Employee Benefits

Critical Illness Insurance

  • Stand-alone mandatory and optional plans available.
  • Solutions for groups of all sizes
  • Can be offered as an optional benefit to complement an AD&D plan

When an employee is diagnosed with a critical condition, provincial and private plans do not take care of all of the related costs.  For anyone recovering from a critical condition, at a time when income is potentially reduced and expenses have increased, Critical Illness Insurance is not a “nice to have” but a must have. We were one of the first insurance companies to offer group critical illness to Canadians, and we remain in the forefront of the industry by measuring the financial impact medical conditions have on employees and continually expanding our offerings.

Coverage Highlights

  • 23 covered conditions, including cancer recurrence.
  • A tax free1 lump sum benefit is paid to an insured in addition to any other insurance, and can be used at their discretion.
  • 2nd Event and other partial payments are included.
  • Option to have the 24/24 Pre-Existing exclusion period reduced to 12/12 (additional premium applies).

Standalone coverage can be provided on either a mandatory or optional basis.

Mandatory Plan

  • Guaranteed issue amount up to $150,000 for groups of 50 lives and more (up to $25,000 for 5 - 9 lives and up to $50,000 for 10 – 49 lives).
  • No pre-existing condition provision or 90 day Cancer moratorium for groups over 100 lives.

Upgrade your mandatory plan to our Deluxe2 offering and gain the following:

  • Removal of the 30 day survival period.
  • Addition of a Critical Care Expense Allowance Benefit3.

The Critical Care Expense Allow Benefit provides medical and non-medical expenses as a result of a diagnosed covered condition up to a maximum of $1,000, including:

  1. Registered graduate nurse expenses;
  2. Transportation costs for medical treatments, physician appointments, or post-diagnosing testing;
  3. Rental costs of wheelchairs or other equipment;
  4. Drugs or medicines;
  5. Meals for the Insured and one attending caregiver during extended hospital visits;
  6. Parking costs at medical facilities;
  7. Daycare costs for children; and,
  8. Pet care costs such as day boarding, in home care, or dog walking.

Optional Plan

  • Guaranteed issue amount up to $25,000 on an optional basis, regardless of group size
  • Coverage available to employees and their spouses
  • Add your children to the plan, 1 premium covers all kids.

We can arrange to include CAREPath Cancer Assistance program.

Whether an individual receives the news they have been diagnosed with a critical condition and are bracing themselves for a long recovery battle, or they have been hospitalized suddenly due to an accident or sickness, the emotional impact is immeasurable.

  1. Based on CRA guidelines as of the date of the production of this page (06-2017).
  2. Chubb Life’s Critical Illness Deluxe Plan is only available through Mandatory Critical Illness Insurance.
  3. Critical Care Expense Benefits may be subject to limitations and/or proof of payment as detailed in the policy. 
Video
Critical Illness

Learn how this plan can help your clients avoid the financial strain a major illness can create.