RBC Health Insurance

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Know More About RBC Health Insurance plans

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The Royal Bank of Canada (RBC) is a multinational financial services company and also the largest bank by market capitalization in Canada. RBC serves more than 16 million clients and employs more than 80,000 people. Royal Bank of Canada was founded in 1864 in Halifax, Nova Scotia but it has its corporate headquarters in Toronto, Ontario. In November 2017, the Financial Stability Board listed RBC as one of the systematically important banks in the world.

RBC renders a plethora of services including retail banking, investment banking, corporate banking, private banking, mortgage banking, insurance and finance, wealth management and credit cards. In 2017, it had a revenue and net income of CA$40.66 billion and $8.35 billion and its total assets in 2018 was CA$1.27 trillion. RBC has several subsidiaries including City National Bank, RBC Bank, and Royal Bank of Trinidad and Tobago.

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Find the Right RBC Health Insurance Plan for You

RBC Insurance offers health plans for both its group and personal insurance. The plans covered for personal health insurance include disability insurance, critical illness insurance, and hospital insurance.

The group health and dental insurance include benefits such as prescription drug coverage, healthcare benefits, dental benefits, health spending accounts (HSA), survivor benefits, and cost plus.

These are some of the RBC most popular products:

  • RBC Hospital Insurance
  • This plan is a flexible Health Insurance product that protect you and your family for hospital and recovery expenses that may not be covered by your other insurance.
  • RBC Simplified Disability Insurance
  • This plan is an affordable and easy to purchase plan that can protect your income if you become injured or ill.
  • Personal Accident Protection Plan
  • This plan is an affordable and flexible insurance product that protect your family against a sudden and unexpected injury.
  • Critical Illness Insurance
  • This plan is the straightforward  health insurance product that help protect your lifestyle and recover from a serious illness.

 

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What Does RBC Group Benefit Cover?

RBC provides several group insurance coverages and benefits that allow employers to give their employees and their families the protection they deserve.

The group benefits offered by RBC include:

  • Group life and AD&D insurance.
  • Group disability insurance.
  • Group health and dental insurance.

Several benefits are provided for plan administrators and plan members. Plan administrators can enjoy the HR support service, wellness toolkit, and so forth. Plan members can benefit from the best doctors services, employee assistance program, wellness program, medical conference and discount programs.

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RBC Health Insurance News

Royal Bank of Canada reported a net income of $3,109 million for the third quarter on Wednesday, August 22, 2018. The third quarter which ended on July 31, 2018, went up by 11% from $313 million from the previous year with double-digit diluted EPS growth of 14%.  RBC’s strong performance in the third quarter is a reflection of its relatively stable credit quality with provision for ratio losses (PCL) on impaired loans ratio of basis points (bps) and PCL ratio on loans of 23 basis points (bps). RBC’s net income went up by 2% ($49 million) when compared to last quarter. This shows a higher earning in Capital Markets, Personal & Commercial Banking and Wealth Management.

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RBC Health Insurance FAQ

Am I eligible for life insurance?

How long will I pay premiums for term life insurance?

Can I cancel my life insurance coverage at any time?

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