Welcome to RBC Insurance^® Guarantee Standard Issue^® Plan (GSI)

back to top

Plan Types 

	Level Term to 65 Guaranteed Renewable
	Level Term to 75 Guaranteed Renewable

back to top

Optional Riders

	Functional Independence - available on all plans
	Return of Premium on Expiry - available on all plans
	Disability Waiver of Premium - available on all plans

back to top

Built-in Benefits

Lump Sum Benefit

The qualification for the lump sum benefit is not dependent on your inability to work, proof of reduction in income, or proof of expense incurred.

Insured Critical Illnesses

This plan provides a lump sum benefit as early as thirty (30) days after you meet the policy definition of any of the following insured critical illnesses:

	Alzheimer Disease		Major Organ Transplant
	Benign Brain Tumour*		Motor Neuron Disease**
	Blindness		Multiple Sclerosis
	Coma		Occupational HIV Infection***
	Coronary Artery Bypass Surgery		Paralysis
	Deafness		Parkinson’s Disease
	Heart Attack		Severe Burns
	Kidney Failure		Stroke
	Life Threatening Cancer
	Loss of Limbs
	Loss of Speech

Assistance Services

The Critical Illness Guarantee Standard Issue plan doesn’t just provide a claim cheque. It includes an array of Assistance Services, designed to assist your recovery by addressing a common need amongst individuals diagnosed with a critical illness.

	Best Doctors®
	Daily Living Assistance
	Healing the Whole Person

These services are all provided at no additional cost and can be used at your discretion.

back to top

Your premiums

Your premium amount will be set once your coverage is underwritten. The amount of your initial premium will be specified in your policy when it is issued. 

While you remain employed with your current employer, premiums are payable monthly. If you leave your current employment and continue your coverage under this policy, you will then have the option of paying your premiums monthly or annually. The monthly premium will be calculated by multiplying the annual premium by 0.09.

We can, at our discretion, change the premiums required from the policyowner under this policy. However, we only can do this when we make the same rate change for an entire group of policyowners, and where the relevant policies, policyowners and/or the persons insured under the policies share a characteristic or combination of characteristics that we determine to be material to our risk under the affected policies. Also, we cannot increase the premiums for this policy more than once in any 12 month period. We will give the owner at least 31 days written notice of any premium increase.

If you wish to change from Smoker rates to Non-smoker rates after your policy is issued, or if you wish to reinstate your coverage after it terminates due to non-payment of premium, we reserve the right to request evidence of insurability satisfactory to us. A service fee may apply.

back to top

Exclusions and Limitations

1.	No benefits are payable for any claim that arises, directly or indirectly, from any of the following:

	the insured’s attempt to take their own life or to injure themselves, whether or not they are in possession of their mental faculties;
	the insured’s commission or attempted commission of a criminal offence;
	the insured’s intentional use or intake of any drug, poisonous substance, intoxicant or narcotic, other than as prescribed and administered by or in accordance with the instruction of a physician or as directed by the manufacturer, in the case of non-prescribed medication;
	war (whether declared or undeclared), hostile action of the armed forces of any country, insurrection or civil commotion, whether or not the insured participated in the war, hostile action, insurrection or civil commotion; or
	the insured’s operation or control of any land, water or air conveyance which is moved or operated by any means other than their own muscular power, while their blood alcohol concentration is in excess of 80 mg of alcohol per 100 ml of blood.

2.

No benefit is payable for or during any period that the insured is incarcerated in a jail, prison or other similar facility. 2. No benefits are payable for any condition, and this policy will automatically terminate, if, within 90 days following the later of the issue date and the date of the last reinstatement, the insured:

	is diagnosed with cancer;
	has any sign or symptom of cancer that becomes first manifest; or has any medical investigation initiated and subsequently leads to a diagnosis of cancer.

The above exclusion will not apply if the policy is accompanied by the Cancer Exclusion Amendment.

3.	No benefits are payable if the specific definition(s) as set out in this policy are not met.

Pre-Existing Conditions Limitation

Benefits are not payable under this policy for an Insured Critical Illness or an Other Insured Condition at any time during the 24 consecutive months immediately before the later of the date this policy came into force and the date it was reinstated after a lapse. However, this limitation does not apply to an Insured Critical Illness or an Other Insured Condition that are diagnosed more than 24 consecutive months after the later of the date this policy came into force and the date it was reinstated after a lapse.

For further details on this limitation, please refer to the Pre-Existing Condition Amendment included with your policy

back to top