RBC Health Insurance Review 2025

Written by: Helene Fleischer

Content Marketing Manager

Edited by: Kathleen Flear

Director of Content Marketing

Updated

August 31, 2025

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Key Takeaways

RBC offers seven different health insurance plans across disability, critical illness, and hospital insurance categories.
You cannot purchase a standalone health and dental insurance plan from RBC; this is only offered through group coverage.
RBC Insurance offers excellent financial stability and a strong reputation, but customers say the company suffers from poor customer service and claims handling.

Overview of RBC health insurance

RBC offers targeted health insurance products like disability, critical illness, and hospital coverage, but doesn’t provide standalone health and dental plans. This review breaks down RBC’s coverage options, key features, and how they compare to other providers in Canada.

We took a close look at leading health insurance providers in Canada to assess their plans and benefits. Here’s an overview of how RBC health insurance stacks up:

Category: Bank

Types of coverage: Critical illness, Disability, Long-term, Travel health

Customer experience score: 3.43/5

Industry reputation score: 4.03/5

Awards:

Canada's Best Diversity Employers, Top Employers for Young People 2025
Great Place to Work (Best Workplaces, Best Workplaces for Women) 2024
Best Places to Work for Disability Inclusion 2024
JD Power Highest in Bank Customer Satisfaction 2024 (4th consecutive year)
Most Valuable Brand in Canada 2024
JD Power Best in Banking Mobile App and Online Banking Satisfaction 2024
Best Workplaces in Canada 2023
Top 100 Employers in Canada 2023
Best Private Bank in Canada 2023

Methodology

Key features of RBC’s health insurance plans

RBC’s health insurance coverage varies significantly depending on which type you need. That said, there are some common features across the health insurance product offerings:

Tax-free payouts
Customizable benefit amounts and coverage terms
Optional add-ons or policy riders
Renewable coverage (age depends on plan)
Available with or without employer coverage
Plan options that don’t require medical exams

Learn more: What does health insurance cover?

Pros and cons of RBC health insurance

While the idea of choosing a reputable big bank for your insurance needs might be tempting, there are some important considerations before you commit to a policy with RBC. Here’s an overview of the good and the bad.

Backed by one of Canada’s largest and most trusted financial institutions.
Offers all three health-related insurance options.
Customizable plans.
Standalone coverage that’s excellent for contract or self-employed workers.
Online policy management.

No standalone health and dental coverage
Premiums are typically on the higher side
Limited no-medical options

Types of RBC health insurance

RBC doesn’t offer a “health plan” outside of group benefits, but instead focuses on specific areas, such as critical illness and disability. Here are your options.

RBC disability insurance

There are seven plans for disability coverage with RBC:

Plan	Ideal for	Key features
RBC Simplified Disability Insurance	Self-employed, contract, or part-time workers (30 hours/week or more)	Available for ages 18–55 Premiums starting at $10.50/month Tax-free monthly benefit of $500, $1,000, or $1,500 No medical exam Guaranteed renewable to age 65
The Fundamental Series	Self-employed, contract, or part-time workers	Available for ages 18–64 (illness) and 18–69 (injury) Partial and total disability benefits Optional illness coverage Return-to-work assistance
The Professional Series	Business owners, executives, etc. with high incomes	Available for ages 18–60 Partial, total, and residual disability benefits Benefits for 2 years, 5 years, or until age 65 Return-to-work assistance Two premium options: level (don’t change) and step-rate (pay less at the beginning)
Quantum	Business owners, executives, etc. with high incomes	Available for ages 18–60 Specified monthly benefit Benefits for 2 years, 5 years, or until age 65 Return-to-work assistance
The Foundation Series	Small-business owners, tradespeople, farmers, middle-income earners	Available for ages 18–60 Total disability benefits Benefits for 2 years, 5 years, or until age 65 Return-to-work assistance
The Bridge Series	Small-business owners, tradespeople, farmers, middle-income earners	Available for ages 18–60 Similar to The Foundation Series but lower cost
Retirement Protector	Contributors to an RSP without a company pension plan	Available for ages 18–55 RSP contributions Guaranteed renewable to age 65 Benefits for 10 years or to age 65

RBC critical illness insurance

RBC has two critical illness insurance plans: a budget-friendly plan and a plan that offers substantially more coverage.

	Critical Illness Insurance Plan	Critical Illness Recovery Plan
Ideal for	Affordable coverage for common illnesses	Substantial coverage for wide range of illnesses and conditions
Eligibility	Ages 18–50	Ages 18–65
Type of policy	10-year term policy, renewable to age 65 (premiums change every 10 years)	10-year term renewable to age 75 (premiums change every 10 years)
Lump-sum benefit	$10,000, $25,000, $50,000, or $75,000	$25,000 to $2 million
Covered conditions	Cancer, heart attack, stroke	Over 30 serious illnesses and conditions
Optional benefits	Return of Premium on Death Benefit	Long-term care conversion benefit Convert to permanent until age 71 without medical
Assistance services	Teladoc Medical Experts+ Medical Confidence service “The Healing Journey” program and early assistance benefit	Teladoc Health “The Healing Journey” program and early assistance benefit

RBC hospital insurance

RBC offers two hospital insurance plans: the basic one covers hospitalization costs related to an accident, while the enhanced one covers accidents and illness.

	Royal RecoverAssist Basic Coverage	Royal RecoverAssist Enhanced Coverage
Ideal for	Covering accidents only	Covering accidents and sickness
Eligibility	RBC customer, Canadian citizen, ages 18–69	RBC customer, Canadian citizen, ages 18–69
Tax-free benefit	Choice of $100, $150, or $200 per day of hospitalization due to accident	Up to $200 per full day of hospitalization due to accident or sickness
Spousal coverage	Available for 18–74 years old	Available for 18–74 years old
Covered conditions	Hospitalization resulting from an accident	Hospitalization resulting from an accident or sickness (3-day elimination period)
Maximum coverage	365 days per condition	365 days per condition
Maximum benefit	$146,000	$73,000
Exclusions	Suicide, war, intoxication, drugs/poison (voluntary), criminal offense, high-risk activities, cosmetic surgery	Pre-existing condition/sickness, suicide, war, intoxication, drugs/poison (voluntary), criminal offense, high-risk activities, cosmetic surgery

How much does RBC health insurance cost?

The cost of RBC health insurance depends heavily on the type of plan you choose, your age, your health status, and the amount of coverage.

We got a quote for one of the more affordable disability plans, RBC Simplified Disability Insurance. Here’s what we found:

Applicant	Monthly premium before tax
35-year-old male	$35.79
35-year-old female	$29.70
55-year-old male	$72.12
55-year-old female	$72.09
Average	$52.43

Note: Quotes were for applicants in Ontario with a gross annual income of $75,000, resulting in a monthly benefit of $1,500. Quotes are for disability plans covering both injury and sickness. Premiums shown are before taxes.

Learn more: How much does health insurance cost in Canada?

Is RBC health insurance worth it?

RBC health insurance might be worth it if you value strong financial backing, coverage flexibility, and the ability to manage your policy online. That said, if you’re looking for a health insurance policy that covers standard health and dental, including paramedical, you won’t find it with a standalone RBC health insurance policy.

While we gave the bank a decent overall score for customer experience (3.43/5), customers note difficulties contacting RBC Insurance, as well as delays in the claims-handling process. If good service is a key factor for you, RBC might not be the best choice.

Ultimately, the provider that's truly “worth it” is the one that delivers the right coverage at a price that fits your budget. Be sure to compare health insurance quotes from other insurers to make sure you're getting the best value for the protection you need.

FAQ: RBC health insurance

Does RBC do health insurance?

Is RBC good for insurance?

Prices listed on this page are based on information available as of October 2025. The prices shown are for general reference only and may vary based on factors like your age, location, and product selection.