Best critical illness insurance in 2025: Get free quotes
Watch out!
Kindly use the filter below to select your province of residence.
- 4 additional guarantees
- Supplementary protection
- Expert medical assistance services
- 4 additional guarantees
- Supplementary protection
- Expert medical assistance services
Beneva offers a robust critical illness insurance solution with coverage amounts reaching up to $2 million, positioning it among the more generous options on the Canadian market. The plan includes two distinct coverage options, allowing applicants some flexibility depending on their medical and financial priorities. A key highlight is the inclusion of a test period with no obligation, which allows potential clients to evaluate the product without immediate commitment. Additional perks include four supplementary guarantees, expert medical assistance services, and extended protection benefits — features that enhance the value and practicality of the coverage. This blend of flexibility, high coverage limits, and support services makes Beneva a comprehensive and competitive option.
Ideal profile: This product suits self-employed professionals, contractors, or business owners who may lack employer-sponsored benefits and seek significant financial cushioning in case of serious illness. It’s also well-aligned for higher-income individuals or families with financial dependents, given the high coverage ceiling and added support services.
- High coverage amount up to $2 million
- Flexible options with two types of coverage
- No-obligation test period
- Includes valuable supplementary benefits and expert medical support
- Limited information on exact illnesses covered or exclusions
- May be costlier compared to basic critical illness plans
- Two options may be less comprehensive than multi-tiered competitors with broader illness lists
- Access to Teladoc medical experts
- Option to subscribe to insurance for your children or grandchildren
- Perfect option to protect your financial plan
- Access to Teladoc medical experts
- Option to subscribe to insurance for your children or grandchildren
- Perfect option to protect your financial plan
Sun Life delivers a comprehensive critical illness insurance product with a top-tier coverage amount of up to $3 million — one of the highest available in Canada. It covers up to 26 critical illnesses, offering extensive protection for a wide range of serious health conditions. The plan comes with a 30-day test period free of obligation, which is notably longer than many competitors, providing added reassurance before committing. Sun Life enhances its offering with value-added services like access to Teladoc medical experts and the possibility to extend coverage to children or grandchildren, which is a rare and thoughtful inclusion. Its design makes it especially attractive for those who view insurance as a cornerstone of long-term financial planning.
Ideal profile: This insurance suits high-income earners, entrepreneurs, and professionals with dependents or complex financial commitments who want strong coverage and expert medical support. It’s also ideal for families interested in multigenerational protection, thanks to its child/grandchild subscription option.
- Exceptionally high coverage up to $3 million
- Wide coverage: up to 26 critical illnesses
- Long 30-day test period with no obligation
- Access to Teladoc expert medical services
- Flexible options to cover children or grandchildren
- Premiums likely to be on the higher end due to broad coverage and high payout
- Less suited to those seeking basic or budget-friendly coverage
- No mention of included supplementary benefits beyond medical access
- Several optional protections available
- Ideal solution for an employee or self-employed worker
- Unlimited access to MediGuide's second medical opinion service
- Several optional protections available
- Ideal solution for an employee or self-employed worker
- Unlimited access to MediGuide's second medical opinion service
iA offers a high-coverage critical illness insurance solution under its Transition plan, with protection up to $3 million and two customizable coverage options. The plan provides a 30-day trial period with no obligation, aligning with industry best practices for flexibility and client assurance. While it doesn't specify how many illnesses are covered, it distinguishes itself with access to MediGuide’s second medical opinion service — an invaluable tool for navigating complex diagnoses. The availability of several optional protections further allows tailoring the policy to personal and professional circumstances, especially relevant in today’s evolving work landscape.
Ideal profile: This product fits both salaried employees and self-employed professionals who seek customizable, high-limit coverage with an emphasis on second-opinion medical services. It’s particularly suited to those who value flexibility and medical support during health uncertainties.
- Coverage up to $3 million, among the highest on the market
- 30-day no-obligation test period
- Flexible structure with two plan options and optional add-ons
- Access to MediGuide’s second medical opinion services
- Targeted toward both employees and freelancers
- No clear detail on number or types of illnesses covered
- May require add-ons for comprehensive protection
- Get approved and covered in 20 minutes
- 27 critical illnesses and 17 early-stage conditions covered
- Extensive coverage for early-stage cancers and cardiac illnesses
- Get approved and covered in 20 minutes
- 27 critical illnesses and 17 early-stage conditions covered
- Extensive coverage for early-stage cancers and cardiac illnesses
PolicyMe stands out in the critical illness market by blending accessibility, clarity, and efficiency into its offering. It covers up to 44 illnesses — 27 critical and 17 early-stage conditions — which is one of the most comprehensive illness lists among digital-first insurers. Although the maximum coverage amount is capped at $1 million, lower than many competitors, the policy’s design emphasizes speed and convenience, with approval possible in as little as 20 minutes. The plan includes a 30-day no-obligation trial and offers strong coverage for early-stage cancers and cardiac conditions, which are often neglected in standard policies. Its lump-sum, tax-free payout structure simplifies claims and enhances financial security during recovery.
Ideal profile: This plan is ideal for young professionals, digital-savvy individuals, and those seeking fast, straightforward protection without navigating complex underwriting. It also fits those with modest coverage needs who prioritize early detection benefits and quick enrollment.
- Fast approval process — coverage in as little as 20 minutes
- Extensive list of 44 covered illnesses, including early-stage conditions
- Strong focus on early-stage cancer and cardiac care
- 30-day free trial period
- Tax-free lump-sum payout
- Lower maximum coverage ($1 million) compared to competitors
- No optional riders or extended family coverage features mentioned
- Digital-first approach may lack personalized advisor support for complex needs
- Return of premium option without terminating the contract
- Premium waiver guarantee in case of total disability of the insured
- Free access to the Teladoc integrated medical experts' service
- Return of premium option without terminating the contract
- Premium waiver guarantee in case of total disability of the insured
- Free access to the Teladoc integrated medical experts' service
Humania offers a term-based critical illness insurance solution with flexible coverage that spans between 4 to 25 illnesses, allowing applicants to tailor the policy according to their needs and budget. The maximum payout amount is capped at $1 million, typical for mid-range coverage in the Canadian market. Policyholders benefit from a 30-day trial period and additional features such as a return of premium option — notably available without needing to cancel the policy — and a premium waiver in the case of total disability. One of the standout features is the integration of Teladoc medical expert services, which adds value in terms of accessibility to top-tier virtual care and second opinions.
Ideal profile: This product is well-suited for individuals seeking cost control and coverage flexibility — particularly those who want critical illness insurance that can adapt to changing health and financial needs. It’s also appealing to those who value optional refunds and support services without committing to a permanent plan.
- Flexible coverage with choice between 4 and 25 illnesses
- 30-day free trial with no obligation
- Return of premium option available without cancelling the contract
- Premium waiver in case of total disability
- Access to Teladoc’s expert medical services
- Lower coverage cap ($1 million) than premium plans
- Fewer illnesses covered compared to more comprehensive offerings
- Term structure may not suit those seeking lifelong or permanent protection
Facing a serious illness like a heart attack, stroke, or cancer not only affects your health but also impacts your family. Further, regular health insurance in Canada might not cover all the expenses for life-threatening illnesses, and the treatments can be quite expensive.
That's where critical illness insurance steps in. Giving you a lump sum of money, it covers immediate medical costs and helps you keep up with your lifestyle. If you're new to critical illness insurance, read on!
Our guide explains how critical illness insurance works, what it covers, its pros and cons, and the best plans in Canada. Use our free comparator to quickly compare the best providers, get free personalized quotes, and find the right plan for you right here.
Best Critical Illness Insurance Canada Plans
- Sun Life: Express and Comprehensive plans
- PolicyMe: Affordable plans with extensive coverage
- Manulife: Coverage for 5 or 24 illnesses.
- Canada Life: Coverage from $10,000 to $3 million
- Humania: Up to 37 conditions covered
- Empire Vie: Flexible payment schedules
- iA Financial: No medical exam policy options
- The Edge Benefits: Automatic benefit increase plans
What is critical illness insurance in Canada?
Many Canadians, especially the young and healthy, can't imagine being diagnosed with cancer or experiencing a heart attack or stroke. But sadly it isn't that infrequent. Further, even with an excellent health insurance plan, a critical illness can be a tremendous financial burden. That's where critical illness insurance becomes important.
Critical illness insurance provides additional coverage for medical emergencies including heart attacks, stroke, or cancer. Because these emergencies or illnesses often incur greater than average medical costs, these policies pay beneficiaries cash to cover where traditional health insurance may fall short.
These policies provide coverage if you experience a medical emergency like:
- Heart attack
- Stroke
- Cancer
- Coronary bypass
While Canadian healthcare covers many costs, expensive prescriptions, private specialists, and tests are often not included. Critical illness insurance payouts can be used on non-medical expenses related to the ailment, including transportation and family support.
Watch out!
Sadly, critical illnesses are not uncommon. According to the World Health Organization (WHO), an estimated 17.9 million people died from cardiovascular diseases in 2019. This represented 32% of all global deaths! 85% of these deaths were caused by a heart attack or stroke.
What is a critical illness?
A critical illness typically refers to a life-threatening or terminal illness. The most common are cancer, heart disease, and stroke. In high-income countries like Canada, these are consistently among the biggest killers.
Other illnesses considered critical by insurance companies include major organ failure, ALS, Multiple Sclerosis, severe burns, and more.
Good to know
What medical professionals and policy providers consider to be a critical illness is not always the same thing. If you are concerned about a specific illness, it is worth familiarizing yourself with your prospective policy before buying.
How does critical illness insurance work?
A critical illness can be very expensive to treat. Acute illness could require extensive care, specific medicine, or lifestyle changes. A good critical illness insurance policy can help you bridge the financial gap between your savings, your existing health care, and the sum needed for your care.
Should you qualify, the policy will provide a large, tax-free payout to cover care, transportation, and current expenses like your bills and mortgage.
You can use the benefit amount from a critical illness insurance policy to help cover medical bills associated with your diagnosis, including medical treatments not covered by a traditional health plan. Besides a payout, critical illness policies may provide other valuable help. They may cover access to leading medical experts and counseling services to help you deal with your diagnosis.
It can also help cover daily living expenses such as your mortgage, childcare costs, or groceries. If you require transportation to and from medical appointments, you can use your payout to cover those costs.
Critical illness insurance therefore exists so that when you are faced with serious illness, you do not have to stress about making sure bills are paid and your family is taken care of but can instead focus solely on your recovery.
What does critical illness insurance cover?
The list of illnesses that are eligible for critical illness insurance coverage ultimately varies from provider to provider, but some of the most common illnesses that would trigger a payout are:
- Heart attack
- Stroke
- Life-threatening cancer
- Coronary bypass
- Renal failure
- Paralysis
- Loss of a limb
But you may ask why not disability insurance? A major advantage of critical illness insurance vs disability insurance is that the money can be used towards a wide variety of expenses. These may include:
- Expensive medical services, treatments or specialists not covered by another policy.
- Counselling services
- Installing lifts and ramps at home
- Transportation expenses and retrofitting vehicles to make them accessible
- Daily living expenses with recovering from an illness.
What does a critical illness insurance Canada plan not cover?
Canadian critical illness insurance policies do not generally cover chronic conditions like diabetes, asthma, or multiple sclerosis. They also do not cover pre-existing conditions or conditions related to drug or alcohol use.
You will want to make sure you review your policy thoroughly to confirm what is covered and what is not covered.
If you want to compare the coverage of the best critical illness insurance plans in Canada, you can do it right here using our comparator below. Compare plans and get free personalized quotes in no time right here.
Find a critical illness insurance policy that's right for you
Is critical illness insurance worth it?
It is quite natural to wonder if critical illness insurance is worth it. For many people, the answer is a clear yes.
Canada critical illness insurance provides a financial lifeline if you do not have enough money to cover expenses if you fall ill. Even if you have a substantial financial cushion, do you want to eat away at your hard-earned savings on an illness?
This type of policy will provide a cash payment to help you concentrate on recovery rather than finances after a serious diagnosis. The money provided by the policy can pay for out-of-pocket health care costs related to the critical illness or cover household expenses while the insured recovers.
Why should you get critical illness insurance?
Here's an example if you're still wondering, "Is critical illness insurance worth it in Canada?" Betty is a theatre set designer living and working in Ontario. She's in her early 50s. One day at work she suffers a stroke. Recovery is long and difficult. Fortunately, she had a critical illness insurance policy for $250,000. The benefit comfortably covers her sessions with a team of world-class speech and physical therapists. It also allows her and her family to continue paying the mortgage and everyday bills while she recovers but is unable to work. 18 months later, fully recovered and financially whole, she makes her triumphant return to the Toronto theatre scene.
How much critical illness insurance do I need?
As a rule of thumb, experts in Canada recommend a minimum of 60 months of your take-home salary. This is the average amount of time it takes to recuperate from a serious illness. Using that rule, if your monthly take-home income is $3,000, you would want approximately $180,000 in coverage.
Determining how much critical illness insurance coverage you need depends on how much of a payout you would need if you were diagnosed with a covered illness.
Such expenses could include:
- Mortgage or rent payments
- General household expenses like electricity, gas, water, groceries
- Debts: Do you have loans, car payments, or credit card debt?
- Childcare or family commitments
Lastly, consider the medical expenses you could incur. You may face an illness that requires clinical trials or services not covered by your health insurance plan. You could, for example, even have to renovate your home to make it wheelchair accessible or hire an in-home nurse.
All of these things will factor into determining how much coverage you will need to make sure that all of your bases are covered.
Watch out!
You will want to consider how much money you would need to provide for your children and family if you could no longer work due to illness. Our critical illness insurance calculator can help you to estimate costs and find the right policy for you. Use our free comparator to get multiple free critical illness insurance quotes in no time.
What are the big 4 critical illnesses?
Some policies allow you to purchase a less-expensive plan limited to 4-conditional coverage. These cover:
- Life-threatening cancers
- Heart attacks
- Coronary artery bypass surgery
- Strokes
These conditions account for an overwhelming majority of claims. Companies offer basic policies that can save you money while offering significant protection against critical illness.
Good to know
Every insurer is different. For example, Blue Cross Critical Illness policies offer a basic 3 illness list covering stroke, heart attack, or cancer.
What qualifies as a critical illness?
Unfortunately, there is no hard and fast rule for what qualifies as a critical illness. Many providers offer a basic policy to cover 3 or 4 conditions and an enhanced policy covering 25 or more conditions.
Check your insurer or prospective policy carefully. The severity required to qualify for a critical illness and exact definitions and lists of illnesses are out of the scope of this article as they vary too greatly between insurers.
With that said, here is a list of critical illnesses that may appear on your company’s policy:
- Acquired brain injury due to external trauma
- Active hepatitis, AIDS, or AIDS-related disease
- Alzheimer's Disease
- Aortic surgery
- Aplastic anemia
- Autism
- Bacterial meningitis
- Benign brain tumour
- Blindness
- Cancer (life-threatening)
- Coma
- Coronary angioplasty
- Coronary artery bypass surgery
- Coronary surgery (coronary artery bypass)
- Cystic fibrosis
- Deafness
- Dementia
- Diabetes
- Dilated cardiomyopathy
- Fulminant viral hepatitis
- HIV infection
- Huntington's chorea
- Kidney failure
- Liver failure
- Loss of independence
- Loss of Limbs
- Loss of Speech
- Lou Gehrig's disease - amyotrophic lateral sclerosis (ALS)
- Major organ transplant
- Motor neuron disease
- Multiple sclerosis
- Muscular dystrophy
- Occupational HIV infection
- Paralysis
- Parkinson’s disease
- Permanent paralysis (paraplegia, quadriplegia)
- Primary pulmonary
- Progressive systemic
- Pulmonary fibrosis
- Severe burns
- Stroke (cerebrovascular accident)
- Transient ischemic attack
Good to know
As of the time of publication, our team is unaware of any policy that covers every one of these conditions, but each one appears at least once on a major critical illness insurance policy.
What are the pros and cons of critical illness insurance?
Insurance plans are there for protection when the unexpected happens. When it comes to this policy, the pros outweigh the cons. Gain peace of mind and financial flexibility should the worst happen. Here is a quick look at the pros and cons:
Pros
- Peace of mind. If you don’t have substantial savings, critical illness coverage is reassuring. The payout can be a source of income for you and your family.
- Premiums are typically affordable
- Spend the payout however you like. You will get a lump sum payout.
- Care for dependants: Critical illness coverage can help you continue supporting children or other family members who rely on you financially.
Cons
- Not all illnesses are covered. Make sure you check exactly what illnesses are covered by your insurance provider. Even if your illness is listed, whether it is covered will depend on its severity.
- Coverage and prices vary. Besides differences from provider to provider, your health, age, smoking status, and lifestyle can significantly impact the premium.
- Coverage may end after the policyholder reaches a specific age.
How much is critical illness insurance?
Your critical illness insurance rate will entirely depend on circumstances such as age, health status, and lifestyle. The average monthly premium for $25,000 in critical illness insurance coverage depending on age group typically is:
| Age | Price per month |
|---|---|
| Under 25 | $7 |
| 51 to 55 | $27 |
| 56 to 60 | $44 |
| 61 to 65 | $56 |
Premiums and coverage might change based on multiple other factors as well. For instance, a TD Critical Illness Insurance Ontario plan might be different from a BC plan. There are also group critical illness insurance plans for businesses that might have different premiums.
It is important to get individual quotes from multiple providers before deciding on a policy. While it may seem like a time-consuming process, we've made it simple for you. Just use our free comparator below to compare the best critical illness insurance quotes from Canada's top providers right here.
Find a critical illness insurance policy that's right for you
What is the best critical illness insurance Canada plan?
Which critical illness insurance provider and policy is best for you depends on your situation, your risk tolerance, your age, your health, and your ability to pay.
Here are some of the best critical illness insurance providers in Canada:
| Best Canada Critical Illness Insurance Plans | Plan Key Features | Get a free quote now |
|---|---|---|
| Sun Life Critical Illness Insurance | 1. Express and Comprehensive plans. 2. Covers up to 7 or 26 illnesses. 3. Flexible terms and add-ons. 4. Adult and child coverage options. 5. Maximum coverage up to $3 million. | Get a free Sun Life quote now |
| Manulife Critical Illness Insurance | 1. CoverMe, Lifecheque, Synergy plans. 2. Coverage for 5 or 24 illnesses. 3. Online quotes and advisor support. 4. Combines life, disability, and CI insurance. 5. Up to $2 million in benefits. | Get a free Manulife quote now |
| Canada Life Critical Illness Insurance | 1. LifeAdvance customizable plan. 2. Covers 25 illnesses. 3. Coverage from $10,000 to $3 million. 4. 10-year and 20-year terms. 5. Return of Premium options. | Get a free Canada Life quote now |
| Humania Critical Illness Insurance | 1. Up to 37 conditions covered. 2. Basic and Enhanced plans. 3. Child Rider and digital features. 4. Partial payouts available. 5. Up to $1 million coverage. | Get a free Humania quote now |
| Empire Life Critical Illness Insurance | 1. CI Protect and Protect Plus plans. 2. Coverage for 4 or 25 illnesses. 3. Renewable term plans to age 75. 4. Flexible payment schedules. 5. Customizable with additional riders. | Get a free Empire Life quote now |
| PolicyMe Critical Illness Insurance | 1. Easy online application process. 2. Covers up to 44 conditions. 3. Get covered for $10K to $1 million, from 10 to 30 years 4. Lump-sum tax-free payout 5. Extensive coverage for early-stage cancers and cardiac illnesses | Get a free quote from PolicyMe |
| iA Financial Critical Illness Insurance | 1. Transition plans for 25 or 4 illnesses. 2. Cancer Guard and Kiddy Plan. 3. Up to $3 million coverage. 4. No medical exam policy options. 5. Term and permanent policies. | Get a free iA Financial quote now |
| The Edge Benefits Critical Illness Insurance | 1. Tiered coverage up to $50,000. 2. Guaranteed issue. 3. Second Event Benefit. 4. Automatic benefit increase. 5. Child critical illness coverage. | Get a free Edge Benefits quote now |
What are the FAQs on critical illness insurance?
What is children’s critical illness insurance?
Children’s critical illness insurance allows you to maintain an income if you need to take a leave of absence from work to focus on your child’s care and recovery.
Much like critical illness insurance for adults, it will also pay for additional expenses, including treatments and prescription drugs not covered by a provincial healthcare plan as well as travel expenses if you have to travel to seek healthcare for your child.
What is the difference between critical illness vs disability insurance?
You now know that critical illness coverage can be used to cover your bills and general living expenses, so you may be wondering what is the difference between critical illness insurance and disability insurance. Take a look at the table below for the key differences between the two policies.
| About | Critical Illness Insurance | Disability Insurance |
|---|---|---|
| Payout type and frequency? | A tax-free, one-time payout | Monthly income replacement |
| When do you receive the payment? | Upon diagnosis of a covered condition | If you are unable to work due to an illness or injury |
| Is there a waiting period? | No waiting period in most cases | A waiting period generally applies |
| How long are you covered? | May purchase coverage for life | Ends at 65 |
| What can you use them for? | A large sum that you can use for what you want like paying medical expenses, mortgage and pay off debt | Monthly expenses |
What is the difference between life insurance and critical illness insurance?
The biggest difference between life and critical illness insurance coverages is that the latter will pay out while you are alive. It helps you get better and not have to worry about finances. On the other hand, life insurance will pay out to your beneficiaries after you die. It helps to pay off outstanding debt, cover funeral expenses, and leave your family with something.
What is the return of premium benefits for critical illness insurance?
You can add on a return of premium rider on some critical illness insurance policies. If you add a return of premium rider, your policy works just like a normal policy - you pay the monthly premiums and the policy coverage continues. If a covered critical illness occurs, the policy pays out.
However, with a return of premium rider, an insurance provider pays back a portion or all of the premiums under certain circumstances, such as if no claims have been made when the policy expires or the policyholder dies.
What is mortgage critical illness insurance?
If a covered condition occurs when Mortgage Critical Illness Insurance coverage is in place, one of your largest monthly expenses could be covered which would free up money to use for health-related expenses.
For example
For example, let's consider a scenario where a policyholder develops a critical illness and is unable to work for an extended period. In such a case, Mortgage Critical Illness Insurance could step in to cover the mortgage payments, providing essential financial support while the individual focuses on recovery and medical expenses.
Canadian residents between 18 and 55 years of age are eligible to apply for Mortgage Critical Illness Insurance with the financial institution with which they have a mortgage.
See our critical illness insurance guides
- Critical Illness Insurance Broker: 2025 guide
- Critical illness insurance for mortgages: 2025 guide
- Group critical illness insurance in 2025: Get free quotes
- Critical Illness Insurance Vs Disability Insurance in 2025
- Child critical illness insurance in 2025: Get free quotes
- Top critical illness insurance BC plans in 2025
- Critical illness insurance for business owners in 2025
- Best Calgary critical illness insurance in 2025
- Is critical illness insurance taxable in Canada in 2025?
- Best Critical Illness Insurance Ontario Plans in 2025
- How much Critical Illness Insurance do I need in 2025?
- Is NatWest Critical Illness Insurance worth it in 2025?
- Is Amica Critical Illness Insurance worth it in 2025?
- What is the difference between life and critical illness insurance?
- Our 2025 Review on ScotiaBank's Critical Illness Insurance
- Sun Life Critical Illness Insurance Review 2025
- TD Critical Illness Insurance Review 2025
- RBC Critical Illness Insurance Review 2025
- OMA Critical Illness Insurance Review 2025
- Our 2025 Review on Manulife's Critical Illness Insurance
- Our 2025 Review on Industrielle Alliance's Critical Illness Insurance
- Our 2025 Review on Desjardins' Critical Illness Insurance
- Our 2025 Review on CIBC's Critical Illness Insurance
- Our Review on Canada Life's Critical Illness Insurance
- Our 2025 Review on BMO's Critical Illness Insurance
- Our 2025 Review on Blue Cross's Critical Illness Insurance
- Is critical illness insurance worth it in 2025?
- What qualifies as a critical illness?
- Critical Illness Insurance - Free Online Calculator
