Protecting your life
and health insurance
and health insurance
Assuris is the not for profit organization that
protects Canadian policyholders if their life and
health insurance company fails.
Assuris is an independent, not for profit, industry-funded compensation organization founded in 1990. Our mission is to protect Canadian policyholders if their life and health insurance company fails.
Every life and health insurance company authorized to sell insurance in Canada is required, by the federal, provincial, and territorial regulators, to become a member of Assuris under the Insurance Companies Act of Canada. Fraternal benefit societies and prepaid medical services companies can opt to become a member of Assuris. Member companies cannot terminate their membership as long as they have active business in Canada. Click here for a complete list of member companies.
Assuris’ protection applies to all individual and group products issued by our member companies. The guaranteed levels of protection by product benefit are as follows:
Benefit
Death Benefit
Health Expense
Monthly Income
Investments / Savings:
Assuris Protection
$1,000,000
$250,000
$5,000/month
$100,000
or
90%,
whichever is higher
Benefit
Assuris Protection
Death Benefit
$1,000,000
Health Expense
$250,000
Monthly Income
$5,000/month
Investments / Savings:
$100,000
or
90%,
whichever is higher
The video below provides an overview of:
Protecting your life and health insurance — Assuris has your back
Canadian financial services consumers can feel secure in knowing that Canada has a strong well-regulated financial services sector, and that in the unlikely event that a Canadian financial institution fails, consumers are protected by a variety of compensation plans. The collective strength of the protections offered to Canadian financial services consumers provides all Canadians with added confidence and peace of mind when planning a future for themselves and their loved ones.
