Protecting your life insurance

Assuris is the not for profit organization that protects Canadian policyholders if their life insurance company fails.

Who is Assuris?

Assuris is an independent not for profit, industry-funded compensation organization founded in 1990. Our mission is to protect policyholders if their life insurance company fails.

Every life insurance company in Canada is required by the federal, provincial and territorial regulators, to become a member of Assuris. Click here for a complete list of member companies.

Assuris is designated by the federal Minister of Finance under the Insurance Companies Act of Canada. Assuris is recognized by the Autorité des marchés financiers (AMF) as the compensation body whose members are Quebec-chartered life insurers.

To watch our series of videos in which we respond to your top 6 questions, click here.

Protection at a glance

Assuris provides protection to Canadian policyholders for benefits under products issued by life insurance companies in Canada.
Assuris provides separate protection for individual, group, registered and non-registered benefits. Assuris also provides separate protection for individual Tax-Free Savings Accounts and group Tax-Free Savings Accounts invested in accumulation annuities.

Death Benefits, Health Expense, Monthly Income, Cash Values

If a member life insurance company fails, Assuris will seek to transfer the policies to a solvent company. Assuris guarantees that policyholders will retain at least 85% of the insurance benefits they were promised. Insurance benefits include Death Benefit, Health Expense, Monthly Income and Cash Values. Assuris provides 100% protection when benefits are below certain dollar values.



Death Benefit


Health Expense


Monthly Income


Cash Values




whichever is higher

Accumulated Values

Assuris will seek to transfer investment products to a solvent company. For these products, Assuris guarantees that policyholders will retain 100% of their Accumulated Value up to a maximum of $100 000. Investment products include accumulation annuities, universal life overflow accounts and dividend deposit accounts.



Accumulated Value

Up to $100,000

Member of Canadian Financial Services Consumer Protection

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.

Learn about what our financial consumer protection partners do to protect you