You're covered for 25 critical illnesses, including heart attack, cancer, and stroke.
Common uses of your Critical Illness Benefit include:
- Private nursing care
- Paying off bills
- Home adaptation
- Taking a vacation
- Supplementing your pension
Eligibility
Mount Royal Alumni Association members and their spouses under 65 years of age, who are residing in Canada.
What makes your alumni plan special?
Your group advantage
The MRU Alumni Association uses your group buying power to negotiate exceptional value, with features you won’t find anywhere else.
Portability
While employer plans can terminate if you change jobs, alumni insurance stays with you no matter what your work status.
A trusted provider
As a customer of iA Financial Group Insurance and Financial Services, you can enjoy the peace of mind that comes with sound financial backing, dependable corporate integrity and years of dedicated service.
Spouse Coverage
Your spouse is also eligible to apply under your alumni plan. It's even better to have Critical Illness Insurance, together.
And much more!
Your group plan offers special coverage features including Claims at TuGo and coverage for several non-life threatening conditions.
You and your spouse can each apply for coverage to a maximum of $300,000. Together, you could have up to $600,000 of protection for your family.
Critical Illness Insurance
Your Monthly Premium (per $25,000 of coverage):
| Member and/or Spouse |
|---|
| Age as of June 1*** | Male | Female |
| | Non-Smoker* | Smoker | Non-Smoker* | Smoker |
| 24 or less | $3.60 | $4.90 | $3.75 | $4.75 |
| 25 - 29 | $4.80 | $8.15 | $4.95 | $8.40 |
| 30 - 34 | $6.10 | $11.00 | $6.30 | $11.25 |
| 35 - 39 | $7.35 | $13.45 | $7.65 | $13.80 |
| 40 - 44 | $10.10 | $21.90 | $10.50 | $19.70 |
| 45 -4 9 | $15.85 | $36.90 | $16.00 | $31.05 |
| 50 - 54 | $22.60 | $59.25 | $22.70 | $50.25 |
| 55 - 59 | $30.20 | $80.55 | $29.95 | $68.35 |
| 60 - 64 | $50.60 | $134.55 | $49.80 | $101.60 |
| 65 - 69** | $74.35 | $202.25 | $73.95 | $157.60 |
| 70 - 74** | $161.30 | $371.20 | $114.55 | $242.65 |
Rates are subject to provincial sales tax where applicable.
Important information about your premium rates
*Non-smoker rates apply to individuals who, at the time of application, have not used tobacco, nicotine, or cannabis mixed with tobacco in any form whatsoever within the last 12 months and who have provided satisfactory evidence of insurability.
**The premiums shown for ages 65 to 74 are for renewal of existing coverage only.
***Premiums are calculated each year, based on your age at June 1, and will increase as you reach a higher age band.
You can also apply for up to $10,000 in coverage for your children. Children will be protected for the same 25 illnesses as adults plus the following 6 child-specific conditions:
- Cerebral Palsy
- Down’s Syndrome
- Congenital Heart Disease
- Muscular Dystrophy
- Cystic Fibrosis
- Type 1 Diabetes
For more information and application instructions, please visit our Dependent Children Critical Illness Insurance page.
1. Am I eligible for Critical Illness Insurance?
If you’re a Mount Royal University Alumni Association member, both you and your spouse are eligible to apply for Critical Illness Insurance. Your spouse can apply, even if you choose not to.
You must also be residing in Canada, and less than 65 years of age.
Spouse means the legal spouse of a member, providing there is no separation in effect, or an individual who has been residing in a marriage-like relationship with the member for a period of at least 12 consecutive months.
Your spouse must also be residing in Canada, and less than 65 years of age.
2. When does my coverage terminate?
On the earliest of the following dates:
- the end of the policy year coincident with or next following your 75 birthday;
- the end of the month in which your written request to cancel your insurance is received;
- the end of the month in which you are no longer eligible;
- the date the Group Master Policy between the Mount Royal University Alumni Association and iA Financial Group terminates;
- in regard to your spouse's Critical Illness Insurance, the earliest of the above, or the end of the policy year coincident with or next following the date they reach age 75, or the end of the month in which they no longer qualify as a "spouse".
3. Will my premiums stay the same?
Premiums are calculated based on your age and applicable rate as of June 1 each year. As the rates are in 5-year age bands, premiums will increase as you reach a higher age band.
Please refer to the pricing tab to find out your age band and monthly premium.
4. Can I change amounts of insurance?
Yes, provided your total coverage is no more than $300,000. To increase coverage, you will need to complete a new application. You can print off the appropriate application in the "Apply Now" section.
Decreases in coverage require your written authorization. These can be submitted to us by mail. Please ensure you have signed and dated your request. You can mail your request to:
Special Markets Solutions
iA Financial Group
400 - 988 Broadway W.
PO Box 5900
Vancouver BC V6B 5H6
5. Are there any limitations or exclusions I should be aware of?
There are several important limitations and exclusions:
Any covered condition or AdvanceCare Benefit Condition diagnosed prior to the effective date of coverage is excluded.
If you are diagnosed with a benign brain tumour or cancer within the first 90 days of coverage, a benefit will not be payable and benign brain tumour or cancer will no longer be considered covered conditions.
No benefit will be paid if the covered condition or AdvanceCare Benefit Condition results from attempted suicide, alcohol or drug abuse, war or armed forces service, self-inflicted injury, taking poison or inhaling gas or participation in a criminal act.
For paralysis, blindness, deafness, severe burns, stroke, coma, or loss of limbs no benefit will be paid if the condition is a result of participating in amateur or professional boxing, bungee jumping, B.A.S.E. jumping, cliff diving, mountain climbing, motor vehicle racing or speed competition on land and/or water, parachuting or underwater activities, including scuba diving or snuba diving. There is also an exclusion for certain pilots.
Some illnesses have exclusions, refer to the full illness definition list for details.
6. Where can I find out more information?
For more information please see our Customer Service page.
You can also speak to a Client Service Specialist by email at solutions@ia.ca, or call our toll-free number at 1 (800) 266-5667 (6:30am to 4:30pm Pacific Time).
