Critical Illness Recovery Plan

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Get Effective Insurance against Critical Illnesses

Critical illnesses such as life-threatening cancer, acute heart attack, and stroke may not just cause you to lose your independence, but it can result in serious financial strain. If you are diagnosed with such conditions, you may not be able to work but you can take advantage of TD critical illness recovery plan to cater to the financial requirement while you focus on your recovery. The critical illness recovery plan will pay you a lump sum amount up to $50,000 in the event of a covered critical illness. The coverage amount ranges from $5,000 to $50,000 in $5,000 increment but the amount you should pay depends on your age, gender and smoking status. The coverage is designed to end when you reach 70 but the coverage benefits are reduced by 50% when you reach age 65.

Eligibility Requirements and Features

To be eligible for this plan, you need to be a Canadian resident, and you are also required to be in the insured person’s home territory or province during the time of enrollment. In addition, you are required to be between the age range of 18 and 54 on the insured person’s effective date.

  • The plan covers three major critical illnesses suffered by most Canadians such as stroke, life-threatening cancer, and acute heart attack.
  • The coverage will pay up to $50,000 lump sum if the insured is diagnosed with any of the critical illnesses.
  • The coverage amount ranges from $5,000 to $50,000 in the increment of $5,000 but the actual amount you will pay will depend on your age, gender, and smoking status.
  • When diagnosed with any of the covered critical illnesses, you are required to survive the 30 days survival period to receive the benefits.
  • You can use the benefits in this plan as you wish.
  • The plan has an easy enrollment process, convenient buying process and also a simple claims process.

 

 

Additional resources

Learn more about health insurance from these informative articles to help you decide in choosing the best plan for you.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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