Critical Illness & Disability Insurance

• Elimination period – The waiting period before benefits begin (ranges from 0 to 120 days)
• Benefit period – The duration for which benefits will be paid
• Coverage options – Injury-only, illness-only, or both

Policies provide a monthly payout based on the coverage selected at the time of application.

• Short-term disability insurance covers temporary illnesses or injuries for a limited period
• Long-term disability insurance provides coverage for 5 years, 10 years, or until age 65

Most policies cover major conditions such as heart attack, cancer, and stroke, with some extending coverage to up to 25 serious illnesses. '

Some policies require a 30-day survival period before the payout is made.

Critical Illness insurance typically covers a wide range of life-threatening conditions. For more details consult with our advisor.

Health insurance generally covers medical and hospital-related expenses. However, it may not cover your regular living expenses if you're unable to work due to a serious illness. Critical Illness insurance provides a one-time, lump-sum payment that you can use however you choose.

No. If you are diagnosed with a covered critical illness, the lump-sum benefit paid out under your Critical Illness insurance policy is tax-free in Canada.

Yes, you may still be eligible for coverage. Our licensed advisors can help find the best options based on your health history.

You can opt for a Return of Premium feature with some Critical Illness policies. This means if you never make a claim, you may receive all or a portion of your premiums back at the end of the policy term.

Yes, and here’s why: Most employer-provided disability insurance plans focus on injuries and provide monthly income based on your salary. In contrast, Critical Illness insurance pays a tax-free lump sum, regardless of your income or employment status.