A serious illness doesn’t just impact your health — it affects your income, lifestyle, and long-term security. At Punjab Insurance Calgary, we offer Critical Illness Insurance plans designed to help you recover without the added stress of financial hardship.

Whether it’s cancer, stroke, heart attack, or another life-altering diagnosis, our Critical Illness Insurance provides a lump-sum cash benefit to support you and your family — when you need it the most.

What Is Critical Illness Insurance?

Critical Illness Insurance in Canada provides a tax-free lump-sum payment if you’re diagnosed with one of several specified critical conditions and survive the required waiting period (typically 30 days). You can use the money however you need — to pay off debt, fund out-of-country treatment, cover daily expenses, or simply take time to recover.

Why You Should Consider Critical Illness Coverage

Even with a healthy lifestyle, no one is immune to unexpected illness:

• 1 in 3 Canadians will be diagnosed with a life-threatening cancer
• 50% of heart attack victims are under the age of 65
• Over 50,000 strokes occur in Canada each year — and 75% result in long-term disability

What Does Critical Illness Insurance Cover?

Our policies can cover anywhere from 3 to 26+ conditions, depending on your needs and budget. Coverage includes:

• Cancer
• Heart Attack
• Stroke
• Multiple Sclerosis (MS)
• Alzheimer’s & Parkinson’s
• ALS (Lou Gehrig’s Disease)

• Blindness / Deafness / Coma
• Major Organ Transplant
• Severe Burns
• Loss of Independence
• And many more…

Ask us about customizable coverage and Return of Premium options if no claim is made.

How You Can Use the Lump-Sum Benefit

• Pay off or reduce your mortgage or credit card debt
• Cover non-insured medical treatments or prescription costs
• Access specialist care in or outside of Canada
• Modify your home or vehicle to improve mobility
• Fund a leave of absence for you or your caregiver
• Replace income lost due to illness
• Simply reduce financial stress so you can focus on recovery

Who Needs Critical Illness Insurance?

We recommend this coverage to:

• Primary income earners
• Self-employed or small business owners
• Individuals with a family history of critical illness
• Parents with young children
• People with outstanding loans or mortgages
• Employees without group benefits
• Anyone seeking financial peace of mind during illness
• Pre-retirees concerned about healthcare costs