Personal Accident Insurance

The flexible, affordable and convenient way to help protect the ones you love⁽¹⁾.

Losing a loved one due to an accident is particularly difficult because it’s so sudden and unexpected. Injuries, excluding adverse events in medical care, are the leading cause of death for Canadians between the ages of 1 and 44 and the fourth leading cause of death for Canadians of all ages⁽²⁾. That’s why personal accident insurance from RBC Insurance^® is so important.

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• Complement your life insurance with personal accident insurance.

  Personal accident insurance can help ease the financial strain of day-to-day expenses and help your loved ones maintain their standard of living, should a fatal accident happen to you or your spouse. You can also have peace of mind knowing that your beneficiary will have the funds to pay the expenses of a funeral, burial and final taxation.

  Our personal accident insurance offers the following key benefits:

  • Flexible: Choose the amount of coverage that suits your needs, from $25,000 to $250,000. Or, enrol for up to $2,000 in complimentary coverage as a thank you for being a valued RBC^® customer.
  • Affordable: Premiums start as low as $2.75 per month.
  • Convenient: No medical or physical exam is required to apply.
  • Risk-free: Take 30 days to look at the details of your insurance; if you change your mind within that time, cancel for a full refund.
  • Inflation Adjustment: If your coverage amount does not change for two consecutive years, the amount of your coverage increases by 5% every two years. 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.
  • Easy to apply: Acceptance is guaranteed if you’re a current RBC customer, between the ages of 18 and 69, and a Canadian resident.