What is Critical illness?

Critical illness is a serious life-threatening condition, which requires immediate medical attention. A critical illness can happen to anyone at any point in life and it can cause a major financial crisis in the life of affected person.

Critical Illness Insurance

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Some facts about Critical illnesses in Canada

The number of Canadians living with and surviving cancer has reached 1.5 million (Canadian cancer society statistics 2022).

  • 1 in 3 Canadians will develop cancer in their lifetime.
  • 1 in 4 Canadians will contract some form of heart disease. About 75,000 Canadians suffer heart attacks each year (Heart and Stroke Foundation).
  • 30% of all Parkinson's patients are under the age of 50. 20% of all Parkinson's patients are under the age of 40.
  • More than 50,000 Canadians have Multiple Sclerosis (MS). MS is the most common neurological disease among young Canadians.

Why critical illness insurance policy is necessary?

  • To cover your mortgage and other household debts payments
  • To pay your day-to-day grocery and utility bills
  • To pay your additional expenses on travel, drugs and hospital care
  • To protect your retirement savings for old age
  • To give you peace of mind and focus more on recovery

How critical illness insurance coverage works?

Most common critical illnesses like cancer, stroke and heart attack are covered by almost all insurance companies but the major difference lies in the covered conditions and their definitions. Critical illness insurance policy covers the list of specified conditions mentioned in the contract up to the coverage amount. At any stage after approval, if the insured is diagnosed with one of the covered illnesses specified in the contract, the insurer pays a tax-free lump sum amount after the satisfaction of waiting period (some exceptions apply). This tax-free lump sum money can be spent on any financial need during the medical crisis and the full focus can be shifted on the recovery.

Critical illness insurance Plans

  • Term and Permanent insurance plans available
  • Refund of premium plans available after 10 /15/20 years
  • First and second event coverage available in some plans
  • Expert medical opinions available to plan members
  • Psychological, legal and emotional support available to plan members
  • Claims are paid in tax-free lumpsum amounts based on the coverage

Common questions asked

  • How much coverage do you need?
  • Which critical illness insurance plan is best for you?
  • Can you upgrade your basic plan?
  • What happens if you don’t get a critical illness?
  • Are the critical illness insurance claims paid?
  • How long and difficult is the claims process?
We will answer all your questions and help you in building a solid plan for yourself and your family based on your needs and budget.
Send all your questions or concerns in the email or call at 604-358-0590
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BAZPURIA “Deep Randhawa”

We have been working with Mr.Rajdeep Sekhon and Manmohan Sekhon for about 12years.Manmohan Sekhon is an exceptional agent. She is professional, honest, knowledgeable, helpful and caring. She went above and beyond to help us. I would certainly recommend her services to all my family and friends.

Supriya Sandhu

Manmohan's customer service is simply exceptional, and she is truly dedicated and passionate about the work she does for her clients. She always goes above and beyond to explain the long-term benefits of the best plan to us, and makes sure that we understand how crucial it is to secure our family's future!

Lauren Dhunna

Manmohan Sekhon is a highly competent financial advisor, and a very earnest and sincere individual in providing professional services. She is highly experienced, knowledgeable, and informed about the most cost-efficient plans, and I always refer Manmohan to all my family and friends.

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