What RBC Insurance sells, the ages and amounts for each plan, whether its visitor plans work for a Super Visa, and what to compare before you buy.
Independent website. This page is published by Pankaj Bhatia through Insure In Canada Inc. It is not an RBC Insurance website, and Pankaj is not authorized to sell RBC products. Facts come from RBC Insurance's published pages; the policy contract governs.
RBC Insurance offers term life from 10 to 40 years (ages 18 to 70, $50,000 to $25 million), convertible before age 71; Growth Insurance participating whole life for ages 0 to 80 (scale rate 6.30%); and critical illness covering 26 conditions ($25,000 to $3 million). Its visitor plans pay up to $25,000, $50,000 or $150,000; only Plan III reaches the $100,000 Super Visa minimum, and only to age 69.
Two plans: Simplified Term Life for smaller amounts you can buy online, and YourTerm Life for larger, fully underwritten coverage.
| RBC Simplified Term Life | RBC YourTerm Life | |
|---|---|---|
| Coverage, ages 18 to 55 | $50,000 to $1,000,000 | $1,000,001 to $25,000,000 |
| Coverage, ages 56 and over | $50,000 to $499,999 | $500,000 to $25,000,000 |
| Medical exam | May not be required | Required; preferred rates offered |
| Apply online | Yes, about 15 minutes | No, by phone or with an advisor |
| Review period | 30 days | 10 days |
| Extra | $10,000 accidental death benefit | Not listed |
| RBC example (non-smoker) | Monthly |
|---|---|
| Woman, 28, $50,000, 15-year term | $9.72 |
| Man, 35, $50,000, 30-year term | $19.00 |
| Woman, 44, $750,000, 20-year term | $67.25 |
| Woman, 25, $1,500,000, 20-year term | $51.12 |
| Man, 37, $100,000, 10-year term | $12.22 |
Enter your age to see RBC's published age limits for term, whole life, critical illness and visitor plans.
From RBC Insurance's published ages, October 2026. Approval and price still depend on underwriting.
Two participating whole life plans, for ages 0 to 80.
| RBC Growth Insurance | RBC Growth Insurance Plus | |
|---|---|---|
| Coverage | $25,000 to $25,000,000 | $250,000 to $25,000,000 |
| Guaranteed cash value | After policy year 5 | After policy year 1 |
| Juvenile guaranteed insurability | Yes | No |
| Payment options | Life Pay (to 100), 20 Pay or 10 Pay; monthly or annual | |
| Dividend scale interest rate | 6.30% for April 1, 2026 to March 31, 2027 (not guaranteed) | |
| Policy loan rate | 6.45% from April 1, 2026 (Royal Bank prime plus 2%) | |
Five dividend options are offered: paid-up additions, cash, premium reduction, dividends on deposit and enhanced insurance. Compare with whole life insurance from other insurers and see 20-pay whole life.
RBC Critical Illness Insurance pays a lump sum of $25,000 to $3,000,000 on diagnosis of one of 26 covered critical illnesses, if the definition and qualifying periods are met.
| RBC CI plan | Ages to apply |
|---|---|
| Term 10 (renewable to 75) | 18–64 |
| Term 15 (renewable to 75) | 18–59 |
| Term 20 (renewable to 75) | 18–54 |
| Term 75, level premium | 18–65 |
| Term 75, paid in 15 / 20 years | 18–60 / 18–55 |
| Term 100, level premium | 18–65 |
| Term 100, paid in 15 / 20 years | 18–60 / 18–55 |
RBC sells three visitor medical plans, for single trips up to 365 days, with no medical questions asked.
| RBC visitor plan | Emergency medical maximum | Eligible ages | Deductible | Meets $100,000 Super Visa minimum? |
|---|---|---|---|---|
| Visitors Plan I | $25,000 | 1 month to 84 years | $50 | No |
| Visitors Plan II | $50,000 | 1 month to 84 years | $50 | No |
| Visitors Plan III | $150,000 | 1 month to 69 years | $0 | Amount yes; check all other IRCC rules |
A Super Visa needs private health insurance from a Canadian insurer (or an approved foreign insurer), with at least $100,000 of emergency coverage for health care, hospitalization and repatriation, valid for at least one year from each entry. A quote is not accepted as proof; a policy paid in full, or in instalments with a deposit, is.
RBC Plan III's limit is high enough, but it stops at age 69, so it can't cover most parents over 70. Its page doesn't describe pre-existing condition cover, so read the policy before relying on it.
Pankaj compares visitor and Super Visa plans from 15 insurers, including TuGo, Manulife, Allianz, Destination Canada, 21st Century and GMS, with plans for parents well past 70 and options for stable pre-existing conditions.
See disability insurance for what to check.
RBC's business page said in October 2026 that commercial auto and property insurance were not available.
This guide doesn't quote home or auto insurance.
Two policies with the same face amount can work very differently. Start with what you need the policy to do.
Pankaj doesn't sell RBC. He compares life and critical illness coverage from iA Financial Group, Empire Life, Foresters, Co-operators, Wawanesa, BMO Insurance, Equitable Life and Assumption Life, and visitor coverage from 15 insurers. If you want a specific RBC policy, RBC's own sales channel is the place to buy it; if you want to see how it stacks up, Pankaj will price the closest matches.
RBC Insurance is the insurance brand of the Royal Bank of Canada group. It sells life, critical illness, disability, travel and visitors to Canada insurance, plus home and auto in some markets.
Policies are issued by the RBC insurance company named in your contract, for example RBC Life Insurance Company for life and health products.
Any length from 10 to 40 years, for ages 18 to 70, from $50,000 to $25,000,000.
For terms of 16 to 40 years, the maximum issue age is 85 minus the term, so a 25-year term is available to age 60. Premiums are guaranteed for the term, then renew yearly up to age 100.
It depends on your age, health, smoking, amount and term. RBC's own examples run from $9.72 a month (woman, 28, $50,000, 15 years) to $67.25 a month (woman, 44, $750,000, 20 years).
RBC also advertises rates as low as $12.22 a month for $100,000 of Term 10 for a 37-year-old non-smoking man. Compare a real quote with other insurers, including the renewal price.
Yes. RBC term can be converted to a permanent or universal life policy, such as RBC Growth Insurance, before age 71, with no health questions or medical exam.
Shorter terms can also be exchanged for a longer term without new evidence. RBC's page states two different deadlines for this (the 5th and the 8th policy anniversary), so confirm the date in your contract.
Yes. RBC Growth Insurance and RBC Growth Insurance Plus are participating whole life plans for ages 0 to 80, paid for life, over 20 years or over 10 years.
The dividend scale interest rate is 6.30% for April 1, 2026 to March 31, 2027. Dividends are not guaranteed.
RBC Critical Illness Insurance covers 26 critical illnesses, with a lump sum from $25,000 to $3,000,000.
An early assistance benefit pays 20% of the amount, up to $50,000, for 8 conditions without reducing the main benefit. Plans are Term 10, 15 or 20 (renewable to 75), Term 75 and Term 100.
Only Plan III could meet the coverage amount. A Super Visa needs at least $100,000 of emergency medical coverage, and RBC Plans I ($25,000) and II ($50,000) fall short.
Plan III offers $150,000 but only to age 69. The policy must also be valid for at least one year from entry and meet every other IRCC condition. Compare Super Visa insurance from 15 insurers.
No. No insurer is cheapest for every person and every type of policy.
Pricing depends on your age, health, the product and each insurer's underwriting. Compare equal coverage, not just the first premium.
No. Pankaj does not sell RBC products. This page is an independent guide.
For an RBC policy, use RBC Insurance directly. Pankaj can compare similar coverage from the insurers he represents so you can see both side by side.
They are part of the same group, but your policy is issued by an RBC insurance company, not by the bank.
The contract names the insurer responsible for your coverage.
Insure In Canada Inc. · Mississauga and Cambridge, Ontario · Licensed in Ontario, Alberta, British Columbia, Manitoba, Saskatchewan, New Brunswick and Nova Scotia
Pankaj has 11 years of financial-services experience helping families and business owners review life, critical illness and visitor coverage. This guide was checked against RBC Insurance's own product pages in October 2026.
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Content checked October 2026 against RBC Insurance's published pages. Product availability, coverage and rules can change. This page is not an insurance contract, a binding quote, or legal or tax advice. RBC and related marks belong to their owners; this page is independently published and does not imply endorsement.