A Critical Illness Insurance in Toronto refers to the insurance coverage that helps you to handle expenses related to life-threatening critical illnesses as well as lifestyle diseases such as cancer, stroke, Parkinson’s disease, paralysis, live disorders, kidney failure, as well as other sicknesses. These critical illnesses require luxurious treatments, which can put financial burden on a person, so it is essential that these expenses are often covered.

And to help you ease your financial pressure, it is crucial to get a Critical illness Insurance cover along with the best health insurance policy. Critical Illness Insurance in Ontario by Insuredcan will be your perfect partner during problematic times, with lower premiums and bigger coverage to assist you with better financial planning.

Major Critical Illness Covered

Cancer Related Disorders

• Cancer of Specified Severity
• Bone Marrow Transplantation
• Aplastic Anaemia

Heart Related Illnesses

• Myocardial Infarction
• Open Chest CABG
• Primary (Idiopathic) Pulmonary Hypertension
• Heart Transplantation
• Surgery of Aorta
• Dissecting Aortic Aneurysm
• Other Serious Coronary Artery Disease
• Cardiomyopathy of Specified Severity

Brain Nervous System Related Disorders

• Coma of Specified Severity
• Stroke Resulting in Permanent Symptoms
• Permanent Paralysis of Limbs
• Motor Neuron Disease with Permanent Symptoms
• Multiple Sclerosis with Persisting Symptoms
• Benign Brain Tumour
• Loss of Speech
• Major Head Trauma
• Alzheimer’s Disease
• Creutzfeldt-Jacob Disease
• Encephalitis
• Muscular Dystrophy
• Bacterial Meningitis
• Brain Surgery
• Progressive Supranuclear Palsy
• Apallic Syndrome

Major Organ Other Illnesses

• Kidney Failure Requiring Regular Dialysis
• Blindness
• Deafness
• End Stage Liver Failure
• Third-Degree Burns
• Fulminant Hepatitis
• Systemic Lupus Erythematous with Lupus Nephritis
• End Stage Lung Failure

What Does Critical Illness Insurance Cover?

Critical Illness Insurance in Ontario characteristically covers for life threatening illness or conditions such as heart attack, stroke, and cancer among others. If the insured qualifies for the benefit, they can use the lump sum benefit payment for any purpose they select:

• Loss of income
• Childcare expenses
• Transportation costs for themselves or family members, or any other financial requirement
• Benefit amounts are typically obtainable up to $25,000 as stand-alone or part of a group benefit plan. 

The Numerous Factors That Make This Policy Necessary For You Are As Follows:

• Unexpected Liability :  A critical illness may sometimes be diagnosed unexpectedly without you knowing about it. For example, Heart stroke usually occurs immediately, and it becomes difficult to take precautions against a disease that you may not be aware off. So, these are uncalled for ailments that can burn a hole and eat up all your savings in one go in the nonappearance of a critical illness cover.

• Lifestyle Difficulties : Critical illnesses have turn out to be more common today in people who are in their earning age (25-55 years). These are because of the lifestyle variations that do not allow you to keep yourself perfectly fit by regular exercise and routine. Life has become progressively mechanical with the rise in the white-collar jobs and the lack of healthy food items that hamper one’s health suggestively without one’s knowledge.

• Total/Partial Disability Cover : Though the physical debility cover comes as a separate cover to pay for the costs arising out of it, a critical illness plan can cover the costs of such disabilities that may take place to you due to unwelcome accidents. Such incidents are not in one’s hands and some critical illness plans also cover the costs arising out of total or fractional deafness, eye defects, etc.

The treatment for such ailments can be costly and may also render the one affected to be home-bound as he may not be able to work. It may also prevent him from working the whole of his life in case the disability is not cured totally.

• Proofs Not Obligatory : A regular health insurance plan necessitates you to submit your hospital bills and other such evidence to avail the amount spent for the treatment. However, in a Critical Illness Insurance in Toronto cover, the whole sum insured can be availed just after the analysis of the disease. You do not requisite to show proofs of hospitalization or treatment expenses to avail the sum insured.