Types of Insurance Explained: Canadian Insurance Types
Refer to the following for the different types of insurance explained and offered within Canada. If you have any questions please feel free to contact us.
– Individual Health Insurance
– Group Insurance (Employee Benefits)
– Travel Medical Insurance
– Visitors to Canada Benefits (Note: VTC is used for returning Canadian expatriates).
– Disability Insurance
– Critical Illness Benefits
Individual health insurance is also known as personal, or family, health insurance. It supplements your provincial health care coverage, and may or may not provide extended dental care.
Individual health insurance is for single people, families and couples.
Note: if you are covered under an employee benefit plan from work then you probably do not need to purchase personal health insurance. However, it is possible to increase your group insurance coverage by buying personal health insurance, disability insurance, critical illness, life insurance, etc.
Group insurance, often referred to as employee benefits, is purchased by companies, which then offer their employees these benefits.
The type of coverage varies, depending on the insurance carrier and plan type. Typcially group insurance has extended health benefits, some life insurance, possibly long term disability and extended dental benefits.
Note: if you are covered under an employee benefit plan you have the option of augmenting your coverage by buying personal health insurance, disability insurance, critical illness, life insurance, etc.
– Get Group Quotes –
Travel medical insurance provides protection for people travelling in case of a sudden accident or illness.
We provide travel medical insurance for Canadians as well as non-Canadians travelling abroad.
Visitors to Canada benefits applies to the following people:
- Canadian expatriates.
- Landed immigrants, foreign students and workers.
- Anybody else who is just visiting Canada.