Family Insurance

Your family is your top priority and doing the right thing when it comes to your family’s future is important

Family Insurance

Like most parents, you lead a busy life. Your family is your top priority and doing the right thing when it comes to your family’s future is important. That includes making sure they are financially prepared should something happen.

Sudden health care expenses can put added pressure on an already-stretched financial budget, especially where families are involved. Private family health insurance plans are designed to ensure that you and the rest of your clan are covered for day-to-day health maintenance as well as medical emergencies. Here in Canada, we are fortunate to have some medical coverage through our Medicare health care program.

However, some coverage does not mean all coverage. While essential in-hospital care comes free of charge, for the most part, you are required to pay out-of-pocket for common medical services like:

  • Prescription drugs
  • Routine check-ups, simple and enhanced dental procedures
  • Eye exams and prescription eye wear
  • Registered specialists and therapists
  • Emergency medical travel coverage

Health care is a family affair

You can purchase a family health insurance plan through one of many health benefits providers to supplement your provincial or territorial insurance. It’s the right decision to make for yourself and for your loved ones, especially if:

  • You have no group health benefits at work
  • You are about to lose your group health coverage
  • You are self-employed, work on contract or freelance and don’t have personal health insurance.

More About Family Insurance

Ask yourself

Have you done everything you can to make sure your family is financially prepared if one of you dies unexpectedly or becomes seriously ill?

Protect your family and your finances with insurance solutions from FInancial Doctor

Consider how life insurance and critical illness insurance can help:

Critical illness insurance

Critical illness insurance helps ease the financial impact if you or your children become seriously ill with a covered condition or illness. It can help you manage additional costs and everyday expenses such as:

  • Additional medical expenses not covered by a medical plan, mortgage payments, child care and education savings, and retirement savings.
  • Insuring your children means you can take time away from work to help care for them without having to worry about lost income.
  • It’s about helping your family focus on recovery, not finances.
  • Contact Us today, because your family comes first.

Life insurance

Life insurance helps provide for your family should you pass away unexpectedly. By insuring your children, you can protect their future insurability and provide a solid foundation for their financial future.

Term life insurance – can be an affordable way for you to protect yourself and is a simple step in your financial strategy. It provides temporary coverage that can be converted to permanent insurance later on.

Permanent life insurance – provides you with lifetime protection. It’s also a great solution for children because the younger they are when you purchase, the lower the cost will be.

Frequently Asked Questions

What is the meaning of insurance?
Insurance is a protection against financial loss arising on the happening of an unexpected event. Insurance companies collect premiums to provide for this protection and losses are paid out of the premiums collected from the insuring public.
Why do I need Insurance?
Insurance is a hedge against the occurrence of unforeseen incidents. Insurance products help you in not only mitigating risks but also helps you by providing a financial cushion against adverse financial burdens suffered.
Why should one cover oneself immediately ?
Accidents and mishaps can occur anytime and anywhere. It is important to identify the risks faced and insure oneself against these at the earliest.
How to Choose the Best Term Plan?
While selecting a term plan, you need to look for the following and ensure that your family has the best financial protection with the term plan:

Claim settlement record of a life insurance company indicates the ultimate moment of truth for the customer. Claim settlement record can be assessed through a percent number (Claim Settlement Ratio) released by IRDAI (Insurance Regulatory and Development Authority India) every year.

How much life cover do I need?
The life cover you need depends on your current annual income. We recommend that a life cover equivalent to 10-15 times your annual income is sufficient to provide for a safe future for your family.
If budget is a problem, you could go for monthly premium payment option over a yearly commitment. However, it is important to have a sufficient life cover so that your family’s financial security is not compromised.
What is Critical illness benefit ?
If you are ever diagnosed with a critical illness, it can affect you physically, emotionally and financially. The optional benefit of covering 34 Critical Illnesses such as cancer, heart attack and kidney failure for a maximum of 30 years without any change in premium. But here’s the best part – It gives full claim payout on the first diagnosis of any of the covered 34 Critical Illnesses. No Hospital Bills required. This amount can also safeguard your family against the loss of income arising out of the illness.
Want Any Help Than Contact Us
Send via WhatsApp