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Benefits of Critical Illness Insurance

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Lump-Sum Benefit

Use your benefit to maintain financial stability, access cutting-edge medical services or to aid your recovery in some other way.

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Best Doctors Services

Access health care resources and world renowned experts who will review your medical records to confirm your diagnosis.

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Daily Living Assistance Benefit

Receive unlimited access to a care coach who will help you manage your day-to-day activities.

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"The Healing Journey" Program

Get help dealing with fear and anxiety and learn how to address the needs of the mind, body and spirit.

Types of Critical Illness Insurance

Protect yourself financially against over 30 illnesses and conditions

For substantial financial protection against over 30 serious illnesses and conditions1, choose our comprehensive Critical Illness Recovery Plan™.

Ideal if You

  • Need a substantial coverage amount
  • Want coverage for a wide range of illnesses and conditions
  • Are age 18-65

Highlights

  • Lump-Sum Benefit: $25,000 to $2 million
  • Comprehensive: Coverage for over 30 serious illnesses and conditions1
  • Flexible: Your choice of premium and term options, plus optional coverage for even more protection
  • Long-Term Care Conversion Benefit: From age 55 to 65, you can convert all or some of your coverage to long-term care insurance without proof of insurability
  • Assistance Services: Best Doctors Service, Medical Confidence™ Service, Daily Living Assistance, “The Healing Journey” Program and Early Assistance Benefit

This plan includes a unique combination of assistance services that can help you and your family better cope with the emotional stress and challenges of a critical illness:

  • Best Doctors Service: Offers access to health care resources, specialists and world renowned experts who will review your medical records to confirm your diagnosis.
  • Medical Confidence™ Service: Receive faster access to care and treatment by appropriate physician specialists, a more accurate diagnosis, one-on-one support from a Registered Nurse and more.
  • Daily Living Assistance: Obtain information and resources to help you and your family manage day-to-day activities. This includes access to your very own care coach, a specially trained consultant who will work with you to develop a plan to help you manage day-to-day activities.
  • "The Healing Journey" Program: Receive support to help deal with the stress associated with a critical illness.
  • Early Assistance Benefit: Without reducing your benefit for future claims, you can receive 10% of your benefit (to a maximum of $50,000 and payable only once) if you are diagnosed with and satisfy the survival period for Early Prostate Cancer, Early Breast Cancer, Early Skin Cancer, Early Stage Blood Cancer, Early Stage Intestinal Cancer, Early Thyroid Cancer, or Coronary Angioplasty.

Who Can Apply?

  • Ages 18-65
  • Canadian citizens
  • Permanent residents/landed immigrants who have been in Canada over 12 months
  • Have not been diagnosed with or treated for certain medical conditions

What's Covered?

3

Provides a lump-sum benefit if you are diagnosed with any of the following critical illnesses or conditions and satisfy the survival period, as defined in the policy:

  • Aortic Surgery
  • Aplastic Anemia
  • Bacterial Meningitis
  • Benign Brain Tumour
  • Blindness
  • Cancer (Life Threatening)2
  • Coma
  • Coronary Angioplasty
  • Coronary Artery Bypass Surgery
  • Deafness
  • Dementia including Alzheimer’s Disease
  • Early Breast Cancer
  • Early Prostate Cancer
  • Early Skin Cancer
  • Early Stage Blood Cancer
  • Early Stage Intestinal Cancer
  • Early Thyroid Cancer
  • Heart Attack
  • Heart Valve Replacement or Repair
  • Kidney Failure
  • Loss of Independent Existence
  • Loss of Limbs
  • Loss of Speech
  • Major Organ Failure on Waiting List
  • Major Organ Transplant
  • Motor Neuron Disease
  • Multiple Sclerosis
  • Occupational HIV Infection
  • Paralysis
  • Parkinson’s Disease and Specified Atypical Parkinsonian Disorders
  • Severe Burns
  • Stroke

3

  • Scheduled Increase Benefit: On every second policy anniversary, your benefit amount increases by 20% of the original amount, for 10 years.
  • Disability Waiver of Premium Benefit: After you have been disabled (as defined by the policy) for 90 consecutive days, RBC Insurance will pay the premiums that come due while you are disabled. We also refund the premiums paid during those first 90 days.
  • Return of Premium on Death: If you die while the policy is in force, we will refund all of the premiums you have paid.

This is the number of days you must survive, following the diagnosis of a covered critical illness, before a benefit is payable. The minimum survival period for most covered conditions is 30 days, although some covered conditions require a longer period before benefits are payable.

Once the policy is in effect (or reinstated) there is no coverage if you are diagnosed with cancer during the first 90 days. A diagnosis of cancer must be made 91 days or more after the effective date to be covered under the policy.

3

No benefit will be paid (including any riders), nor will premiums be refunded for any critical illness, death or other loss that results directly or indirectly, from any of the following:

  • Self-inflicted injury, attempted suicide or suicide
  • Intentional use of any drug, intoxicant, narcotic or poisonous substance4
  • Participation in war (whether such war is declared or undeclared) or hostile action of the armed forces of any country, insurrection or civil commotion
  • Attempt to commit or commission a crime, whether charged or not
  • Operation of any land, water or air conveyance which is moved or operated by any means other than muscular power, while the insured's concentration of alcohol in 100 millilitres of blood exceeds 80 milligrams or while the insured is under the influence of any drug, intoxicant, narcotic or poisonous substance4

About Your Premiums

Choose from several premium and term options:

  • Level premiums to age 75 (non-cancellable): Plan benefits or premiums can’t be changed from those stated in the policy.
  • Level premiums to age 65 or 75 (guaranteed renewable): Plan benefits can’t be changed, but premiums may be subject to change.
  • 10-year term renewable to age 75: Premiums are scheduled to change every 10 years.

A non-cancellable plan means that as long as your premiums are paid, we cannot change the provisions or premiums, or cancel the policy.

A guaranteed renewable plan means that as long as your premiums are paid, we cannot cancel the policy. At our discretion, we may change future renewal premiums. However, we cannot change the premium unless we do so for an entire group of policyholders sharing similar characteristics.

Protect yourself financially against the most common illnesses

Together, cancer, heart attack and stroke make up 89% of all critical illness claims.5 For financial protection against these common illnesses2, choose our most affordable coverage.

Ideal if You

  • Need budget-friendly coverage
  • Want coverage for the most common illnesses only
  • Are age 18-50

Highlights

  • Lump-Sum Benefit: $10,000, $25,000, $50,000 or $75,000
  • Affordable Coverage: For the three most common critical illnesses1—cancer6, heart attack and stroke
  • Optional Benefit: The Return of Premium on Death Benefit refunds all premiums paid if you pass away while the policy is in force
  • Assistance Services: Best Doctors Service, Medical Confidence™ Service7, Daily Living Assistance, “The Healing Journey” Program and Early Assistance Benefit

This plan includes a unique combination of assistance services that can help you and your family better cope with the emotional stress and challenges of a critical illness:

  • Best Doctors Service: Offers access to health care resources, specialists and world renowned experts who will review your medical records to confirm your diagnosis.
  • Medical Confidence™ Service7: Receive faster access to care and treatment by appropriate physician specialists, a more accurate diagnosis, one-on-one support from a Registered Nurse and more.
  • Daily Living Assistance: Obtain information and resources to help you and your family manage day-to-day activities. This includes access to your very own care coach, a specially trained consultant who will work with you to develop a plan to help you manage day-to-day activities.
  • "The Healing Journey" Program: Receive support to help deal with the stress associated with a critical illness.
  • Early Assistance Benefit: Without reducing your critical illness benefit for future claims, you can receive 10% of your benefit (to a maximum of $50,000 and payable only once) if you are diagnosed with and satisfy the survival period for early prostate, breast or skin cancer or coronary angioplasty.

Who Can Apply?

  • Ages 18-50
  • Canadian citizens
  • Permanent residents/landed immigrants who have been in Canada over 12 months
  • Have not been diagnosed with or treated for certain medical conditions

Note: If you are between age 51 and 65, you may apply for our Critical Illness Recovery Plan™.

What's Covered?

3

Provides a lump-sum benefit if you are diagnosed with any of the following covered critical illnesses or conditions and satisfy the survival period, as defined in the policy:

  • Cancer6
  • Heart attack
  • Stroke

This is the number of days you must survive, following the diagnosis of a covered critical illness, before a benefit is payable. The minimum survival period for all covered conditions under this plan is 30 days.

Once the policy is in effect (or reinstated) there is no coverage if you are diagnosed with cancer during the first 90 days. A diagnosis of cancer must be made 91 days or more after the effective date to be covered under the policy.

3

No benefit will be paid (including any riders), nor will premiums be refunded for any critical illness, death or other loss that results directly or indirectly, from any of the following:

  • Self-inflicted injury, attempted suicide or suicide
  • Intentional use of any drug, intoxicant, narcotic or poisonous substance4
  • Participation in war (whether such war is declared or undeclared) or hostile action of the armed forces of any country, insurrection or civil commotion
  • Attempt to commit or commission a crime, whether charged or not
  • Operation of any land, water or air conveyance which is moved or operated by any means other than muscular power, while the insured's concentration of alcohol in 100 millilitres of blood exceeds 80 milligrams or while the insured is under the influence of any drug, intoxicant, narcotic or poisonous substance4

About Your Premiums

  • 10-year term policy, renewable to age 65
  • Premiums are scheduled to change every 10 years
  • Plan benefits can't be changed, but premiums may be subject to change (we cannot change the premium unless we do so for an entire group of policyholders sharing similar characteristics)

The information above is intended as a summary only. Your policy will contain complete details on terms and conditions, including benefits and exclusions.

Critical Illness Insurance Tools

Critical Illness Insurance FAQs

Find answers to your questions about our critical illness insurance plans.

Critical illness insurance pays a lump-sum benefit that you can use any way you wish when you are diagnosed with a covered critical illness and satisfy the survival period, as defined in the policy.

In addition, our critical illness insurance provides a range of additional benefits and assistance services to help you and your family find the best medical care, meet every day needs and cope with the stresses of a critical illness.

You are eligible to apply if you:

You will pay premiums until you reach age 65 or 75, depending on the policy you purchase. It is possible premiums could increase, depending on the type of policy you purchase.

Possibly, yes. Depending on your age, the plan you choose, and the coverage amount you are applying for, you may need to complete a telephone interview and medical exams, as well as provide certain medical documentation.

The plan you choose determines the critical illnesses and conditions that are covered.

The survival period is the number of days you must survive, following the diagnosis of a covered critical illness, before a benefit is payable. The minimum survival period for most covered conditions is 30 days, although some covered conditions require a longer period before benefits are payable. For complete details, please see a sample policy.

There can be a difference in the number of days that need to pass before a person is considered to be “critically ill” according to the definition in the policy. For example, in the case of coma, you must have been in a state of uninterrupted unconsciousness for at least 96 hours in order to meet the policy definition, and must then wait for the 30-day survival period to pass before being able to qualify for benefits.

No, as you are not considered to be alive (as defined in the policy) while receiving nutritional, respiratory and/or cardiovascular life support.

For benefits to be payable, you must have the Return of Premium on Death rider. If you have this rider and die during the survival period or from a condition or event not defined in the policy as a critical illness, we will pay a Return of Premium on Death benefit to you or your estate as long as the coverage is in force and there is no critical illness benefit payable or pending. The benefit is equal to the sum of all premiums paid for the policy. If death is a result of any of the exclusions listed in the policy, no benefit is payable.

The 90-day waiting period for cancer means that once the policy is in effect (or reinstated) there is no coverage if you are diagnosed with cancer during the first 90 days. A diagnosis of cancer must be made 91 days or more after the effective date to be covered under the policy.

If you are diagnosed with cancer during the first 90 days after the effective date or reinstatement date of coverage, the policy will have a permanent exclusion for any future cancer claims but your policy can remain in force.

If you move from Canada, your coverage is portable, provided you were a resident of Canada at the time we issued your policy.

If you develop a critical illness while you are living outside Canada, please call us at 1-888-604-3434 (Monday to Friday, 8am-6pm, ET) for details regarding the conditions under which a benefit would be payable. When reviewing your claim, we will determine whether the diagnosis and treatment were within Canadian standards.

Our policies include an Early Assistance benefit that is equal to 10% of the critical illness benefit you purchased, to a maximum of $50,000. Payments made under the Early Assistance benefit have no effect on your critical illness benefit. Your policy will continue in force for any future claim you may make, provided that you continue to pay premiums in accordance with the terms of your policy.

1)
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.
2)
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.
3)
This information is intended as a summary only. Your policy will contain complete details on terms and conditions, including benefits and exclusions.
4)
Except as prescribed by a physician or as directed by the manufacturer in the case of non-prescribed medication.
5)
Munich Reinsurance Company, 2006 Critical Illness Survey.
6)
Cancer is defined as the definite diagnosis of a tumour characterized by the uncontrolled growth and spread of malignant cells and the invasion of tissue. The diagnosis of Cancer must be made by a specialist. Exclusion: No critical illness benefit will be payable under Cancer for: carcinoma in situ; Stage 1A malignant melanoma (melanoma less than or equal to one millimetre (1.0 mm) in thickness, not ulcerated and without Clark level IV or level V invasion); any non-melanoma skin cancer that has not metastasized; or Stage A (T1a or T1b) prostate cancer.
7)
Certain conditions apply
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