Health Security Plus Insurance

Features and Benefits

Health Security Plus critical illness insurance plan is an easy plan to obtain. This critical illness plan will help you to take care of the medical bills in the event of critical illness without affecting your personal savings. Furthermore, this is a robust plan that does not involve any medical examination or blood test before application.

• To qualify for health security plus claim, the insured should have any of the six critical illnesses such as health attack, cancer, stroke, paralysis, kidney failure, and major organ failure.
• The insured must survive at least 14 days after being diagnosed with any of the aforementioned critical illnesses in order to receive the benefit.
• The premiums increase and can be adjusted. However, the maximum increase in the premium is 25% of the originally agreed premium.
• The critical illness insurance plan can be purchased by Canadians between age 20 and 55. The purchase options range from $10,000 to $100,000.
• Premiums can be paid by check annually or semi-annually. You can also pay monthly by bank debits.
• The premiums are renewable every 10 years and they can be renewed up to age 75.
• The plan also includes a 10-day free look guarantee. This serves as a satisfaction guarantee.
• Several other no cost benefits are also included in this plan. Such benefits are competition scholarships for higher learning tuitions about $8,000, emergency grants for temporary financial assistance to members who are victims of disasters or hardship and so on.
• Additional benefits included in this plan are indexing option which increases the coverage by 5% per year, disability waiver for people continuously disabled for more than 6 months, and the return of premiums at expiry.

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Additional resources

Learn more about your other insurance options from these informative articles.