Skip to main content

Benefits of Hospital Insurance

icon

Tax-Free Benefit

Use the tax-free cash benefit any way you wish—for example, for a private or semi-private room, in-home care, daycare for your kids and more.

icon

Help Fills Coverage Gap

Government and employer health plans may pay for only some costs associated with being hospitalized—and less (if any) of your recovery costs.

icon

Easy to Qualify

Acceptance is guaranteed if you are a customer of any RBC company, between age 18-70 and a Canadian resident. No medical exam is required.

Types of Hospital Insurance

Affordable coverage in case you're hospitalized due to an accident

The Royal RecoverAssist® Basic Coverage plan provides a tax-free benefit that you can use any way you wish.1 Plus, your first month of coverage is on us!2

Ideal if You

  • Want to fill the gap left by your government or employer-sponsored health plan
  • Want coverage for accidents only (and not illness)

Highlights

  • Tax-Free Benefit: Choice of $100, $150 or $200 per day of hospitalization due to an accident
  • Flexible: Use benefit for anything you want—hospitalization costs, medications, in-home care, transportation, childcare and more
  • Lump-Sum Payment: Additional tax-free lump-sum payment equal to the total value of your daily benefits during hospitalization
  • Spousal Coverage: Option to enrol your spouse/common-law partner

Who Can Enrol?

Your acceptance is guaranteed if you are:

  • A customer of any RBC® company
  • Ages 18-69
  • A Canadian resident

You may enrol your spouse/partner if he or she is between age 18 and 74. (You must have been living with your partner for at least one year.)

What's Covered?

Provides a tax-free daily benefit to you or your spouse for hospitalization resulting from an accident. You would also receive a lump-sum payment equal to the total value of your daily benefits during hospitalization.

For example, if you are hospitalized for five days, you could receive up to $200 per day, plus a lump-sum payment of $1,000. Your total payment would be $2,000, tax-free.

  • Maximum length of coverage: 365 days per condition
  • Maximum possible benefit amount: $146,000

3

Basic Coverage does not provide a tax-free benefit for hospitalization due to any of the following:

  • Suicide
  • War
  • Intoxication
  • Drugs/poison (voluntary ingestion)
  • Drug or alcohol addiction
  • Criminal offence
  • High-risk activities (scuba diving, skydiving, parachuting, rock or mountain climbing)
  • Cosmetic surgery (unless it is due to an accidental injury)

Basic Coverage also does not provide a tax-free benefit for hospitalization due to illness. (Enhanced Coverage provides a tax-free benefit for hospitalization due to illness or accident.)

About Your Premiums

Daily Benefit Monthly Premium
$100 $6.25
$150 $9.40
$200 $12.50

Daily Benefit (each) Monthly Premium
$100 $11.20
$150 $16.85
$200 $22.40

Affordable coverage in case you're hospitalized due to an accident or illness4

The Royal RecoverAssist® Enhanced Coverage plan provides a tax-free benefit that you can use any way you wish.5 Plus, your first month of coverage is on us!2

Ideal if You

  • Want to fill the gap left by your government or employer-sponsored health plan
  • Want coverage for accidents and illness

Highlights

  • Tax-Free Benefit: Up to $200 per day of hospitalization due to an accident or illness4 (benefit amount depends on your age and whether you smoke)
  • Flexible: Use benefit for anything you want—hospitalization costs, medications, in-home care, transportation, childcare and more
  • Spousal Coverage: Option to enrol your spouse/common-law partner

Who Can Enrol?

Your acceptance is guaranteed if you are:

  • A customer of any RBC® company
  • Ages 18-70
  • A Canadian resident

You may enrol your spouse/partner if he or she is between age 18 and 74. (You must have been living with your partner for at least one year.)

What's Covered?

Provides a tax-free daily benefit to you or your spouse for hospitalization resulting from an accident or illness.

  • Maximum length of coverage: 365 days per condition
  • Maximum possible benefit amount: $73,000

There is an elimination period of 3 days before benefits are paid if you are hospitalized as a result of illness. This means that if you are hospitalized as a result of illness for 3 days or less, no benefit will be paid.

3

Enhanced Coverage does not provide a tax-free benefit for hospitalization due to any of the following:

  • Suicide
  • War
  • Intoxication
  • Drugs/poison (voluntary ingestion)
  • Drug or alcohol addiction
  • Criminal offence
  • High-risk activities (scuba diving, skydiving, parachuting, rock or mountain climbing)
  • Cosmetic surgery (unless it is due to an accidental injury)
  • Pre-existing condition or sickness—a condition or sickness for which the insured person visited or consulted a doctor, had tests done or received treatment during the 12 months immediately preceding the effective date of coverage or at any time when this coverage was not in force because it had lapsed. Any pre-existing condition or sickness will be covered after this coverage has been in force continuously for two years immediately prior to the date of hospitalization
  • Mental or nervous disorder
  • Normal pregnancy or childbirth

About Your Premiums

To view premiums, choose what your age range will be when you enrol for coverage:

Note: If you insure both yourself and your spouse and you both become eligible for benefits, you would each receive the daily benefit for which you are eligible, based on smoking status. For example, under Coverage Level 3, if you smoke, but your spouse does not smoke, you would receive a daily benefit of $160 and your spouse would receive a daily benefit of $200—the higher benefit amount for non-smokers.

Coverage Level 1
Insured Daily Benefit Total Monthly Premium
Smoker Non-Smoker
You $80 $100 $9.95
You & Your Spouse $80 $100 $18.90
Coverage Level 2
Insured Daily Benefit Total Monthly Premium
Smoker Non-Smoker
You $120 $150 $14.95
You & Your Spouse $120 $150 $28.40
Coverage Level 3
Insured Daily Benefit Total Monthly Premium
Smoker Non-Smoker
You $160 $200 $19.90
You & Your Spouse $160 $200 $37.80

Note: If you insure both yourself and your spouse and you both become eligible for benefits, you would each receive the daily benefit for which you are eligible, based on smoking status. For example, under Coverage Level 3. If you smoke, but your spouse does not smoke, you would receive a daily benefit of $160 and your spouse would receive a daily benefit of $200—the higher benefit amount for non-smokers:

Coverage Level 1
Insured Daily Benefit Total Monthly Premium
Smoker Non-Smoker
You $80 $100 $16.25
You & Your Spouse $80 $100 $30.65
Coverage Level 2
Insured Daily Benefit Total Monthly Premium
Smoker Non-Smoker
You $120 $150 $24.40
You & Your Spouse $120 $150 $46.00
Coverage Level 3
Insured Daily Benefit Total Monthly Premium
Smoker Non-Smoker
You $160 $200 $32.50
You & Your Spouse $160 $200 $61.30

Note: If you insure both yourself and your spouse and you both become eligible for benefits, you would each receive the daily benefit for which you are eligible, based on smoking status. For example, under Coverage Level 3, if you smoke, but your spouse does not smoke, you would receive a daily benefit of $80 and your spouse would receive a daily benefit of $100—the higher benefit amount for non-smokers.

Coverage Level 1
Insured Daily Benefit Total Monthly Premium
Smoker Non-Smoker
You $40 $50 $16.25
You & Your Spouse $40 $50 $30.65
Coverage Level 2
Insured Daily Benefit Total Monthly Premium
Smoker Non-Smoker
You $60 $75 $24.40
You & Your Spouse $60 $75 $46.00
Coverage Level 3
Insured Daily Benefit Total Monthly Premium
Smoker Non-Smoker
You $80 $100 $32.50
You & Your Spouse $80 $100 $61.30

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

Hospital Insurance FAQs

Find answers to your questions about our hospital insurance plans.

You can enrol by calling 1-888-659-0199 or from Quebec 1-888-659-0099. This plan is not available through RBC Royal Bank® branches.

There are no medical questions or exams to take. If you are eligible to enrol, you’re guaranteed to be accepted.

  Basic Coverage Enhanced Coverage
Coverage for Hospitalization for accidents only Hospitalization for accidents or illnesses
Daily benefit Up to $200 per day Up to $200 per day
Lump-sum benefit Yes, equal to the total value of your daily benefits while you are hospitalized None
Maximum benefit amount $146,000 $73,000

The money is yours to use any way you wish. You can use it to help with your recovery, pay unexpected bills, replace lost income or meet other expenses.

Your benefit amount will depend on several factors:

  • The coverage you purchased (Basic or Enhanced)
  • Your age when you enrolled (Enhanced Coverage)
  • Your smoking status (Enhanced Coverage)
  • The length of your hospital stay (up to 365 days per condition)

The maximum possible Basic Coverage benefit amount is $146,000. The maximum possible Enhanced Coverage benefit amount is $73,000.

Under Enhanced Coverage, the benefit payment is reduced by 20% for smokers. However, if you enrol as a smoker but file a claim after you’ve quit smoking, you’ll receive the larger benefit. (When you submit your claim, you will need to disclose whether you are currently a smoker or a non-smoker.)

You can receive benefits for a hospital stay of up to 365 days.

In the event of death, your estate will receive the coverage benefits.

Yes, you’re covered anywhere in the world. However, this insurance is NOT a substitute for travel insurance.

After we process your enrolment form, you will receive a Certificate of Insurance. You will find your coverage effective date on this certificate.

Your coverage can end one of several ways:

  • When you reach age 75
  • When you stop paying your premium
  • When you are no longer eligible
  • When you notify RBC Insurance that you want to terminate your coverage

Note: When your coverage ends, coverage for your spouse also ends.

Yes, you can cancel at any time by calling us at 1-888-659-0199.

You may enrol for 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/partner if he or she is between 18 and 74. (If you've been living with your partner for at least one year, he or she can enrol for coverage under your plan.)

No, your payments will not increase with age. With Enhanced Coverage, your rates and benefits are based on your age at the time you enrol, so you’ll get the best premium when you’re in a younger age range.

1)
Acceptance is guaranteed if you meet the following conditions: You are a current customer of any RBC® company, you are between the ages of 18 and 69, and you are a Canadian resident. You may also enrol your spouse if he or she is between the ages of 18 and 74.
2)
RBC Insurance® will pay your first month's premium.
3)
Complete information on exclusions is contained in the Certificate of Insurance. This information is intended as a summary only. Please see a sample Certificate of Insurance for complete details on terms and conditions, including benefits and exclusions.
4)
There is an elimination period of 3 days before benefits are paid if you are hospitalized as a result of illness. This means that if you are hospitalized as a result of illness for 3 days or less, no benefit will be paid.
5)
Acceptance is guaranteed if you meet the following conditions: You are a current customer of any RBC® company, you are between the ages of 18 and 70, and you are a Canadian resident. You may also enrol your spouse if he or she is between the ages of 18 and 74.