RBC Insurance Review

About RBC Insurance

The Royal Bank of Canada is Canada’s largest bank by revenue and dates back all the way to 1864, with the insurance division also dating back to the 1800s. At RBC, insurance policyholders are assured by a noteworthy reputation and ample financial resources. 

RBC Insurance offers life insurance; auto insurance; home insurance; travel insurance; health insurance and leisure and lifestyle insurance. Policyholders can bundle insurance for added savings. There’s tools and calculators built for every type of insurance RBC offers. Policyholders can use the app to submit claims and save ID cards, as well as check claims eligibility and coverage details.

RBC Key Information

How Do I Purchase a Plan with RBC Insurance?

If you wish to purchase a plan with RBC Insurance, visit their website here and get started on your personalized quote.

How Can I Reach RBC Insurance by Telephone?

Call 1-855-401-4434 to reach RBC Insurance by phone.

How Do I File a Claim with RBC Insurance?

Claims can be made via telephone by calling 1-800-769-2526.

RBC Insurance Pros and Cons

As with any product or service, and depending on your individual needs, there’s always advantages and disadvantages. Let’s take a look:

Why RBC Insurance Could Be Right for You

• Strong financial background 
• Wide range of insurance products available
• Plan customization and flexibility 

Why RBC Insurance May Not Be Right for You

• Website is not user friendly
• Higher premiums 
• Limited availability

What Does RBC Insurance Cover?

RBC Insurance delivers a comprehensive array of coverage options to safeguard your financial well-being. From critical illness and disability insurance, shielding you against unexpected health challenges, to personal accident coverage that provides a safety net in case of unforeseen accidents. Additionally, RBC Insurance offers term life insurance, ensuring your loved ones are financially protected in the event of your passing. With a range of solutions designed to cater to different life situations, RBC Insurance is committed to providing peace of mind and security for you and your family.

RBC Hospital Insurance 

The RBC Hospital Insurance plan is an affordable product that is there to help you cover any incurred expenses during your hospital stay. The RBC Hospital Insurance is for Canadians who are between the ages of 18-69 years of age who have an RBC account. There are no medical questions asked, and acceptance is guaranteed. This is a tax-free benefit, specifically designed for accidents, and not sickness. You can select to receive $100, $150, or $200 per day of hospitalization. 

RBC Critical Illness Insurance

The RBC Critical Illness Insurance plan is a straightforward product that protects your lifestyle, and helps you recover from a serious illness. This coverage is for heart attack, stroke and cancer, and you are eligible to receive a benefit between $10,000 to $75,000. The RBC Critical Illness plan is ideal for Canadians between the ages of 18-50 that have not been diagnosed with or treated for certain medical conditions. 

RBC Simplified Disability Insurance

RBC Simplified Disability Insurance plan is a seamless, affordable and easy to purchase plan that can help protect your income if you become injured or ill. This plan is for Canadians between the ages of 18-55 who are self-employed, a contractor, or a part-time worker that wants coverage for injury only (or both sickness and injury) and also wants to top up group coverage or does not have group coverage.

Personal Accident Protection Plan

The RBC Personal Accident Protection Plan is an affordable and flexible term life insurance product that protects your family against a sudden and unexpected injury. Coverage available is between $50,000 to $250,000. This is a no medical exam plan with guaranteed acceptance if you are a current customer with RBC, between the ages of 18-69, and are a Canadian resident.

RBC Simplified Term Life Insurance

The RBC Simplified Term Life Insurance Plan is a simple, affordable and flexible life insurance product. This is an ideal insurance solution for young families like yours. This is a convenient no medical exam plan with flexible coverage options to choose from at 10, 15, 20 years, all the way up to 40 years. If you are between the ages of 18-55, your eligible coverage amount is between $50,000 to $1,000,000. If you are 56 years of age or older, your eligible coverage amount is $50,000 to $499,999.