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    Protect Your Finances from
    Life's Unexpected Health Challenges

    A serious illness can strike anyone, anytime. Critical illness insurance from Punjab Insurance provides a lump-sum payment if you're diagnosed with a covered condition-so you can focus on recovery, not bills.

    Critical Illness Insurance

    What Is Critical Illness Insurance?

    Critical illness insurance pays you a tax-free lump sum if you're diagnosed with a covered serious illness and survive the waiting period (usually 30 days). This benefit is yours to use however you need-whether it's covering medical bills, paying your mortgage, or supporting your family during recovery.

    • Coverage for major illnesses like cancer, heart attack, and stroke
    • Up to 22 covered conditions with leading Canadian insurers
    • Helps replace lost income and cover out-of-pocket expenses
    • Flexible coverage amounts to fit your needs and budget

    Critical Illness Insurance Quote

    Get Quote

    Why Do You Need Critical Illness Coverage?

    • 1 in 3 Canadians will develop life-threatening cancer
    • 1 in 2 heart attack victims are under 65
    • 50,000 Canadians suffer a stroke each year-most are left with a disability
    • Provincial health plans and group benefits may not cover private nursing, home modifications, or out-of-country treatment

    Critical illness insurance helps fill these gaps and provides peace of mind for you and your family.

    Key Benefits

    • Lump-sum payment on diagnosis of a covered illness
    • Use funds for any purpose: medical care, debt, home care, travel, or daily living
    • Maintain your independence and lifestyle during recovery
    • Access to Best Doctors service with many policies
    • Optional return of premium rider (get your premiums back if no claim is made)

    What's Covered?

    • Cancer, heart attack, stroke, MS, ALS, Alzheimer's, Parkinson's, blindness, deafness, loss of speech, coma, severe burns, and more (coverage varies by policy)
    • Some plans cover up to 22 illnesses-ask your advisor for a complete list

    Why Choose Punjab Insurance?

    Access to Canada's top insurer
    Access to Canada's top insurers and competitive quotes
    Expert advisors
    Expert advisors to help you compare options and choose the right coverage
    Transparent advice
    Transparent advice on the pros and cons of each option

    FREQUENTLY ASKED QUESTIONS

    Frequently Asked Questions about
    Critical Illness Insurance

    Who should consider critical illness insurance?
    Anyone who relies on their income, has dependents, or wants protection from the financial impact of a serious illness.
    How can I use the benefit?
    Use it for medical bills, debt, living expenses, travel, or any need during your recovery.
    Can I get my premiums back if I don't claim?
    Many policies offer a return of premium option for an extra charge.
    How do I get started?
    Get a free quote or schedule a call with a licensed Punjab Insurance advisor for personalized help.
    View all Faq's

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    Why Families & Businesses Choose Punjab Insurance

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    Be financially prepared for life-changing health events. Get a lump-sum payout that helps cover treatment, recovery, and daily needs-so you can focus on healing, not costs.
    Disclaimer: Information on this page is for general guidance only and not a substitute for professional advice. Please consult a licensed Punjab Insurance advisor for personalized recommendations.