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An MRI machine ready to test a medical student, resident or fellow for a critical illness covered by insurance.

Critical Illness Insurance For Medical Students

Category 1: Cover needs

What if you have a cancer, heart attack, or stroke?

While there are many insurance products, each has a different function. For example, if you are unable to work due to an illness or injury:

What if you have a serious illness? The products above do not provide benefits for:

  • Expenses excluded by government or private health insurance
  • Additional expenses, such as home renovations to accommodate a wheelchair

What can you do if you don’t want to dip into your savings or add debt?

Get tax-free cash when diagnosed with a covered condition

With critical illness insurance for medical students, residents and fellows, you get tax-free cash to use the way you want after you are diagnosed with a covered condition (see general product details).

As part of the RBC Medical Student Offer, you can get $50,000 to $100,000 of critical illness insurance regardless of your health and finances. As part of the offer, you must first apply for disability insurance to protect your income. You can then apply for critical illness insurance:

  • At the same time
  • Wait until your first year of practice

Note: you are not required to get critical illness insurance to be eligible for disability insurance.

Your RBC Critical Illness Recovery Plan is guaranteed. As long as you pay your level premiums on time, RBC can’t change the plan, increase your premiums or cancel your coverage. Coverage ends at age 75, when you’ll likely be retired.


  • Face Amount: you get a lump sum benefit to use as you wish if:
    • You are diagnosed with a covered condition, and
    • You survive a specified period (usually 30 days, depending on the condition)
  • 25 Covered Conditions: aortic surgery, aplastic anemia, bacterial meningitis, benign brain tumour, blindness, cancer (life-threatening), coma, coronary artery bypass surgery, deafness, dementia (including Alzheimer’s disease), heart attack, heart valve replacement or repair, kidney failure, loss of independent existence, loss of limbs, loss of speech, major organ failure on the waiting list, major organ transplant, motor neuron disease, multiple sclerosis, occupational HIV infections, paralysis, Parkinson disease and specified atypical Parkinsonian disorders, severe burns, stroke
  • 7 Early Assistance Conditions: you get a lump sum of 10% of the face amount up to a maximum of $50,000 (which does not reduce your face amount) if:
    • You are diagnosed with a covered condition: early stages of prostate cancer, breast cancer, skin cancer, blood cancer, intestinal cancer, thyroid cancer or receive a coronary angioplasty, and
    • You survive at least 30 days (usually 30 days, depending on the condition)
  • Long-Term Care Conversion: subject to certain conditions — primarily that you are between ages 55 and 65, and have no critical illness claim pending — you can convert your critical illness insurance to long-term care insurance without proof of good health.
    • Under the long-term care policy, if you are unable to perform two or more Activities of Daily Living (bathing, dressing, toileting, bladder and bowel continence, transferring positions and feeding), you receive a tax-free monthly benefit to help provide care for you
    • Premiums are based on your age at conversion
    • Converting is a good way to protect yourself in retirement, especially if you’ve become uninsurable otherwise
  • Best Doctors®: you have unlimited access to assistance from Best Doctors, which can help you find and use treatments and medical experts you might not be able to access otherwise. Your spouse and dependents can use Best Doctors every three years.
  • Healing the Whole Person: if you are diagnosed with a covered condition, you receive membership in the Healing Journey Program, which provides emotional support to help you cope with your illness. It includes
    • The Healing Journey book by cancer survivor Dr. Alastair Cunningham, who developed the program
    • A series of audio and video recordings for different parts of the journey
    • Access to a website with chat rooms to connect with cancer survivors and qualified professionals
  • Daily Living Assistance: once your claim is approved, you get access to a Care Coach who :
    • Makes care suggestions
    • Finds and schedules appropriate treatments
    • Your Care Coach also helps with:
      • Locating child care or elder care
      • Arranging transportation
      • Setting up appointments (e.g., physicians, physical and occupational therapists, personal trainers, nutritionists or other professionals)
      • Arranging purchases and services (e.g., grocery shopping, food preparation, lawn mowing, bill paying and other responsibilities)
      • Identifying social and recreational opportunities (e.g., companionship programs, leisure or volunteer activities)
      • Maintaining your independence (e.g., home or vehicle modifications)
      • Accessing support organizations (e.g., local charities or other support groups)
      • Tip sheets and other information (e.g., on a website created specifically for critical illness claimants)

Get personalized information about critical illness insurance

Would you like to understand your options for critical illness insurance and get answers to your questions?

To get help, select a convenient date/time for a video meeting. Afterwards, decide whether coverage is right for you. When you are ready, we complete your insurance e-application together. We then monitor the progress of your application, keep you updated, and guide you through the policy delivery process.

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