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Benefits of Personal Accident Insurance

The flexible, affordable and convenient way to help protect the ones you love(1).

Easy Qualification

Personal accident insurance can be an ideal alternative if you are unable to qualify for other types of life insurance.

Affordable

Premiums for personal accident insurance are typically lower than for other types of life insurance.

Tax-Free Benefit

Your beneficiaries will receive a tax-free death benefit if you pass away due to a covered accident.3

Plan Details

Personal Accident Protection Plan

If you’re an RBC® customer, Personal accident insurance can help cover day-to-day expenses and help your loved ones maintain their standard of living, should a fatal accident happen to you or your spouse.

Highlights

  • Coverage Available: $25,000 to $250,000
  • Affordable: Premiums start as low as $2.75 per month
  • Convenient: No medical or physical exam is required
  • Risk-free: If you change your mind within 30 days, cancel for a full refund
  • Inflation Adjustment: Coverage amount can increase by 5% every two years2

Easy to apply: Acceptance is guaranteed if you’re an RBC customer, age 18 to age 69, and a Canadian resident

The Right Choice If You

  • Want to supplement existing life insurance
  • Don't qualify for other types of life insurance
  • Work in a high-risk occupation

  • Are currently a customer of any RBC company
  • Are from age 18 to age 69
  • Are a Canadian resident

You may also enrol you spouse or partner (if you have been living with your partner for at least one year) for family coverage if he or she is from age 18 to age 69.

What's Covered?

Your policy covers you (and your spouse, if you purchase family coverage) until age 80 for:

If you die within one year, directly as a result of injuries caused by an accident only (other than an air travel accident), we will pay the Accidental Death benefit to your beneficiary or estate.

If you die within one year, directly as a result of injuries caused by an air travel accident only, we will pay:

  • The Accidental Death benefit if you are a fare-paying passenger on a regularly scheduled commercial airline flight
  • 50% of the Accidental Death benefit if you are a pilot, crewmember, or non-fare paying passenger on a regularly scheduled commercial airline flight

With family coverage only, you also receive additional coverage until age 80 for:

If we have paid the Accidental Death benefit and you have children under age 16 who need child care, we will pay up to 2% of the Accidental Death benefit (to a maximum of $2,000 each year for up to five years) for that care. The benefit is paid to your spouse or your child's guardian.

If we have paid the Accidental Death benefit and you have children under age 23 who will attend an accredited post-secondary institution full-time within one year of your accident, we will pay 5% of the Accidental Death benefit (to a maximum of $5,000 each year for up to five years), while your children are in school.

If we have paid the Accidental Death benefit, we will pay an amount equal to 5% of the Accidental Death benefit (to a maximum of $5,000 each year for up to three years) for upgrading your spouse's job skills. Your spouse must be taking courses within 12 months of the date of death.

4

If you or your spouse are over age 70 and die within one year directly as a result of injuries caused by an accident, we will pay 50% of the Accidental Death benefit. In addition, we will not pay benefits if you or your spouse's death results from:

  • Intentional self-injury, suicide or attempted suicide (whether sane or insane)
  • Committing or attempting to commit a criminal act
  • Alcohol, narcotics or drugs
  • Natural causes; illness or disease
  • Having medical treatment or surgery, except if the medical treatment or surgery was needed because of an accident
  • War or act of war, declared or undeclared; civil unrest or riot
  • Use (or threat of use) of biological, chemical or nuclear weapons and/or devices
  • Riding or driving as a professional in any kind of race for prize money or profit
  • Participating in dangerous sports such as scuba diving, bungee jumping, sky diving or parachuting
  • An air travel accident, except if you or your spouse were a paying passenger on a regularly scheduled commercial airline flight

To be eligible for benefits, coverage must have been in effect both at the time of the accident and at the time of death.

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

About Your Premiums

View the chart below to choose the insurance benefit that’s right for you. Your payments will not increase with age, however, it is possible for group rates to change in the future.

Monthly Premium Payment
(without Tax)
Benefit Amount You You and Your Spouse
$25,000 $2.75 $4.25
$50,000 $4.75 $8.25
$75,000 $7.25 $12.25
$100,000 $9.50 $16.00
$125,000 $12.00 $20.00
$150,000 $14.25 $23.75
$175,000 $16.50 $28.00
$200,000 $18.75 $31.75
$225,000 $21.00 $35.50
$250,000 $23.25 $39.25

Note: If you enrol for complimentary coverage, there is no cost to you—now or in the future.

Personal Accident Life Insurance FAQs

Find answers to your questions about our personal accident life insurance product.

The answer to this question depends on several factors, including your salary, whether you have other life insurance, your financial obligations and more. Generally, 5-7 times your current net income is recommended. However, your specific needs could be less than or greater than this recommendation.

If you smoke, you may still apply for coverage. You will qualify for non-smoker rates only if you have not used any form of tobacco products within the last 12 months. If you occasionally smoke or if you have quit smoking in the last 12 months, you are considered a smoker.

Once the policy is issued, you can apply for a change to non-smoker rates if you have gone a full 12-month period without using any form of tobacco products. Contact us and apply for a switch to non-smoker rates. You will have to complete a medical questionnaire and we will send out a nurse to collect some medical evidence, most likely a urinalysis. Once our underwriters have approved your application and your eligibility is confirmed, you will be switched to non-smoker rates. 

You are eligible to enrol for coverage if you are:

  • A current customer of any RBC® company, and
  • Age 18 to age 69, and
  • A Canadian resident

You may also enrol your spouse or partner (if you have been living with your partner for at least one year) for family coverage if he or she is from age 18 to age 69.

As long as you've been living with your partner for at least one year and he or she is from age 18 to age 69, you can purchase family coverage to protect both yourself and your partner.

Your payments will not increase with age. While it is possible for the group rates to change, you alone will not be targeted for an increase. If the rates do change, we will provide you with a 60-day notice.

To enrol in the Personal Accident Protection plan, you can:

Yes. You can cancel at any time by calling us at 1-800-845-9750.

No, acceptance is guaranteed as long as you meet the eligibility requirements. You will not have to answer any health questions either.

Once we process your enrolment form you will receive a Certificate of Insurance in the mail, which will state your coverage effective date.

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

RBC Life Insurance Company is the underwriter and insurer. Personal Accident Protection is a group policy issued to the Royal Bank of Canada.

RBC Life Insurance Company is the underwriter and insurer. Personal Accident Protection is a group policy issued to the Royal Bank of Canada.
1)
You are eligible to enrol for personal accident insurance if you are a current customer of any RBC company, if are from age 18 to age 69, and a Canadian resident.
2)
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.
3)
Note that probate fees are applicable if you have not designated a beneficiary and the proceeds of your policy become part of your estate.
4)
The information above is intended as a summary only. Please see a sample Certificate of Insurance for complete coverage exclusions.