Explanation of Canadian Insurance Types
Refer to the following for an explanation about the types of Canadian insurance we offer. If you have any questions please feel free to contact us.
- Individual Health Insurance
- Group Insurance (Employee Benefits)
- Travel Medical Insurance
- Visitors to Canada Benefits (Note: VTC is used for returning Canadian expatriates).
- Disability Insurance
- Critical Illness Benefits
Individual health insurance is also known as personal, or family, health insurance. It supplements your provincial health care coverage, and may or may not provide extended dental care.
Individual health insurance is for single people, families and couples.
Note: if you are covered under an employee benefit plan from work then you probably do not need to purchase personal health insurance. However, it is possible to increase your group insurance coverage by buying personal health insurance, disability insurance, critical illness, life insurance, etc.
Group insurance, often referred to as employee benefits, is purchased by companies, which then offer their employees these benefits.
The type of coverage varies, depending on the insurance carrier and plan type. Typcially group insurance has extended health benefits, some life insurance, possibly long term disability and extended dental benefits.
Note: if you are covered under an employee benefit plan you have the option of augmenting your coverage by buying personal health insurance, disability insurance, critical illness, life insurance, etc.
- Get Group Quotes -
Travel medical insurance provides protection for people travelling in case of a sudden accident or illness.
We provide travel medical insurance for Canadians as well as non-Canadians travelling abroad.
Visitors to Canada benefits applies to the following people:
- Canadian expatriates.
- Landed immigrants, foreign students and workers.
- Anybody else who is just visiting Canada.
Disability insurance pays a monthly income to the policyholder when that person is not able to work because of an illness or accident.
Disability may be included as part of an employee benefits package, but can also be purchased as a stand-alone product.
People often purchase disability insurance to augment their existing coverage.
- Get DI Quotes -
Critical illness insurance provides financial protection when a person is diagnosed with a "critical" illness.
Unlike disability insurance critical illness insurance benefits will be paid regardless of the ability to go back to work, and the benefit is paid in one lump sum. Note, however, that a person must survive a critical illness for a set period of time (usually 30 days) before receiving benefits.
It is important to note that each insurance company covers different conditions, and their critical illness definitions are all different. We highly recommend that you contact us for further information.
- Get CI Quotes -