Product Disclosure - Product features and benefits


Critical illness insurance should constitute an essential element of your financial plan. With this type of insurance, policyholders who suffer from specific conditions, such as cancer or stroke, will receive a lump sum payment. This payment is yours to use however you see fit, whether that be for mortgage protection, child care, specialized health care, buy-sell agreements, etc. Protecta Critical Illness Insurance can be purchased as a stand-alone policy or as a rider attached to a Protecta policy, a Perspecta Universal Life policy or one of our 10-year or 20-year Term Insurance policies.


Key features


Versions available:

Adults Children

4 covered illnesses
24 covered illnesses (Enhanced)

13 juvenile diseases covered until age 18, then the 24 adult illnesses in our Enhanced version are covered until age 75.


Coverages available:

Adults Issue Age Plan Expiry
Protecta 10 (Renewable and convertible) 18-64 Age 75
Protecta 65 18-54 Age 65
Protecta 65 Joint Coverage 18-54 Age 65 of the older of the insureds
Protecta 75 18-65 Age 75
Protecta 100 18-65 Age 100
Children    
Protecta Child 30 days
to 17 years old		 Age 75


Minimum sum insured: $25,000
Maximum sum insured: $2,000,000

For child coverage the minimum sum insured is $50,000 and maximum sum insured is $250,000. For sums greater than $100,000 parental coverage is normally required. In that case, the child's amount is limited to 50% of one parent's coverage. Even if the Protecta child coverage is greater than $100,000, the maximum sum insured is $100,000 for illnesses other than cancer, kidney failure or major organ transplant. However, at age 18, the maximum sum insured is the full amount for all illnesses.


3 Return of Premiums (ROP) options:


ROP on death: if the insured dies without having made a claim (except for a partial benefit), the premiums paid, including annual policy fee and extra charges, if any, but not exceeding the amount of the sum insured, will be returned to the designated beneficiary.

ROP on surrender: if the policyholder never made a claim (except for a partial benefit), he can choose to surrender his policy. A portion of the premiums paid, including applicable annual policy fees and extra charges, will be returned up to the sum insured.

ROP on death or surrender: if the insured dies without having made a claim (except for a partial benefit) or if he decides to surrender his policy, a portion of the premiums paid, including applicable annual policy fees and extra charges, will be returned to the beneficiary.


Access to Best Doctors® services included in all coverages

Best Doctors® will provide a second opinion by medical experts and will put clients in touch with the most experienced specialist for their condition in Canada and around the world.

Sigma Assistel telephone assistance service included in all coverages

Sigma Assistel offers assistance, information and references on things such as health, home and legal matters from the date the policy is issued. When a claim is made, policyholders will also have access to additional personalized services to help in the case of convalescence and their psychological needs.


Waiver of Premium benefit offered on Protecta and Protecta Child policies

Premium payments are waived if the policyholder under this benefit becomes disabled before reaching age 60.

Waiver of Premium on Death or Disability offered on Protecta Child policies

It provides for a waiver of premium if the policyholder dies or becomes disabled on the earlier of the following dates: before the child reaches age 25 or before the policyholder reaches age 60.


4 covered illnesses


  1. Cancer
  2. Coronary Artery Bypass Surgery
  3. Heart Attack
  4. Stroke

24 covered illnesses (Enhanced)


  1. Alzheimer's Disease
  2. Aortic Surgery
  3. Aplastic Anemia
  4. Bacterial Meningitis
  5. Benign Brain Tumour
  6. Blindness
  7. Burns
  8. Cancer
  9. Coma
  10. Coronary Artery Bypass Surgery
  11. Deafness
  12. Heart Attack
  13. Heart Valve Replacement
  14. Kidney Failure
  15. Loss of Independent Existence
  16. Loss of Limbs
  17. Loss of Speech
  18. Major Organ Transplant and Major Organ Failure on Waiting List
  19. Motor Neuron Disease
  20. Multiple Sclerosis
  21. Occupational HIV Infection
  22. Paralysis
  23. Parkinson's Disease
  24. Stroke

Protecta Child (13 illnesses covered for children)


  1. Aplastic Anemia
  2. Autism
  3. Bacterial Meningitis
  4. Blindness
  5. Cancer
  6. Cerebral Palsy
  7. Cystic Fibrosis
  8. Deafness
  9. Kidney Failure
  10. Major Organ Transplant
  11. Muscular Dystrophy
  12. Paralysis
  13. Type 1 Diabetes Mellitus

Covered illnesses under partial benefit - included in Protecta Enhanced


Stage A (T1a or T1b) prostate cancer
Ductal carcinoma in situ of the breast (a type of breast cancer)
Stage 1A malignant melanoma

A partial benefit in the amount of 10% of the sum insured, to a maximum of $50,000 is paid for claims arising from one of the three illnesses mentioned above. The partial benefit is paid only once for each life insured. The policy remains in full force for all other covered illnesses and the sum insured is not reduced.


For more information on these benefits and the definitions of illnesses, please consult the contract provisions pertinent to each benefit.