RMS Life Insurance Brokerage

We are licensed independent insurance brokers in Ontario Canada, providing a wide range of Life, Health and Travel insurance products for individuals and groups.

Visitors’ Insurance

Are you planning to visit Canada

Are your parents or other loved ones are coming to Canada on a visit visa?

Are you applying for Super Visa for your parents or grandparents?

Are you a new Canadian immigrant and are planning to come to Canada or have already landed in Canada and waiting for your health card to be processed?

You need medical insurance due to the following reasons:

Medical Care in Canada can be costly. Estimated cost of Emergency visit: $ 200

General Ward rate per night: $ 2,500

MRI with enhancement: $ 2,000

CAT scan with enhancement: $ 1,000

Day surgery: $ 800

The above are approximate prevailing rates and may vary.

All above benefits are available to individual and families visiting Canada from the time of their landing

till their departure from Canada. Normally a maximum coverage period of 180 days is provided, however, this period can be extended in some cases. Most of the policies exclude pre-existing medical conditions but our Visitors Insurance policy provides coverage against stable chronic conditions.

New Comers to Canada

New immigrants to Canada need health insurance while they wait for their medical care card application to go through. Our medical insurance for new immigrants provides all the coverage and benefits available to visitors to Canada as mentioned above

Canadian Travelers

Canadians traveling to US and other parts of the world need travel insurance to meet the unexpected circumstances resulting in illness, injuries or other travel inconveniences. Our travel insurance policy provides compensation against the expenses resulting due to the above mishaps, as per policy limits.

A travel insurance policy provides a combination of life insurance, medical expense reimbursement and travel inconvenience benefits to the insured and his or her family members if they are covered in the policy. The travel inconvenience benefits include loss of luggage, flight delays, flight cancellation, loss of credit cards etc.

Term Life

A term life insurance policy is issued for a specific term such as 10 years, 15 years or 20 years. In some cases a longer duration term policy can also be issued. The policy is expired upon the end of the policy period or upon the death of the insured. This type of insurance policy is obtained to cover specific security needs such as mortgage and any other credit obligations or to provide lump sum amount to the beneficiaries in case of death of the insured.

Whole Life

This is the most basic form of life insurance policy with an accumulated cash value. This policy has both the insurance and investment components against a level premium. The investment component accumulates the cash value which can be withdrawn or borrowed against by the policyholder

Mortgage Life Insurance

This life insurance policy is structured to repay the outstanding mortgage amount in the event of the death of the insured. The premium under this policy is normally level for the entire duration of the mortgage, however, the death benefit decreases according to the outstanding mortgage amount. This is called decreasing term insurance. A level term insurance policy is also available which is more appropriate for an interest only mortgage.

Critical Illness Insurance

Critical Illness insurance covers against the discovery of certain major health conditions or critical illnesses. It pays the insured a lump sum amount if the insured suffers from cancer, heart disease, stroke or certain other critical illnesses.

Disability Insurance

A disability insurance policy provides supplementary income if the insured is disabled and is not able to pursue his or her regular employment as a result of an illness or an accident. The benefits under this policy are provided on monthly basis to enable the insured to maintain his or her standard of living.

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