ivari Critical Illness Insurance Review - PolicyAdvisor

ivari Critical Illness Insurance Review


ivari offers critical illness insurance with a comprehensive list of 25 conditions covered up to $2 million for enhanced coverage or 4 conditions for basic coverage. Coverage terms include 10, 20, or up to age 65; there are no permanent options available at this time. Other benefits include partial payouts for up to 4 conditions and coverage for loss of independent existence.

By Jiten Puri
CEO & Founder, Insurance Advisor, LLQP
4 min read


Critical Illness




Best Critical Illness Insurance for Bundling

If you’re the type to keep all your services with one company, ivari’s critical illness insurance is for you. You can add $2 million in critical illness coverage as a rider to an existing life insurance plan and save up to 15% on your premiums. Brand loyalty pays off with ivari insurance!


  • Discounts for bundling services
  • Comprehensive conditions covered (25 full payout illnesses)
  • Children’s coverage available


  • No limited pay options
  • No second option
  • No permanent coverage
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Who is ivari?

Known as Transamerica Life Canada until 2015, the company rebranded to ivari when acquired by new ownership (the Canada Pension Plan Investment Board, through Wilton Re). ivari matches employee charitable donations and their own efforts focus on the health and well-being of children with programs and donations helping indigenous youth, those with medical conditions, and more. They just hope you don’t get them mixed up with another ivari. 

Does ivari sell critical illness insurance?

Yes, ivari does sell critical illness insurance; it is named – quite simply – Critical Illness. They offer basic (4 conditions) and enhanced (25 conditions) coverage.

Product Name Critical Illness
Critical Illness coverage Basic and Enhanced coverage
Available Terms 10 and 20 years and to age 65
Limited Pay option None
Maximum coverage Up to $2-million
Conditions covered Enhanced – 25 conditions, Basic – 4 conditions
Loss of Independent Existence coverage Yes
Partial payout conditions 4 Eligible Conditions
Partial payment or early detection payment Yes. 15% up to $50,000. Payable once.
Childhood illnesses coverage Option is available
Survival period 30 days
Return of Premium on death Yes
Return of Premium on expiry/cancellation No
Second option No
Electronic application Yes
Online account access No
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What critical illness insurance coverage and terms does ivari offer?

ivari’s maximum coverage for critical illness insurance is $2-million. 

They offer coverage for loss of independent existence. They offer partial payouts for 4 different conditions. The payout is typically 15% of the policy up to $50,000, and partial payments can only be claimed once during the coverage period.

The survival period (how long you must survive with the illness before you can collect your benefit) is 30 days.

ivari offers critical illness insurance for 10-  and 20-year terms or coverage up to 65 years of age.

There are no limited-pay options available.

Does ivari’s critical illness insurance offer a return of premiums?

No, ivari is one of the few critical illness insurance providers that offer no options for return of premiums.

How do I apply for ivari’s critical illness insurance?

You can apply for ivari’s critical illness insurance using the best online life insurance broker in Canada. You can enter your information and look up quotes using the button below or schedule a call with one of our licensed brokers to apply for ivari’s critical illness insurance.

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

The information above is a brief representative summary for indicative purposes only. It does not include all terms, conditions, limitations, exclusions, termination and other provisions of the policies described, some of which may be material to the policy selection. Please refer to the actual policy documents for complete details. In case of any discrepancy, the language in the actual policy documents will prevail. A.M. Best financial strength ratings displayed above are not a warranty of a company’s financial strength and ability to meet its obligations to policyholders.

By Jiten Puri
CEO & Founder, Insurance Advisor, LLQP

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