The flexible, affordable and convenient way to help protect the ones you love(1).
Personal accident insurance can be an ideal alternative if you are unable to qualify for other types of life insurance.
Premiums for personal accident insurance are typically lower than for other types of life insurance.
Your beneficiaries will receive a tax-free death benefit if you pass away due to a covered accident.3
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.
Easy to apply: Acceptance is guaranteed if you’re an RBC customer, age 18 to age 69, and 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.
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:
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.
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:
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.
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
|Benefit Amount||You||You and Your Spouse|
Note: If you enrol for complimentary coverage, there is no cost to you—now or in the future.
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:
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.
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:
RBC Life Insurance Company is the underwriter and insurer. Personal Accident Protection is a group policy issued to the Royal Bank of Canada.