ScotiaLife Critical Illness Insurance

Right for you if:

  • You want affordable insurance you can count on

  • You wish to protect yourself against unforeseen
    expenses 

  • ScotiaLife® Critical Illness Insurance pays a one-time lump-sum benefit¹ following the first occurrence and diagnosis of either:

    • Heart Attack
    • Cancer
    • Stroke 

    You decide how to spend your money

    The one-time, lump-sum cash benefit¹ paid to you can be used for medication or services not covered by your provincial health care plan, child care, ongoing household expenses or loss of income if your spouse is unable to work while caring for you. Also, the ScotiaLife Critical Illness Insurance benefit is paid regardless of whether or not you are able to return to work. You can protect your family's financial future and focus on your recovery.

    PLUS:
    If you are a Canadian resident, 18 to 64 years of age and a Scotiabank customer or the spouse of a Scotiabank customer, you are eligible to apply for up to $100,000 in coverage.

    The plan offers

    • Affordable group rates - You benefit from low group rates exclusively for Scotiabank customers and their spouses
    • Flexible coverage amounts - From $25,000 up to $100,000 of affordable protection—available in increments of $25,000
    • Pay for any expense you choose—You decide how to spend the money
    • Reliable protection—If you're approved, your coverage automatically renews, without additional medical evidence, every year until you reach age 70, when your coverage ends
    • Easy payment options—You can pay your premium monthly by Scotiabank credit card or automatic withdrawal from your bank account
    • 30-day money-back guarantee—If for any reason you are not completely satisfied with your coverage, simply return your Certificate of Insurance within 30 days. Any premiums already paid will be refunded—no questions asked

    For more information about ScotiaLife Critical Illness Insurance refer to the Definitions, Exclusions and Terminations

    Monthly rates* per $25,000 of coverage

     

             Age

     

                             Female                                  Male
    Non-smoker** Smoker Non-smoker** Smoker
    18-29 $ 1.55 $ 1.75 $ 1.95 $ 2.36
    30-34 $ 2.65 $ 4.34 $ 2.65 $ 3.07
    35-39 $ 3.81 $ 8.26 $ 2.75 $ 5.40
    40-44 $ 6.77 $ 14.50 $ 4.87 $ 10.06
    45-49 $ 11.12 $ 25.65 $ 10.38 $ 23.39
    50-54 $ 15.24 $ 36.34 $ 18.63 $ 47.53
    55-59 $ 20.85 $ 47.61 $ 31.86 $ 82.55
    60-64 $ 27.52 $ 60.02 $ 53.03 $ 132.05
    65-69*** $ 39.66 $ 88.51 $ 89.18 $ 190.29
    70 §                                                                    Coverage ends

    Ready to apply

    Online

    Convenient application process

    Apply online
    By Phone

    Call us toll-free
    Mon-Fri (8:30am-5pm ET)

    1-866-292-3512
    By Mail

    Send to address provided on form

    Enrolment form