disability coverage you may have:
What's more, with critical illness insurance from RBC Insurance, you may not have to go into debt or withdraw money from your retirement savings to remain financially stable and independent during your recovery.
Our critical illness insurance does more than provide a claim cheque. In addition to a lump-sum payment, it provides valuable assistance services to help you and your family cope with a critical illness. Our plans include:
You are on: Plan Choices
You are on: Critical Illness Recovery Plan™ Policy
Coverage for a wide range of illnesses and conditions
Our Critical Illness Recovery Plan™ policy is available to individuals between the ages of 18 and 65.
This plan provides a lump-sum benefit amount between $25,000 and $2 million and valuable assistance services to help you and your family cope with the financial and non-financial challenges of more than twenty serious illnesses or conditions(3).
You are on: Critical Illness Insurance Plan
Affordable coverage for the three most common critical illnesses
Our Critical Illness Insurance Plan is available to individuals between the ages of 18 and 50.
This cost-effective plan provides a lump-sum benefit amount between $10,000 and $75,000 and valuable assistance services to help you and your family cope with the financial and non-financial challenges of the three most common critical illnesses(3):
For higher benefit amounts or coverage for more illnesses, please see our Critical Illness Recovery Plan Policy.
You are on: FAQs
Below are answers to the most common questions asked about our critical illness insurance plans. Don't see your question? Call 1-866-262-7920 to talk with an RBC Insurance® advisor.
Learn more about the coverage you and your family would need to help cope with a critical illness. Call today and let us customize the critical illness insurance plan that is right for you.
1) Canadian Cancer Society, www.cancer.ca
2) Heart and Stroke Foundation, www.heartandstroke.ca
3) Benefit is paid when you are diagnosed with a covered critical illness, as defined in the policy, and satisfy the survival period, as defined in the policy.
4) Cancer is defined as a definite diagnosis of a tumour, which must be characterized by the uncontrolled growth and spread of malignant cells and the invasion of tissue. Types of Cancer include carcinoma, melanoma, leukemia, lymphoma, and sarcoma. The diagnosis of Cancer must be made by a specialist. The following forms of cancer are excluded: Lesions described as benign, pre-malignant, uncertain, borderline, non-invasive, carcinoma in-situ (Tis) or tumours classified as Ta; Malignant melanoma skin cancer that is less than or equal to 1.0 mm in thickness, unless it is ulcerated or is accompanied by lymph node or distant metastasis; Any non-melanoma skin cancer, without lymph node or distant metastasis; Prostate cancer classified as T1a or T1b, without lymph node or distant metastasis; Papillary thyroid cancer or follicular thyroid cancer, or both, that is less than or equal to 2.0 cm in greatest diameter and classified as T1, without lymph node or distant metastasis; Chronic lymphocytic leukemia classified less than Rai stage 1; or Malignant gastrointestinal stromal tumours (GIST) and malignant carcinoid tumours, classified less than AJCC Stage 2.
5) Applicants with certain skin cancers other than melanoma or certain early state cancers may be eligible for coverage. In addition, some forms of testicular cancer may be considered for coverage five years after successful completion of treatment.
6) If colon polyps are present, coverage is not available. If colon polyps have been removed and a biopsy performed, coverage may be available depending on the medical details.
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