Critical Illness

The Coverage to Protect You Against Critical Illnesses

Healthcare has improved, thanks to technology but with the improvement comes an increase in the cost of healthcare. You can spend through your nose for healthcare if you are diagnosed with a life-threatening illness, you surely don’t want that, do you? Luckily for you, CAA provides a robust critical illness insurance that can protect you when diagnosed with a covered condition. If diagnosed with stroke, heart attack, cancer or undergo coronary bypass or aortic surgery, the plan will pay you a one-time lump sum benefit that can be used to cater to your condition. Furthermore, if you are resident in Canada and between the ages of 18 and 65 (both inclusive), this plan is designed for you.

Features and Benefits

The critical illness insurance offers various coverage amounts, depending on the insured’s age. For instance, it offers $25,000 (for insured age 18-65), $50,000 (for insured aged 18-60), and $75,000 (for insured aged 18-55). Also, you don’t even need a medical exam or question to apply for the plan, you only have to make a simple health declaration.

  • If you are resident in Canada and between ages 18 and 65 (both inclusive), this plan is for you.
  • The coverage amount for this plan is $25,000 (for insured age 18-65), $50,000 (for insured aged 18-60), and $75,000 (for insured aged 18-55).
  • No medical exam or medical question is required to apply for this plan. You just need a simple health declaration.
  • A tax-free lump sum benefit will be paid to you when diagnosed with any of the covered condition.
  • Five of the common critical illnesses are covered in this plan, namely, stroke, life-threatening cancer, aortic surgery, coronary bypass surgery, and heart attack.
  • The plan also offers guaranteed renewal up to age 75.
  • The insurance rates in this plan are locked-in for 5 years.
  • It also includes an optional add-on for the return of premium

 

 

Additional resources

Learn more about your health insurance options from these informative articles.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

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