Critical Illness Insurance

What is Critical Illness Insurance?
Critical Illnesses such as cancer, stroke, and heart diseases are unfortunately very common. However, with the significant improvement in medical technology in recent years, it has become possible for individuals affected with Critical Illnesses to recover from them. The survival rate has drastically increased.
Unfortunately, the cost of recovery and medicines may be a significant burden to both the affected individual and their loved ones. In such a scenario, Critical Illness Insurance can be very helpful. Sun Life provides a well-thought-out plan that can help cover costs associated with such illnesses.
How does critical insurance work?
If the insured individual has been diagnosed with a Critical Illness that is covered by the policy, they will receive a lump sum amount. This amount can be used to cover medical costs and can also be used as a replacement for lost income. The money can be used to cover any costs or debt, not just medical expenses.

Get the best Insurance Quote from Tugo Insurance

Call 1 844-542-4678 to speak to our advisors.

Types of Critical Insurance Plans

Sun Critical Illness Insurance Plan:

Comprehensive Critical Illness Coverage:
This plan provides comprehensive coverage. The coverage amount ranges from a minimum of $25,000 to a maximum of $2.5 million for adults. The plan offers a full payout for 26 Critical Illnesses and a partial payout for 8 minor illnesses. The Critical Illnesses list is inclusive of acquired brain injury and loss of dependent existence.
The benefits of the plan can be availed by children as well. The coverage amount for children ranges from $25,000 to $1 million. It covers all the illnesses mentioned in the adult plan and an additional 5 illnesses.
Sun Life also offers “Best Doctors” services. This can help you make informed decisions by obtaining clear advice on your illness and the available treatment options.
This plan is right for you if:
Plan Details:
The Sun Critical Illness Insurance plan can be utilized for the illnesses mentioned in your policy. The coverage can be claimed if your illness meets the definition mentioned in the policy and the associated survival period.
Illnesses Covered:
The premium will be determined after considering the following factors:
Premium Guarantee:
The premiums will be guaranteed as per your policy.

Get the best Insurance Quote from Tugo Insurance

Call 1 844-542-4678 to speak to our advisors.

Plans Available Under Sun Critical Illness Insurance:

Term 10 (T10)
Term 75 (T75)
Lifetime (T100)
Optional Benefits:
Sun Life provides additional benefits at an added cost which can be added to your plan.
Return of premium on death
If the policy is active when the insured passes away and no claim has been made, the beneficiaries can receive 100% of the returnable premiums.

Get the best Insurance Quote from Tugo Insurance

Call 1 844-542-4678 to speak to our advisors.

Return of premium on a cancellation or expiry benefit

Special options for child plans
What are returnable premiums?

Total disability waiver

With this benefit, if the insured has become totally disabled, they will be exempt from paying premiums but will be able to receive coverage.
Owner waiver death benefit
In the situation that the policy owner has passed away, with this benefit, we will be obliged to make the payment of premiums along with optional benefits.
Owner waiver disability benefits
In the situation that the policy owner has become completely disabled, with this benefit, we will be obliged to make the payment of premiums along with optional benefits.
Owner waiver death and disability benefit
In the situation the policy owner passes away or becomes completely disabled, we will be obliged to pay the premiums along with optional benefits.
Long-term care conversion option
With this benefit, the policy owner can convert the Critical Illness policy they have selected to a long-term care insurance policy without having to undergo a medical review or provide new medical information.
To be eligible for this benefit, you need to be between the ages of 18 and 50 when you purchase the policy. The conversion can be made only on the policy anniversary nearest to your 60th or 65th birthday.
You will be offered an unlimited benefit period. This is an optional addition. The premiums will be based on your age and our rates at the time of application for conversion.
While calculating the weekly benefit amount, we will divide the Critical Illness Insurance amount remaining by 200. The maximum amount that can be converted for an insured individual is $250,000. This offers a weekly benefit of $1,250.
Sample Policies
If you would like to view a sample of how the policy may be termed, please use the below links. This document is only a sample, and the provisions mentioned here may or may not apply to your policy as well. The insurance policy that you choose is an agreement between you, as an individual, and us as a company.

What is express Critical Illness Insurance?

This Critical Illness Insurance plan offers coverage without the need for bloodwork or a medical review. It provides coverage for 1 to 7 common Critical Illnesses and provides a tax-free lump-sum payment.
Express Critical Illness Insurance is right for you if:
Policy Details:
Basic Plan:
This plan only covers one illness, that is Cancer. The coverage amount is $25,00, and you must be at least 18-65 years old at the time of purchase.
Enhanced Plan:
This plan covers 3 major illnesses.
It also has a coverage amount of $25,000 and requires you to be at least 18 to 65 years of age while purchasing the policy.
Comfort Plan:
This plan has the highest coverage both in terms of payout and illnesses.
It covers:
The coverage amount for this plan is $50,000. You must be 18 to 65 years of age while purchasing this policy.
Additional Benefits for Comfort Plan:
Payment Options:
The payment for this plan can be made via a pre-authorized credit card or cheque option.
When does my coverage start?
The coverage starts as soon as the application is approved by the company.
When does the coverage end?
The coverage will end if any of the following scenarios take place:

The 30-day free look benefit:

With this benefit, you get to have a free look at the policy benefits. If it does not meet your needs, you have the right to cancel it within 30 days of receiving it or 60 days from the date it was issued. We will refund your money if this happens.
Exclusions and Limitations
This Critical Illness policy is subject to exclusions and limitations, as mentioned in the policy. Please read a sample policy before enrolling to fully understand the exclusions for each type of illness.
The premium will be determined after considering the following factors:
How to make a claim?
Step 1: Call us at the provided number, and we will send you a form to be filled out.
Step 2: Fill in the form and post it to the address mentioned in the form. Please ensure to include any requested information such as
What is the time limit for making a claim?
The claim must be made while the policy is in effect, and it should be within one year of receiving your diagnosis. If the claim is made after the time period is expired, we will not be liable to make any payments. If the claim is made correctly and meets the coverage requirements, we will send you the amount within 60 days of receiving the required proof.
Sample Policies
All provinces except Alberta and Québec
Alberta only
Québec only