Personal Accident Insurance

You are on: Benefits

Complement your life insurance with personal accident insurance.

Personal accident insurance can help ease the financial strain of day-to-day expenses and help your loved ones maintain their standard of living, should a fatal accident happen to you or your spouse. You can also have peace of mind knowing that your beneficiary will have the funds to pay the expenses of a funeral, burial and final taxation.

Our personal accident insurance offers the following key benefits:

• Flexible: Choose the amount of coverage that suits your needs, from $25,000 to $200,000. Or, enrol for up to $2,000 in complimentary coverage as a thank you for being a valued RBC^® customer.
• Affordable: Premiums start as low as $2.75 per month.
• Convenient: No medical or physical exam is required to apply.
• Risk-free: Take 30 days to look at the details of your insurance; if you change your mind within that time, cancel for a full refund.
• Inflation Adjustment: If your coverage amount does not change for two consecutive years, the amount of your coverage increases by 5% every two years. For example, if you have $200,000 in coverage for two years and die due to an accident, your beneficiary will be entitled to $210,000.
• Easy to apply: Acceptance is guaranteed if you’re a current RBC customer, between the ages of 18 and 69, and a Canadian resident.

The information above is intended as a summary only. Please see a sample Certificate of Insurance for complete details on coverage benefits and exclusions.

You are on: What’s Covered

Coverage Details

The following benefits apply if you are purchasing personal accident insurance for yourself only or for yourself and your spouse. (Please see a sample Certificate of Insurance for definitions and complete coverage details.)

Note: If you enrol for complimentary coverage without purchasing additional coverage, you (and your spouse, if applicable) are eligible to receive the Accidental Death benefit only. Complimentary coverage provides $1,000 in coverage for you, or $1,000 in coverage for you and $1,000 in coverage for your spouse.

If you purchase personal accident insurance for yourself only, you’re protected until age 80 for:

If you purchase personal accident insurance for yourself and your spouse (family coverage), you’re protected until age 80 for:

Summary of Limitations and Exclusions⁽³⁾

You are on: Eligibility

Eligibility Requirements

You are eligible to enrol for personal accident insurance, either complimentary or additional coverage, if you are:

• A current customer of any RBC^® company, and
• Between the ages of 18 and 69, and
• A Canadian resident

You may also enrol your spouse (family coverage) if he or she is between the ages of 18 and 69. If you are not married, but have been living with your partner for at least one year, he or she can enrol for coverage under your plan.

Starting Your Coverage

The effective date of coverage will be indicated on the Certificate of Insurance mailed to you, after your first premium payment has been received. Coverage will not take effect at the same time as your enrolment.

Ending Your Coverage

Your coverage ends on the earlier of:

• The date of your death
• The date you reach age 80
• The date you request to cancel your life insurance
• The date you stop paying your insurance premiums (you have a 30-day grace period after payment is due)
• The date you are no longer a Canadian resident
• The date you are no longer a customer of Royal Bank of Canada or any of its subsidiaries
• The date we stop offering it because the group policy under which this coverage is provided is cancelled

Note: When your coverage terminates, any coverage for your spouse also terminates.

You are on: Premiums

Your Premiums

Choose the amount of insurance benefit that’s right for you, either for yourself or for you and your spouse. Premiums for the coverage amounts available are shown below:

Benefit Amount	Monthly Premium Payment (without Tax)
	For You	For You and Your Spouse (Family Coverage)
$25,000	$2.75	$4.25
$50,000	$4.75	$8.25
$100,000	$9.50	$16.00
$200,000	$18.75	$31.75

Note: Your payments will not increase with age. However, it is possible for the group rates to change in the future.

Complimentary Personal Accident Coverage

As a thank you for being an RBC^® customer, you can also enrol in complimentary personal accident insurance. Choose either $1,000 coverage for yourself, or $1,000 for you and an additional $1,000 for your spouse.

With our complimentary coverage, there is no cost to you—now or in the future. You’ll be eligible to receive the benefit of your complimentary personal accident insurance coverage up to the age of 80—as long as you’re a customer of RBC.

You are on: FAQs

Questions and Answers about Personal Accident Insurance

Below are answers to the most common questions asked about our personal accident insurance plan. Don't see your question? Call 1-877-404-7245 to talk with a licensed RBC Insurance^® advisor.

Applying for Coverage

How do I enrol for coverage?

Can I cancel my coverage at any time?

Eligibility

Who can enrol for coverage?

I’m not married to my partner. Is he or she covered?

Coverage Details

Do I need to take a medical exam or complete a medical questionnaire?

When does my coverage start and end?

Can I change my beneficiary?

Who is the insurance company?

Premiums

Will my premium payments ever increase?

Claims and More

How do I or my beneficiary make a claim?

How do I make changes, such as address, payment information, etc.?