Protection for life's unexpected turns.
A serious diagnosis shouldn't mean a financial crisis too. See how Critical Illness Insurance can provide a lump-sum benefit when you need it most, and get a free quote from a licensed Canadian advisor in minutes.
Free & no obligation · Licensed Canadian Insurance Advisors
What is Critical Illness Insurance?
Critical Illness Insurance (CII) can provide a lump-sum benefit if you're diagnosed with a covered condition and your claim meets your policy's requirements, definitions, and waiting periods.
Commonly covered conditions may include
- Cancer
- Heart Attack
- Stroke
Coverage for any specific diagnosis isn't guaranteed and depends on your policy's definitions.
Coverage can be focused or more comprehensive.
Critical Illness Insurance isn't one-size-fits-all. Some policies focus on a smaller number of major illnesses, while others provide broader coverage across a wider range of conditions. What's covered, how conditions are defined, and eligibility requirements vary by insurer and policy.
Focused coverage
Fewer covered conditions
Protection focused on major illnesses
Broader coverage
More covered conditions
Protection across a wider range of covered illnesses
A licensed Canadian insurance advisor can help you compare available options and understand what each policy covers.
How coverage works
A simple path from application to benefit, subject to your policy's terms and conditions.
Apply for coverage
Choose the coverage you're considering and complete an insurance application with a licensed advisor's guidance.
Coverage is approved and begins
If approved, your policy takes effect according to its terms and effective date.
Diagnosed with a covered condition
If you're later diagnosed with a covered condition, a claim can be submitted and assessed against your policy's definitions.
Lump-sum benefit, if approved
If the claim satisfies your policy's requirements, you receive the applicable lump-sum benefit.
Coverage from established Canadian insurers.
Your licensed Canadian insurance advisor can help you explore Critical Illness Insurance options from established insurers and understand the differences between available policies.
iA Financial Group
One of Canada's largest insurance and wealth management groups, iA has been serving Canadians for more than 130 years and holds a leading position in individual insurance, including Critical Illness Insurance.
1892
Founded
11.9M+
Clients
#1 in Critical Illness Insurance
By premiums and policies sold in Canada, according to iA.
Manulife
Founded in Canada in 1887, Manulife has grown into a global financial services company while maintaining deep Canadian roots, serving millions of customers across the country.
1887
Founded
7M+
Customers in Canada
37M+ customers worldwide
As reported by Manulife for 2025.
Canada Protection Plan
From Foresters Financial™
Canada Protection Plan specializes in simplified and no-medical insurance solutions, including Critical Illness coverage designed to make protection accessible to a wider range of Canadians.
1874
Foresters serving Canadians since
25 Years
Consecutive A (Excellent) A.M. Best Rating
These figures reflect Foresters Financial, Canada Protection Plan's parent organization, not Canada Protection Plan independently.
Simplified & No-Medical Options
Its Critical Illness options may provide additional possibilities for some applicants with prior health conditions or previous insurance challenges, subject to eligibility and policy requirements.
Shown for informational purposes only, not as a ranking or comparison. Serenity is not an insurer. Product availability, eligibility, and approval vary by insurer, province, and individual application — not every visitor will qualify for or receive products from every company listed.
Life's unexpected turns don't wait for a good time
Why this financial protection can matter
A lump-sum benefit, if your claim is approved, is designed to give you room to breathe when it matters most.
- Time to focus on recovery, not on how the bills will get paid
- Help with income, everyday bills, and household expenses
- Financial breathing room when you need it most
- Flexibility in how the benefit is used, subject to policy terms
Warm lifestyle photography — recovery / family support moment
See what coverage could look like for you.
A free, no-obligation quote takes less than 60 seconds.
Future photography — licensed advisor team (2–4 people), modern professional environment, candid and approachable, not stock call-centre imagery
You'll talk to a licensed advisor, not a call centre script.
Once you request a quote, a licensed Canadian insurance advisor follows up to understand your situation and walk you through coverage options that may fit, subject to eligibility and underwriting. Serenity connects you with this advisor; Serenity itself is not the licensed insurer or advisor.
- Independently licensed insurance advisors, regulated across Canada
- No obligation to purchase after requesting a quote
- Guidance in plain language, not insurance jargon
Frequently asked questions
Critical Illness Insurance (CII) is a type of insurance that can provide a lump-sum benefit if you're diagnosed with a covered condition, subject to your policy's terms, definitions, and waiting periods. It's designed to help ease the financial pressure that can come with a serious health event.
Provincial health coverage and workplace health plans typically help with medical costs. Critical Illness Insurance instead pays a lump sum directly to you if you're diagnosed with a covered condition, which you can use however you choose, subject to your policy's terms.
Serenity helps Canadians connect with a licensed insurance advisor to explore Critical Illness Insurance options from leading Canadian insurers. Serenity is not an insurance carrier and does not underwrite policies.
Requirements vary by insurer, coverage amount, and your health profile. A licensed advisor will walk you through what's needed for your specific situation after your initial quote request.
No. Requesting a quote is free and non-binding. A licensed advisor will follow up to learn more about your needs and share options, subject to eligibility and underwriting.
Ready to protect life's unexpected turns?
Get your free Critical Illness Insurance quote today.