Protecting your life and health insurance
Assuris is the not for profit organization that protects Canadian policyholders if their life and health insurance company fails.
Who is Assuris?
Founded in 1990, Assuris is the independent not for profit organization that protects Canadian policyholders if their life and health insurance company fails. If you are a Canadian citizen or resident and you purchased a policy from a member life and health insurance company, you are automatically protected by 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 learn more about Assuris, click here.
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:
- Cash Value
- Acculumated Value
- Segregated Fund Guarantee
Assuris Protection
$1,000,000
$250,000
$5,000/month
$100,000
or 90%, whichever is higher
Benefit
Death Benefit
Health Expense
Monthly Income
Investments / Savings:
- Cash Value
- Acculumated Value
- Segregated Fund Guarantee
Assuris Protection
$1,000,000
$250,000
$5,000/month
$100,000
or 90%, whichever is higher
The video below provides an overview of:
- The protection levels Assuris guarantees for each benefit.
- Real life situations on how the Assuris policyholder protection works.
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.