1-888-601-9980Critical Illness Insurance Quotes
Get instant quotes from 30+ Canadian insurers
Critical illness insurance quotes in Canada
Critical illness insurance provides a tax-free lump sum payment if you are diagnosed with a covered condition, helping you manage expenses during recovery. This payout can be used however you choose, from covering medical costs and household expenses to replacing lost income or supporting your family.
With PolicyAdvisor, you can compare critical illness quotes from leading Canadian providers and choose coverage that fits your needs and budget. Instead of contacting multiple providers individually, you can access personalized quotes, compare coverage options, and evaluate premiums side by side. The digital platform simplifies the process, helping you find coverage that aligns with your health needs, budget, and financial goals.
Sample critical illness insurance quotes in Canada
Critical illness insurance premiums depend on several factors, including age, coverage amount, and health history. Here’s what typical pricing can look like:
| Age | Male | Female |
|---|---|---|
| 20 years | $22/month | $14/month |
| 30 years | $22/month | $15/month |
| 40 years | $27/month | $19/month |
| 50 years | $61/month | $45/month |
| 60 years | $200/month | $145/month |
Is it better to get a critical illness quote online?
Yes, getting a critical illness insurance online quote is one of the fastest and most convenient ways to compare your options. You can view personalized quotes from multiple insurers, compare premiums and coverage side by side, and explore different benefit amounts without the hassle of contacting each provider separately.
With PolicyAdvisor, you can instantly compare quotes from 30+ leading Canadian insurers, customize your coverage, and receive expert guidance from licensed advisors whenever you need it. This lets you make an informed decision and choose the critical illness insurance policy that best fits your needs. Use the tool below to get instant quotes now!
How much does Critical Illness Insurance cost?
Get instant quotes from Canada's top critical illness insurance providers and find the perfect coverage for your family.
Powered by
How to get critical illness insurance quotes online in Canada
Here are the 3 simple steps you need to follow to get a critical illness insurance quote in Canada:
Enter your details
Provide basic information such as age, gender, smoking status, and health details.
Choose your coverage
Select your coverage amount and term based on your financial needs.
Compare quotes instantly
Review plans from top insurers, compare premiums and coverage, and choose what works best.
Why choose PolicyAdvisor for a critical illness insurance quote in Canada
Getting a critical illness insurance quote shouldn't feel complicated. Here's why Canadians choose PolicyAdvisor:
No waiting for callbacks. No hidden pricing. Compare personalized insurance quotes upfront.
View multiple options side-by-side and find the best, most affordable option for your financial safety.
Your premiums stay fair and clear.
Explore your options without any pressure to buy.
Start your quote online in minutes and complete your application seamlessly.
Have questions? Speak to a licensed advisor for guidance anytime you need it.
Still not sure where to start with your insurance quote?
Watch this short video to learn more about critical illness insurance and how our licensed advisors can help.
How can I get the lowest critical illness insurance quotes in Canada?
Critical illness insurance quotes vary significantly based on your personal profile and how you structure your coverage. Making the right choices early can help you lock in lower premiums. Here’s how you can get lower rates:
To find the lowest critical insurance quotes, compare plans side by side on PolicyAdvisor. Our licensed advisors can also help you narrow down options and find a plan that fits your needs without overpaying.
Need insurance answers now?
Call 1-888-601-9980 to speak to our licensed advisors right away, or book some time with them.
Can I get riders with critical illness insurance?
Yes, many insurers offer optional riders that let you customize your critical illness insurance policy for additional protection or added value. The availability of riders varies by insurer and policy, and each rider has its own eligibility requirements and coverage terms.
Some of the most common critical illness insurance riders include:
- Child critical illness rider: Provides coverage if your child is diagnosed with a covered childhood illness, with the list of covered conditions varying by insurer
- Return of premium on death rider: Returns all or a portion of the premiums you have paid if your policy expires without a claim or upon your death
How much critical illness insurance coverage do you really need in Canada?
The amount of critical illness insurance you need depends on your financial responsibilities and how a serious illness could affect your income and expenses. While there’s no one-size-fits-all answer, our advisors recommend coverage equal to 1 to 2 times your annual income, with policies commonly ranging from $50,000 to $250,000.
To determine the right coverage amount, consider how much income you may need to replace during recovery, the out-of-pocket medical and caregiving expenses not covered by provincial healthcare, and whether you would want to pay off debts such as your mortgage or car loan to reduce financial stress. Our critical illness insurance calculator can help you estimate the coverage amount that best fits your financial needs.
Which companies provide critical illness insurance quotes on PolicyAdvisor?
We show you quotes from the best critical illness insurance companies in Canada. This includes some of the most trusted insurance providers, such as:
Frequently Asked Questions
What qualifies as a critical illness for a payout?
A critical illness qualifies for a payout only if it is specifically listed as a covered condition in your policy and meets the insurer’s definition. Most critical illness insurance plans in Canada cover major conditions such as cancer, heart attack, stroke, coronary artery bypass surgery, multiple sclerosis, and major organ failure, while some policies cover up to 25 or more illnesses. In most cases, you will also need to satisfy the policy’s waiting or survival period before the lump-sum benefit is paid.
Is the payout from critical illness insurance taxable?
No, critical illness insurance benefits are generally paid as a tax-free lump sum. Once your claim is approved and you meet the policy conditions, you can use the payout however you choose, whether it’s replacing lost income, covering medical or household expenses, paying off debt, or supporting your family’s financial needs during recovery.
What is a survival period in critical illness insurance?
A survival period is the minimum amount of time you must remain alive after being diagnosed with a covered critical illness before your insurance benefit is paid. In Canada, most critical illness insurance policies have a 30-day survival period, although this can vary by insurer and policy.
Can I get life insurance and critical illness cover together?
Yes, you can get life insurance and critical illness cover quotes together to build more complete financial protection. Life insurance provides a payout to your beneficiaries after death, while critical illness insurance pays you directly if you are diagnosed with a covered condition. Comparing both together helps you choose the right mix of coverage based on your needs.
Can I be denied coverage based on my health?
Yes, you can be denied coverage based on your health. Your health plays an important role in determining whether you qualify for critical illness insurance. Insurers assess factors such as your age, medical history, family history, lifestyle, and smoking status during underwriting. Depending on the results, your application may be approved as requested, approved with a higher premium or exclusions, or declined if the insurer considers the risk too high.
