See how the conditions a CI policy covers, the survival period, and optional riders shape the tax-free lump sum you'd receive, and what it costs.
Conditions this policy would cover
Big-4 condition Covered at this tier Not covered
How this works. Critical illness insurance pays a one-time, tax-free lump sum if you're
diagnosed with a covered condition and survive a set waiting period. Basic plans cover three or four
conditions (the "Big 4" of heart attack, stroke, cancer and coronary bypass surgery), while comprehensive
plans reach 20 or more. Covering more conditions raises the insurer's risk, so premiums rise with the tier
you choose. A claim can only be honoured after the 30-day qualification period plus the survival period, and
the policy normally ends once a claim is paid.
Educational illustration of standard Canadian insurance concepts. Figures are illustrative, not an insurer’s rates.
Illustration only, not a quote or advice. Figures are simplified for education and do not
reflect any specific insurer's rates. Consult a licensed advisor.