Best Critical Illness Insurance Ontario 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
Dealing with a serious illness like a heart attack, stroke, or cancer not only affects your well-being but also puts a strain on your family. Traditional health insurance in Ontario may not cover all the expenses associated with life-threatening conditions, and the treatments can be costly.
This is where critical illness insurance comes in. Providing a lump sum payment, it helps cover immediate medical costs and supports your lifestyle. But what is the perfect plan for you? How much critical illness insurance do you need?
Our guide breaks down how critical illness insurance operates, what it includes, its advantages and disadvantages, and the top plans available in Ontario. Use our free comparison tool to easily assess the best providers, receive personalized quotes, and discover the most suitable plan for you.
Best Critical Illness Insurance in Ontario
- Sun Life: Coverage ranges from $25,000 to $3 million.
- Manulife: Up to a $2 million benefit with 24 covered illnesses.
- Canada Life: Benefits from $10,000 to $3 million.
- RBC Insurance: Provides benefits up to $2 million.
What is critical illness insurance?
Critical illness insurance is a type of insurance that pays out a lump sum benefit if you are diagnosed with a covered critical illness. In Ontario, Canada, several insurance companies offer CII coverage.
Here are some things to consider when deciding if CII is right for you:
- The cost of CII premiums: Premiums for CII can vary depending on your age, health, smoking status, and the amount of coverage you choose.
- The covered critical illnesses: CII policies typically cover several critical illnesses, such as cancer, heart attack, stroke, kidney failure, and organ transplantation. However, the specific illnesses that are covered can vary from policy to policy.
- The amount of coverage: The amount of coverage you choose will depend on your individual needs and financial situation.
- The survival period: Some CII policies have a survival period, which means that you must survive for a certain period after diagnosis to receive the benefit.
Before choosing any plan, make sure to explore multiple options — coverage, rates, exclusions, and more. Use our comparator to compare the best plans and get free quotes right here for the best deals.
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What are the best critical illness insurance options in Ontario?
Here are some of the reputable and popular insurance providers in Ontario offering CII coverage. Let’s dig deep into their coverage and see what makes them a good option.
Sun Life Critical Illness Insurance
Sun Life provides critical illness coverage through two plans: Express and Comprehensive.
The Express plan offers coverage for up to 7 illnesses, providing benefits of up to $50,000.
- It is categorized into three tiers: Basic, Enhanced, and Comfort Plus.
- Basic provides coverage for cancer only, with each subsequent tier expanding the range of coverage.
- Eligibility is open to adults under the age of 65.
Sun Life’s Comprehensive plan extends coverage to 26 illnesses, with an additional 8 qualifying for partial payouts.
- It also includes coverage for 5 childhood illnesses for individuals under the age of 24.
- The plan offers flexible terms, with coverage reaching up to $3 million for adults ($1 million for children).
- Various add-ons are available, such as the return of premiums, owner waivers, and long-term care conversion.
For adult plans, coverage amounts range from $25,000 to $3,000,000, while child plans are available in amounts ranging from $25,000 to $1,000,000.
Manulife Critical Illness Insurance
Manulife offers critical illness insurance coverage through three distinct plans: CoverMe, Lifecheque, and Synergy.
- CoverMe is tailored for individuals aged 18 to 65, this plan provides a benefit of up to $75,000. It safeguards policyholders against five major illnesses, namely aortic surgery, coronary artery bypass surgery, heart attack, life-threatening cancer, and stroke.
- Lifecheque is a more comprehensive option, which offers coverage of up to $2 million and encompasses protection against 24 critical illnesses. This plan comes with flexible term options, and Manulife's advisors can assist in identifying the most suitable term for individual needs.
- Synergy is a 3-in-1 comprehensive plan, that combines life, disability, and critical illness insurance. With coverage extending up to $500,000 and encompassing up to 24 conditions, Synergy offers an affordable policy streamlined with a single application and a consolidated premium payment structure.
Canada Life Critical Illness Insurance
Canada Life presents a comprehensive and adaptable critical illness insurance package known as LifeAdvance.
- This offering allows for customization with coverage options ranging from $10,000 to $3 million, encompassing protection against 25 specified illnesses and illness assist benefits.
- Notable supplementary benefits include the availability of optional Return of Premium at Death and Return of Premium at Withdrawal riders.
For added flexibility, you can opt for either 10-year or 20-year terms, with coverage extending until the age of 75, contingent on your age at the policy's inception (before turning 65 for the 10-year term and 55 for the 20-year term).
If you like Canada Life's coverage, use our comparator to get personalized quotes from the company to get a better idea of the cost.
Compare critical insurance plans today
RBC Critical Illness Insurance
RBC offers critical illness insurance through two distinct plans:
- Critical Illness Insurance Plan: Designed for budget-conscious individuals, this plan provides coverage for three critical illnesses — cancer, heart attack, and stroke. It is accessible to individuals aged 18 to 50, offering benefits of up to $75,000.
- Critical Illness Recovery Plan: A comprehensive option, this plan extends coverage to 30 different illnesses, with benefits reaching up to $2 million. Tailored to meet individual needs, the plan offers customization options and flexible term choices.
What is covered by critical illness insurance?
Critical illness insurance in Canada typically covers a range of serious conditions that can significantly impact your life and finances. The specific illnesses covered can vary depending on your insurance provider and policy details, but here's a general overview of commonly covered illnesses:
- Major cancers: Most policies cover various types of invasive cancers, often excluding early-stage or non-invasive forms.
- Heart attack: This includes severe heart attacks requiring significant medical intervention.
- Stroke: Coverage usually applies to severe strokes with lasting neurological damage.
- Coronary artery bypass surgery (CABG): This critical procedure for treating blocked arteries is often covered.
- Aortic valve surgery: Replacement or repair of the aortic valve due to severe disease is often included.
- Organ failure: Some policies cover the failure of vital organs like kidneys, liver or lungs.
- Major organ transplant: Coverage may be offered for transplants like heart, lung or kidney.
- Neurological conditions: Some policies cover severe conditions like Alzheimer's disease, Parkinson's disease or multiple sclerosis.
- Blindness: Permanent, irreversible loss of vision in both eyes is typically covered.
- Deafness: Complete and irreversible hearing loss in both ears might be covered.
- Loss of limbs: Permanent loss of limbs due to accident or illness may be included.
- Coma: Extended periods of unconsciousness with minimal brain activity may be covered.
How much does critical illness insurance cost in Ontario?
Premiums for CII are highly dependent on several factors, making blanket estimates inaccurate and potentially misleading.
These factors include:
- Age: Premiums significantly increase with age, as the risk of contracting a critical illness grows. Expect younger individuals to pay considerably less than older individuals for the same coverage.
- Health: Your overall health and medical history play a crucial role. Pre-existing conditions or high-risk lifestyle factors like smoking can significantly increase premiums.
- Coverage amount: The desired lump sum payout amount directly impacts the premium cost. Higher coverage naturally translates to higher premiums.
- Policy features: Additional riders or benefits like early diagnosis coverage or specific illness riders can add to the overall cost.
- Term of coverage: Choosing a longer coverage period generally means higher premiums compared to shorter terms.
Here’s a rough estimation for your reference:
| Age | Price per month |
|---|---|
| Under 25 | $7 |
| 51 to 55 | $27 |
| 56 to 60 | $44 |
| 61 to 65 | $56 |
Is there a critical illness insurance Ontario government plan?
The Ontario government does not directly offer or subsidize any critical illness insurance programs for its residents. However, there are some indirect connections between CII and the Ontario government you should be aware of:
- Employment Standards Act: Ontario's Employment Standards Act allows for critical illness leave, which gives employees up to 42 weeks of unpaid leave to care for themselves or a critically ill family member. This can provide time for individuals to focus on treatment and recovery without worrying about losing their jobs.
- Ontario Physicians Services Inc. (OPSI): OPSI previously offered an optional $50,000 CII subsidy for Ontario physicians under the Ontario Medical Association (OMA) group life insurance program. However, this program ended in 2019.
- Other government programs: Some government programs, like the Canada Pension Plan Disability (CPP-D), provide financial support for individuals with severe, prolonged disabilities caused by illness. However, these programs have different eligibility requirements and benefits than CII.
