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London Life Health Insurance Plan

Learn about London Life Health Insurance Plan

London Life is a subsidiary of Great-West Lifeco, a member of the Power Financial Corporation group of companies, founded in 1874. Other subsidiaries of Great-West Lifeco include Great-West Life Assurance, Canada Life Financial, Great-West Life & Annuity Insurance Co. and Putnam Investments. London Life has more than 13 million Canadian customers, has paid over $9.1 billion benefits and has up to $100 billion in retirement and investment holdings for Canadians. It has 12 subsidiary companies including Quadrus Distribution Services Ltd., KAB Properties Inc., London Life Financial Corporation, Toronto College Park Ltd., to mention a few.

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What Does London Life Group Benefit Cover?

Great-West Life, the parent company of London Life, is the leading provider of group benefits in Canada. The group plan offers secure online tools for plan administrators and their employees, flexible coverage levels, and effective cost containment measures. The group benefit coverages include the following:

  • Health care benefits.
  • Dental care benefits.
  • Wellness and disability programs.
  • Solutions for small business.
  • AD&D benefits, and
  • Specialty benefits.

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What are the Different Health Insurance Plans Offered by London Life

London Life offers health plans and benefits for both individuals and groups. The individual health and dental insurance include Sonata Health, which provides health and dental benefit plans for individuals looking for insurance coverage for themselves and their families. It also provides PlanDirect for those retiring or leaving their jobs.

The health plans and benefits available in the group coverage include:

  • Prescription drug coverage,
  • Critical illness insurance,
  • Healthcare spending accounts,
  • Emergency travel medical coverage, and
  • The health & wellness site.

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News about London Life

Great-West Lifeco, the parent company of London Life, resolved to cut 13% of its employees due to the changing technology and customer expectation. As a result, Great-West Lifeco is set to eliminate 1,500 jobs throughout Canada out of its 12,000 employees from 2017 to 2019.

London Life, being a subsidiary of Great-West Lifeco will have a fair share in the cut; the Forest City based company will experience about 430 jobs cut over the two years interval. However, the London Mayor, Matt Brown, has assured the residents that would be affected by the job cut that the city has their strong support.

London Life Insurance FAQ

What kind of projects qualify for support?

Great-West Lifeco supports several projects. The projects that qualify for support include arts, education, health and wellness, community development, and social services.

What kind of projects or activities doesn’t qualify for support?

Projects that do not qualify for support include individuals and individual pursuits, for-profit enterprises, projects outside Canada, student organizations, conferences, professional or technical associations, endowments, political campaigns, and so forth.

How do I connect with an advisor?

Click on “Connect with an advisor” in the main menu of the London Life website. Complete the form and click Continue.

What is the difference between RRSP and TFSA?

An RRSP is a Registered Retirement Savings Plan. You can contribute to this plan until you turn 71. However, TFSA is a tax-free savings program. You can contribute to this plan at age 18 or older.

How do I make a claim?

The group coverage provides several claims forms depending on the insurance plan you opt for. There are standard claim forms, out-of-country claim forms, group critical illness claim forms, health solutions plus claim form, and so forth. However, you can easily submit your healthcare claims through GroupNet.

To submit your individual claims, download and complete the appropriate claim form and send it by mail to the address provided on the form. Make sure you provide all the information required on the form to avoid delays. Ensure you include your policy number for any of the claims you want to make on every claim forms whether Sonata Health, PlanDirect or Prelude.

How do I get direct deposits for my claims?

You can sign up with eClaims to get direct deposits for your claims. The processes are simple. Firstly, log in and then choose Online Claim. Make sure you add your banking information to Your Profile tab.

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