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Benefits of Personal Accident Insurance

The flexible, affordable and convenient way to help protect the ones you love1.

Group

Easy Qualification

Personal accident insurance can be an ideal alternative if you are unable to qualify for other types of life insurance.

Wallet

Affordable

Premiums for personal accident insurance are typically lower than for other types of life insurance.

Payments

Tax-Free Benefit

Your beneficiaries will receive a tax-free death benefit if you pass away due to a covered accident.3

Plan Details

Personal Accident Protection Plan

If you're an RBC® customer, Personal accident insurance can help cover day-to-day expenses and help your loved ones maintain their standard of living, should a fatal accident happen to you or your spouse.

Highlights

  • Coverage Available: $50,000 to $250,000
  • Affordable: Premiums start as low as $4.75 per month
  • Convenient: No medical or physical exam is required to apply
  • Risk-free: If you change your mind within 30 days, cancel for a full refund
  • Inflation Adjustment: Coverage amount can increase by 5% every two years2
  • Easy to apply: Acceptance is guaranteed if you're an RBC customer, age 18 to age 69, and a Canadian resident

The Right Choice If You

  • Want to supplement existing life insurance
  • Don't qualify for other types of life insurance
  • Work in a high-risk occupation

  • Are currently a customer of any RBC company
  • Are from age 18 to age 69
  • Are a Canadian resident

You may also enrol your spouse or partner (if you have been living with your partner for at least one year) for family coverage if he or she is from age 18 to age 69.

What's Covered?

Your policy covers you (and your spouse, if you purchase spousal coverage) until age 80 for:

If you die within one year, directly as a result of injuries caused by an accident only (other than an air travel accident), we will pay the Accidental Death benefit to your beneficiary or estate.

If you die within one year, directly as a result of injuries caused by an air travel accident only, we will pay:

  • The Accidental Death benefit if you are a fare-paying passenger on a regularly scheduled commercial airline flight
  • 50% of the Accidental Death benefit if you are a pilot, crewmember, or non-fare paying passenger on a regularly scheduled commercial airline flight

With family coverage only, you also receive additional coverage until age 80 for:

We will reimburse money paid for child care expenses for each dependent child under 16 years of age to his/her legal guardian. We will pay 2% of the Accidental Death benefit or $2,000, whichever is less, each year, up to a maximum of five years or until the dependent child is 16 years of age, whichever is earlier.

We will reimburse money paid for tuition expenses for each dependent child under 23 years of age who is either a full-time student at an accredited post-secondary institution on the date of your accident, or has enrolled in an accredited post-secondary institution within one year of your accident up to a maximum of 5% of the Accidental Death benefit or $5,000, whichever is less, each year for up to five years.

We will reimburse your spouse for eligible job training expenses, up to a maximum of 5% of the Accidental Death benefit or $5,000, whichever is less, each year for up to three years. Your spouse must apply for the training courses within 12 months of your death, and the training courses must be with an accredited occupational training program.

4

If you or your spouse are over age 70 and die within one year directly as a result of injuries caused by an accident, we will pay 50% of the Accidental Death benefit. In addition, we will not pay benefits if you or your spouse's death results from:

  • Intentional self-injury, suicide or attempted suicide (whether sane or insane)
  • Committing or attempting to commit a criminal act
  • Alcohol, narcotics or drugs
  • Natural causes; illness or disease
  • Having medical treatment or surgery, except if the medical treatment or surgery was needed because of an accident
  • War or insurrection
  • Use (or threat of use) of biological, chemical or nuclear weapons and/or devices
  • High-risk activities - including but not limited to participating in a contest of speed, riding or driving as a professional in any kind of race for prize money or profit, scuba diving, skydiving, parachuting, hang-gliding, rock or mountain climbing, bungee jumping
  • An air travel accident, except if you or your spouse were a paying passenger on a regularly scheduled commercial airline flight

To be eligible for benefits, coverage must have been in effect both at the time of the accident and at the time of death.

The information above is intended as a summary only. Please see a sample Certificate of Insurance for complete coverage exclusions.

About Your Premiums

Your payments will not increase with age, however it is possible for group rates to change in the future.

Personal Accident Insurance FAQs

Find answers to your questions about the Personal Accident Protection plan.

You are eligible to enrol for coverage if you are:

  • A current customer of any RBC® company, and
  • Age 18 to age 69, and
  • A Canadian resident

You may also enrol your spouse or partner (if you have been living with your partner for at least one year) for family coverage if he or she is from age 18 to age 69.

As long as you've been living with your partner for at least one year and he or she is from age 18 to age 69, you can purchase family coverage to protect both yourself and your partner.

Your payments will not increase with age. While it is possible for the group rates to change, you alone will not be targeted for an increase. If the rates do change, we will provide you with a 60-day notice.

This plan is not available through RBC Royal Bank branches.

Yes. You can cancel at any time by calling us at 1-800-845-9750.

No, acceptance is guaranteed as long as you meet the eligibility requirements. You will not have to answer any health questions to apply.

Once we process your enrolment form you will receive a Certificate of Insurance in the mail, which will state your coverage effective date.

Your coverage ends on the earlier of:

  • The date of your death
  • The date you reach age 80 years old
  • The date you request to cancel your life insurance
  • The date you stop paying your insurance premiums (you have a 30-day grace period after payment is due)
  • The date you are no longer a Canadian resident
  • The date we stop offering it because the group policy under which this coverage is provided is cancelled

RBC Life Insurance Company is the underwriter and insurer. Personal Accident Protection is a group policy issued to the Royal Bank of Canada.

Enrol Now—It's Quick and Easy

If you’re an RBC client, age 18 to age 69, and a Canadian resident, your acceptance is guaranteed.

PhoneFrom Québec: 1-888-659-0099

RBC Life Insurance Company is the underwriter and insurer. Personal Accident Protection is a group policy issued to the Royal Bank of Canada.
1)
You are eligible to enrol for personal accident insurance if you are a current customer of any RBC company, age 18 to age 69, and a Canadian resident.
2)
If your coverage amount does not change for two consecutive years, the amount of your coverage increases by 5%. For example, if you have $200,000 in coverage for two years and die due to an accident, your beneficiary will be entitled to $210,000. The maximum number of times we will increase the original accidental death benefit due to inflation is 10 times.
3)
Note that probate fees are applicable if you have not designated a beneficiary and the proceeds of your policy become part of your estate.
4)
The information above is intended as a summary only. Please see a sample Certificate of Insurance for complete coverage exclusions.