PARACHUTE Critical Illness Insurance

PARACHUTE Critical Illness Insurance pays a direct lump sum benefit if you are diagnosed with and survive a covered condition such as cancer, heart attack or stroke.

It complements life, health, and disability insurance, filling the gaps in your financial protection plan left by traditional insurance products.

Choose the PARACHUTE Critical Illness package that's right for you.

PARACHUTE Essential PARACHUTE Complete
Number of adult covered conditions 7 32
Number of child covered conditions 11 23
Multiple event coverage -- Included
Multiple cancer benefit -- Included
Early diagnosis benefit -- Included
Charitable donation $500 $500
PARACHUTE Essential
Adult covered conditions 7
Child covered conditions 11
Multiple event coverage --
Cancer recurrence benefit --
Early diagnosis benefit --
Charitable donation $500
PARACHUTE Complete
Adult covered conditions 32
Child covered conditions 23
Multiple event coverage Included
Cancer recurrence benefit Included
Early diagnosis benefit Included
Charitable donation $500
Octopus holding formsPARACHUTE in action
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Find out more about the covered conditions in each plan

Covered conditions for you and your spouse
PARACHUTE Essential PARACHUTE Complete
Aortic surgery   red-check
Benign brain tumour  red-check 
Cancer (life-threatening) red-check 
Coronary artery bypass surgery   red-check
Heart attack  red-check 
Heart valve replacement or repair  red-check
Stroke  red-check
Aplastic anemia red-check
Bacterial meningitis red-check
Blindness red-check
Coma red-check
Deafness red-check
Dementia, including Alzheimer’s disease red-check
Kidney failure red-check
Loss of independent existence red-check
Loss of limbs red-check
Loss of speech red-check
Major organ failure on waiting list red-check
Major organ transplant red-check
Motor neuron disease red-check
Multiple sclerosis red-check
Occupational HIV infection red-check
Paralysis red-check
Parkinson's disease, and Specified Atypical Parkinsonian Disorders red-check
Severe burns red-check
Ductal carcinoma in situ of breast* red-check
Early stage lymphocytic leukemia* red-check
Early stage thyroid cancer* red-check
Gastrointestinal stromal tumour* red-check
Stage 1A malignant melanoma* red-check
Stage A (T1a or T1b) prostate cancer* red-check
Coronary angioplasty**  red-check
* Included as part of the Early Diagnosis Benefit under Cancer (non-life-threatening).
** Included as part of the Early Diagnosis Benefit.
Covered conditions for your children
PARACHUTE Essential PARACHUTE Complete
Autism
Benign brain tumour
Cancer (life-threatening)
Cerebral palsy
Congenital heart disease requiring surgery
Cystic fibrosis
Down syndrome
Heart attack
Muscular dystrophy
Stroke
Type 1 diabetes mellitus
Bacterial meningitis
Blindness
Coma
Deafness
Kidney failure
Loss of limbs 
Loss of speech
Major organ transplant
Major organ transplant on waiting list
Multiple sclerosis
Paralysis
Severe burns

Click here to view covered conditions definitions.

Multiple event coverage

PARACHUTE Complete policies don’t terminate after the payment of a first claim. With multiple event coverage, you and your spouse can make up to four claims at 100% of your respective coverage amounts.There must be a continuous 90-day gap between diagnoses, and each claim must belong to a different category.

Multiple cancer benefit

If you or your spouse receives a payment for a cancer (life-threatening) claim, you may still be covered for future cancer (life-threatening) claim(s) under the multiple cancer benefit.

Early diagnosis benefit

Some conditions, while not life-threatening, may still generate unplanned expenses and require time off work. If you're diagnosed with an early diagnosis benefit condition, we'll pay you 10% of your coverage amount, so you can take the time you need to recover.

Charitable donations

Charitable organizations can provide valuable assistance if you or a loved one is diagnosed with a critical illness. That is why we will make a one-time $500 donation to the approved charity of your choice when your first claim is approved and paid.

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