Canada Life Insurance is one of the leading providers known for its wide range of life insurance products and financial solutions. They offer various policies, from term life to comprehensive coverage, focusing on customer service and financial security. Trusted by many, Canada Life continues to be a top choice for individuals and families seeking reliable life insurance.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
Great-West Life Company, a leading insurance provider, is renowned for its wide range of insurance products and financial services. Now integrated with Canada Life, the company offers enhanced life insurance options and comprehensive financial planning services. This partnership ensures robust support and tailored solutions for clients across Canada, maintaining a strong commitment to financial security and customer satisfaction.
Term Plans
Canada Life Insurance offers a variety of policies to suit your needs, providing a one-time, tax-free payment to your chosen beneficiaries upon your death, as long as you keep up with your premiums. With different types of life insurance available, you can find a policy that protects your family and fits into your overall financial plan. Some policies even allow you to access funds while you're still alive, offering additional financial flexibility and security.
Canada life insurance can help your family stay financially stable in the event of your unfortunate demise.
The payout from a term life insurance can cover the outstanding loans and debts in your absence.
With a life insurance plan in place, you can lead a stress-free life knowing that your family will be protected.
The 2 types of life insurance plans offered by Canada Life are as follows:
Limited term cover
Affordable premiums
Fixed payments
It can be converted into permanent
Lifetime coverage
Higher premiums
Flexible payments
Builds cash value
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To help you choose the right type of life insurance offered by Canada Life, here is a comparison of the 2 types of plans offered by the company:
| Parameters | Term Life Insurance | Permanent Life Insurance |
| Duration | Limited cover | Long term cover |
| How it Helps? |
|
|
| Premiums | Most affordable premiums | Slightly higher premiums |
| Benefits | Offers only death benefits | Offers death and maturity benefits |
While choosing the ideal cover amount for your Canada life insurance plan, you should carefully assess the following factors:
Your annual income
Your current net worth
Your family’s financial needs
Your outstanding loans and debts
Your existing insurance plans
To get the Canada life insurance quote, you need to select the type of life insurance policy you want to buy and your profile details. Apart from that, the other factors that affect your Canada life insurance quote are as follows:
Age
Gender
Health
Occupation
NRIs living in Canada can buy term life insurance from Indian insurers and enjoy the following benefits.
Get an 18% GST waiver on premiums and a 5% additional discount on annual mode
Premiums lower than international term plans and benefits customised to fit NRI needs
Tele/video medical to remove the hassle of travelling to India for quick purchase
Global coverage with pre-approved cover and an avid customer support team
Choosing the term plan from the right insurer is easier with the comparison of CSR
Here is how you can buy term life insurance for NRIs from India in just a few steps:
Step 1: Visit the Term Insurance for NRI page of Policybazaar
Step 2: Fill in the required details like name, gender, and contact information
Step 3: Select the right annual income, occupation type, educational qualification, and smoking habits
Step 4: Choose the term insurance for NRIs in Canada and proceed to pay
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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