Engineering Student Offer: Save up to 25% on disability insurance


The Engineering Student Offer lets engineering students in Canada access up to 25% savings on disability insurance. They can also get other types of insurance at lower rates and with a simple application process. It’s a special offer available exclusively for engineering students in Canada, helping to give them peace of mind and financial stability.


Engineering students work hard to build their futures, and now there’s an exclusive offer that will work just as hard to protect their livelihood and give them peace of mind. And, up until September 30, 2024, there is a special promotion that can help them save even more.

Read on to learn what the Engineering Student Offer is, how it can help give engineering students financial stability, and how to apply.

Schedule a call For Disability Insurance

Need insurance answers now?

Call 1-888-601-9980 to speak to our licensed advisors right away, or book some time with them below.

What is the Engineering Student Offer (ESO)?

The Engineering Student Offer (ESO) is a special deal that lets engineering students buy disability insurance at a lower cost than normal and even get up to 8 months free. The lower rate remains as long as you have the policy, helping you to save hundreds of dollars right away and thousands over time.

The ESO application process is a simple, 1-page application, and you do not need a medical exam. Plus, you can add on optional benefits to help make the most out of your coverage and create the most comprehensive insurance plan you need.

It’s underwritten by RBC Insurance and sold through brokers like PolicyAdvisor.

Engineering Student Offer disability insurance

What is disability insurance?

Disability insurance is a type of insurance coverage that can protect you against loss of income. It replaces a portion of your regular monthly income if you become injured or ill to the point that you cannot work. A disability insurance plan:

  • Covers between 60% to 80% of your income
  • Pays out every month until:
    • You recover and return to work
    • Your policy ends (usually at age 65 or retirement)
Learn more in our Guide to Disability Insurance in Canada

Do Canadian engineering students need disability insurance? 

Yes, engineering students need disability insurance to protect the income they’ve worked so hard for. No one thinks they will be affected by a disability, but it’s a lot more common than most realize. If it happens to you, disability insurance will replace your income, so you can focus on recovering without having to use your savings to pay for bills.

And, you can use the disability insurance payments for anything:

  • Healthcare costs or equipment
  • Home modifications
  • Everyday expenses 
  • Anything else you need
disability insurance Canada

Are engineering students covered by Engineers Canada insurance plans?

Yes, engineering students can get insurance offers from groups like Engineers Canada. But, it might be more limited and might not cover everything you need.

In most cases, it’s better for you to buy your own insurance coverage instead of relying on coverage through a group. Your own policy can fit your exact needs  — now and in the future. And the Engineering Student Offer is the perfect chance to do that at a low cost that lasts.

Learn more about the pros and cons of group vs individual disability insurance

What are the benefits of the Engineering Student Offer?

The ESO is a very attractive offer that gives engineering students many benefits, including:

  • Significantly lower premium rate — savings of up to 25% on disability insurance
  • Long-lasting savings — the lower rate lasts for the entire duration of the policy, meaning students save more upfront AND over time
  • Guaranteed level premiums — the amount you pay will stay the same for the entire duration of your policy
  • Easy application process — only answer a few questions, with simple approval and no medical exam needed
  • Simple eligibility criteria — you can qualify even if you’re still a student with no job lined up yet
  • Policy is non-cancellable — as long as you keep paying premiums, the insurance company cannot cancel your policy
  • Policy is renewable — you can renew your policy after age 65, which is rare in the industry
  • Complimentary benefits — built-in Future Income Option (FIO) lets you add more coverage later on, which is rare
  • Optional riders and benefits available — options to add a Cost of Living rider or Disability in Your Own Occupation benefit to maximize coverage
  • Premiums waived — 8 months of premiums are waived if you apply by September 2024
  • Flexible coverage — customize your policy’s coverage amount, elimination period length, extra features, and more
  • Backed by a strong brand name — policies are underwritten by RBC, one of the country’s biggest banks and a financially strong and secure provider
Key features: Engineering Student Offer
Disability insurance coverage with the ESO includes:

  • 25% savings on premiums
  • Renewable after age 65
  • Non-cancellable
  • Convertible to permanent long-term care insurance after age 65
  • Portable coverage
  • Underwritten by RBC Insurance
  • Premium holiday: up to 8 months waived 
  • Maximum coverage: up to $25,000 (with FIO)
  • Coverage amounts: up to $3,500/month for students and up to $4,500/month with FIO
  • Elimination period: 90 days

What are the optional benefits offered through the ESO?

Aside from the main disability insurance policy, the Engineering Student Offer also lets you access: 

  • Future Income Option benefit — included
  • Cost of Living benefit rider — optional
  • Disability in Your Own Occupation benefit — optional

Engineering Student Offer Future Income Option

  • Lets you increase your coverage later on without additional underwriting
  • 25% savings on premiums will also apply to future coverage
  • Can only be applied once during the entire policy
  • Must be used within the first 6 months of obtaining the professional engineer (P.Eng.) designation and up to the first year of practice

Engineering Student Offer Cost of Living benefit

  • Increases the amount of benefit payable for as many years of continued partial or complete disability
  • Increases match inflation or the consumer price index over the period of disability

Engineering Student Offer Disability in Your Occupation benefit

  • Changes the definition of a disability to mean you cannot perform important duties in your occupation
  • You would be covered for more circumstances
  • Available up to age 55

How much does disability coverage cost through the ESO?

On average, an engineering student can expect to pay around $530 per year for the RBC Engineering Student Offer for disability coverage. This is a huge savings when considering that disability insurance can cost around $800 per year or more without this offer. 

And with 8 months free, engineering students only have to pay around $175 for the first year of coverage — that’s comparable to a Netflix, Spotify, or Amazon Prime annual subscription, and you’re protecting your future for that price.

Having said that, keep in mind that the cost of disability insurance is different for everyone. For the ESO, rates depend on age, gender, and smoking status. Contact us directly to get your free, no-obligation Engineering Student Offer quote for disability insurance.

How can engineering students apply for the RBC disability insurance offer?

Engineering students in Canada can apply for the Engineering Student Offer by contacting our licensed insurance advisors. We can give you a personalized quote and help walk you through the process.

Who is eligible for the engineering students disability coverage offer?

To be eligible for the RBC MSO, you must meet the following criteria:

  • Between ages 18-50 years old
  • A professional engineering student enrolled in an eligible Canadian school
  • In your final year of an undergraduate program OR your final year of a Master of Engineering program
  • Graduating in the year you obtain your policy
  • A Canadian citizen or permanent resident
  • Never been denied for RBC’s ESO or any other disability insurance coverage

Can I get the Engineering Student Offer if I have health issues?

Yes, you can still get disability coverage through the MSO even if you have pre-existing medical conditions or health issues. The application process is a type of underwriting called guaranteed — it only asks a few health-related questions and does not make you do a medical test. This means you can still get approved even if you have health concerns.

However, this policy comes with a 24-month pre-existing clause. It states that if you have a health issue within 2 years of getting your policy, and you end up with a disability related to that issue within the first 2 years of your policy starting, that disability will not be covered.

Blue bulb


Let’s say Terrence is an engineering student who was diagnosed with diabetes in his 3rd year of university last year. Now, in his 4th year, he gets the ESO offer just before graduating. If Terrence has a stroke from his diabetes within the first 2 years of his policy starting, and that stroke leaves him unable to work, he would not be covered. But, if the same thing happened 5 years after his policy started, he would be covered.

When can I apply for the Engineering Student Offer?

The MSO has a specific period when you are eligible to apply. You can only apply:

  • When you are in the last year of a Professional Engineering undergraduate degree program
  • When you are in the last year of a Professional Engineering Master’s program

You must also apply for the optional benefits at the same time you sign up for the main ESO if you want to keep the application simple. You can add them later on up to age 50 if you wish, but you would have to go through full medical underwriting, meaning you’ll have to answer a lot more questions and may be asked to do a medical exam.

Still looking for disability insurance rates?
PolicyAdvisor saves you time and money when comparing Canada’s top insurance companies. Check it out!

Why PolicyAdvisor?

There are tons of reasons why you should choose to get coverage with us, as Canada’s leading brokerage. We have years of experience in the industry, and when you choose us as your advisors, you’re signing up to:

  • Save time and money
    Engineering students don’t have a lot of time to waste. Let us help save your valuable time by searching around and getting the best deal for you.
  • Enjoy convenience
    We believe it should be easy for everyone to get insurance. That’s why we’re 100% digital, using an online platform to give you access at the press of a button.
  • Get free personal support
    We don’t charge you anything and you never have to pay our commission. Our experts are here to help you one-on-one and all you have to do is reach out.
  • Work with the best
    You don’t have to take our word for it — just check our reviews and awards and see for yourself. The industry looks to us for expertise, our clients love us, and you will too!

Frequently asked questions about RBC’s Engineering Student Offer

What counts as a disability can vary based on the type of policy. In general, it can be either: 

  • Own-Occupation — pays out if you cannot do your specific job, even if you can still do other jobs
    • Ex: An engineer who can’t do his or her regular job, but could still lecture or do consulting work while recovering, would be covered
  • Regular Occupation — only pays out if you cannot do your specific job OR any related job in your field
    • Ex: An engineer who can’t do his or her regular job, but could still lecture or do consulting, would NOT be covered
  • Any Occupation — only pays out for an injury or illness that stops you from doing ANY job at all, even if it’s not in your normal line of work
    • Ex: An engineer who can’t do his or her regular job, but could still lecture, do telemarketing, become a social media influencer or anything at all, would NOT be covered

Own Occupation is the most comprehensive type of coverage. The Engineering Student Offer is a regular occupation policy, but you have the option to get Own Occupation coverage as an added benefit.

To be eligible for the ESO, you must be enrolled in a Professional Engineering undergraduate or Master’s program in one of the following eligible schools:

  • University of Alberta
  • University of British Columbia
  • University of British Columbia at Okanagan
  • British Columbia Institute of Technology
  • University of Calgary
  • Carleton University
  • Concordia University
  • Conestoga College
  • Dalhousie University
  • École Polytechnique
  • École de technologie supérieure
  • University of Guelph
  • Laurentian University
  • Université Laval
  • University of Manitoba
  • Memorial University of Newfoundland
  • McGill University
  • McMaster University
  • Université de Moncton
  • University of New Brunswick
  • University of Ontario, Institute of Technology
  • University of Ottawa
  • Queen’s University
  • Université du Québec à Chicoutimi
  • Université du Québec à Rimouski
  • Université du Québec à Trois-Rivières
  • Université du Québec en Abitibi-Témiscamingue
  • Université du Québec en Outaouais
  • University of Regina
  • University of Saskatchewan
  • Université de Sherbrooke
  • Simon Fraser University
  • University of Toronto
  • Toronto Metropolitan University (formerly Ryerson)
  • University of Victoria
  • University of Waterloo
  • University of Western Ontario
  • University of Windsor
  • York University

No, RBC’s Engineering Student Offer and Student Offer are not the same thing. RBC actually has two separate offers that engineering students in Canada can take advantage of:

  • Engineering Student Offer — 25% savings on disability insurance and optional benefits available
  • Student Offer — 10% savings on disability insurance and optional benefits available

The offer available through PolicyAdvisor is the Engineering Student Offer with 25% savings on disability insurance.

Yes, you can get the disability insurance promotion for engineering students even if you don’t have a job lined up yet. The ESO is designed to make it easy for the engineering professionals of tomorrow to get the income protection they need to live financially secure lives in the future. Having a job right now is not necessary.

No, international students cannot apply for the Engineering Student Offer — it is currently only available to Canadian citizens and permanent residents. If you are an international student who wants to know about disability coverage or other types of insurance, contact us. We’d be happy to help review your options.

Need help?
Call us at 1-888-601-9980 or book time with our licensed experts.

  • The Engineering Student Offer gives Canada’s future engineers disability insurance coverage at much lower rates
  • They can get up to 8 months of premiums waived, and 25% savings on disability insurance for life
  • Policies from the Engineering Student Offer are underwritten by RBC

By Jiten Puri
CEO & Founder, Insurance Advisor, LLQP
Connect with author

Want more like this in your inbox? Subscribe to our newsletter.