Top critical illness insurance BC plans in 2025
- 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 serious illnesses like heart attacks, strokes, or cancer not only affects your health but also strains your family. Regular health insurance in BC might not cover all the costs, and treatments can be expensive.
That's where critical illness insurance comes in. It gives you a lump sum to cover immediate medical costs and support your lifestyle. Wondering what plan is right for you? Read on!
Our guide explains how critical illness insurance works, what it covers, and the best plans in BC. Use our free tool to compare providers, get personalized quotes, and find the perfect plan for you.
Critical Illness Insurance BC: Our Top Picks
- Sun Life: Comprehensive options and group perks
- Manulife: Flexibility and choice at your fingertips
- RBC Insurance: Competitive rates and tailored products
- Canada Life: Reliable coverage with personalized options
What is critical illness insurance?
Critical illness insurance, also known as critical illness cover or a dread disease policy, is a type of insurance that provides financial support in case you're diagnosed with a serious or life-threatening illness. It differs from regular health insurance in several ways.
With critical illness insurance, you get:
- Specific illnesses coverage: Unlike health insurance, which covers medical expenses for any illness or injury, critical illness insurance focuses on a defined list of critical illnesses. These typically include major diagnoses like cancer, heart attack, stroke, kidney failure, and organ transplantation.
- Lump sum payout: Upon diagnosis of a covered illness, critical illness insurance pays out a lump sum amount directly to you, the policyholder. You can use this money for any purpose, such as medical expenses, lost income, living expenses, or even alternative treatments.
Critical illness insurance doesn't replace your existing health insurance — it acts as an additional layer of financial protection. While health insurance covers the cost of medical bills, critical illness insurance provides a separate lump sum to help manage non-medical expenses during a difficult time.
Find out what leading companies offer under their coverage for critical illnesses — and their cost. You can use our comparison tool below to compare the best plans and get free quotes in no time.
Compare critical insurance plans today
How does Critical Illness Insurance BC work?
Critical illness insurance BC works similarly to its general function, but with some specific details unique to the province:
Covered illnesses
While the specific list may vary slightly between insurance providers, it generally covers 20-25 critical illnesses in BC, often including:
- Major cancers
- Heart attack
- Stroke
- Kidney failure
- Multiple sclerosis
- Paralysis
- Blindness
- Coronary artery bypass surgery
- Major organ transplantation
Benefits
- Tax-free lump sum: Upon diagnosis of a covered illness and surviving a stipulated "survival period" (usually 30 days), you receive a one-time, tax-free lump sum payment.
- Amount of coverage: You can choose a coverage amount ranging from $25,000 to $500,000 (or more in some cases), often in increments of $10,000.
- Flexibility in use: You can use the payout for any purpose, including medical expenses, lost income, alternative treatments, home modifications, childcare or simply maintaining your lifestyle.
- Optional riders: Some policies offer optional riders for additional coverage, such as children's critical illness coverage or accelerated benefits for terminal illness.
What is the cost of critical illness insurance BC?
The cost of critical illness insurance in BC can vary widely depending on several factors, including:
- Age: Premiums increase significantly with age, as the risk of developing a critical illness rises.
- Health: Individuals with pre-existing health conditions will pay higher premiums.
- Smoking: Smokers typically face higher premiums than non-smokers.
- Coverage amount: The amount of coverage you choose will directly impact the cost of your policy.
- Term length: Shorter term lengths generally have lower premiums than longer terms.
- Optional riders: Adding riders like children's coverage or accelerated benefits for terminal illnesses will increase your premium.
To give you an idea, here's a rough estimate of critical illness insurance premiums in BC based on age and coverage amount:
| Age group | Estimated annual premium for $100,000 coverage |
|---|---|
| 20-29 years old | $500-$1,000 |
| 30-39 years old | $1,000-$2,000 |
| 40-49 years old | $2,000-$4,000 |
| 50-59 years old | $4,000-$8,000 |
| 60+ years old | $8,000-$15,000 |
To get accurate quotes based on your age and other factors, use our comparison tool. Just fill in some basic details and get personalized critical illness insurance quotes from leading Canadian companies in minutes.
Find a critical illness insurance policy that's right for you
What are the best critical illness insurance BC plans?
Determining the best critical illness insurance in BC depends heavily on your individual needs and circumstances.
Here are some top insurance providers:
- Sun Life: Offers comprehensive plans with various coverage amounts and optional riders. Sun Life also has group rates for select professions.
- Manulife: Provides flexible plans with different term lengths and payout options.
- RBC Insurance: Known for competitive rates and customer service. RBC offers various critical illness products, including term and permanent life insurance with built-in critical illness coverage.
- Canada Life: Known for reliable coverage and customer support. Canada Life offers both individual and group plans with customizable features.
Let’s see what they offer when it comes to critical illness insurance in BC — and what makes them a good choice.
Sun Life: Comprehensive options and group perks
Sun Life offers 4 critical illness insurance BC plans, which are very popular:
Critical Illness Insurance: Known as Sun Critical Illness Insurance, this flagship plan boasts comprehensive coverage for 26 critical illnesses and 8 minor illnesses, with payout options ranging from $25,000 to $3 million. You can choose between lifetime coverage and term lengths up to 30 years.
- Optional riders like children's coverage and accelerated benefits for terminal illness are available.
- Plus, Sun Life offers group rates for professionals in select fields like doctors, nurses, and teachers.
Express Critical Illness Insurance: Designed for simplicity and affordability, this plan offers three tiers:
- Basic (covering cancer only)
- Enhanced (adding heart attack and stroke)
- Comfort (including major organ transplants and surgeries)
You can choose coverage amounts from $25,000 to $250,000 and terms up to 30 years.
Sun Life Guaranteed CI Protection: This plan combines critical illness coverage with guaranteed conversion privileges for future uninsurability.
- You can initially choose a lower rate with the option to convert to a fully underwritten policy later without further medical evidence.
- Coverage amounts range from $50,000 to $500,000 and terms up to 20 years.
Good to know
Term Life with CI Rider: You can enhance your existing term life insurance with Sun Life's CI rider. This flexible option allows you to add critical illness coverage to your term life policy, providing both death benefit and lump-sum payout upon diagnosis of a covered illness.
Manulife: Flexibility and choice at your fingertips
Manulife offers the following options for critical illness insurance BC:
- Manulife Clear & Simple CI: This straightforward plan covers 25 critical illnesses, with payout options ranging from $25,000 to $1 million and term lengths up to 30 years. You can choose from a standard or accelerated death benefit option for additional financial protection.
- Manulife Select CI: Offering more customization, this plan allows you to tailor coverage to your specific needs. Choose from three levels of critical illness coverage (Essential, Preferred, and Premier) and add optional riders like children's CI and guaranteed CI payout after a specific period.
- Manulife Future CI: Designed for young adults, this plan offers affordable rates and guaranteed insurability. You can start with a lower coverage amount and increase it later without medical evidence, ensuring your needs are met as you grow older.
- Manulife CI Rider: Similar to Sun Life, Manulife offers a CI rider to add critical illness coverage to your existing term life insurance policy. This option provides valuable flexibility and combines both death benefit and CI payout in one convenient package.
If you want to know more about Manulife's critical illness insurance plans, you can use our comparator. Just fill in some basic details and get all the information you need.
Compare critical insurance plans today
RBC Insurance: Competitive rates and tailored products
With RBC, you get the following options for critical insurance BC:
- RBC CI Secure: This basic plan offers coverage for 25 critical illnesses with payout options from $25,000 to $500,000 and term lengths of up to 30 years.
- RBC CI Choice: Offering more customization, this plan allows you to select from three coverage levels and add optional riders like children's CI and guaranteed CI payout after a specific period. This option provides greater flexibility for those seeking more comprehensive protection.
- RBC CI Preferred: Combining critical illness coverage with permanent life insurance, this plan builds cash value while protecting you against covered illnesses. This option ensures long-term financial security and provides a lump-sum payout upon diagnosis of a critical illness.
Good to know
RBC CI Term with Rider: RBC also allows you to enhance your existing term life insurance with their CI rider. This convenient option adds critical illness coverage to your term life policy, providing both death benefit and CI payout in a single package.
Canada Life: Reliable coverage with personalized options
Here's what Canada Life offers:
- Canada Life CI Secure: This plan offers straightforward coverage for 25 critical illnesses with payout options from $25,000 to $500,000 and term lengths of up to 30 years.
- Canada Life CI Choice: With more customization options, this plan allows you to select from three coverage levels (Essential, Preferred, and Premier) and add optional riders like children's CI and guaranteed CI payout after a specific period. This plan provides flexibility for those seeking tailored protection.
- Canada Life CI Max: Combine critical illness coverage with guaranteed life insurance in this plan. Offering guaranteed acceptance and coverage regardless of your health status, this option provides peace of mind knowing you and your loved ones are protected.
What to consider when choosing critical illness insurance?
Here is what you should keep in mind when choosing critical illness insurance BC options or in any other province, for that matter:
- Coverage: Compare the list of covered illnesses in each policy. Some may cover more specific conditions than others.
- Benefit amount: Choose a coverage amount that aligns with your financial needs and potential expenses.
- Premiums: Compare premiums across different providers and coverage amounts. Consider your budget and long-term affordability.
- Eligibility: Review the eligibility requirements, including age restrictions, health conditions, and pre-existing conditions.
- Riders and features: Decide if you need optional riders like children's coverage or accelerated benefits for terminal illness.
- Claims process: Understand the claims process and any potential waiting periods.
- Customer service: Research the provider's reputation for customer service and claims handling.
