Child Critical Illness Insurance in Ontario

Your child’s health is priceless. At DFSIN Toronto West (Desjardins Financial Security Independent Network), we understand the emotional and financial challenges families face when a child becomes seriously ill. That’s why we offer child critical illness insurance across Ontario, designed to give families financial peace of mind when they need it most.

Our coverage provides a one-time, lump-sum payment if your child is diagnosed with one of 29 covered life-threatening illnesses, including cancer, multiple sclerosis, and other serious conditions.

Child Critical Illness Insurance In Ontario
Comprehensive Protection For Your Childs Future

Comprehensive Protection for Your Child’s Future

Child critical illness insurance ensures that your family can focus on care and recovery, not unexpected costs. With DFSIN Toronto West, your child’s policy complements your broader family coverage and helps you handle expenses during a difficult time.

The lump-sum benefit gives you flexibility: use it to cover treatment, specialized medical care, travel, or even take time off work to be with your child. It’s financial security designed around compassion and real-life needs.

  • One-time lump-sum payment upon diagnosis of a covered illness
  • 29 critical illnesses covered under Desjardins Financial Security
  • Advance payments for less severe conditions
  • Low, guaranteed premiums that continue into adulthood

What Critical Illness Insurance for a Child Will Cover

At DFSIN Toronto West, our child critical illness insurance covers a wide range of serious and chronic conditions, including many unique to children. In the event of a diagnosis, your family receives a lump-sum benefit that can be used for medical or non-medical expenses.

Illness List

  • Autism Spectrum Disorder
  • Cystic Fibrosis
  • Cardiovascular Illnesses
  • Vital Organ Failure
  • Neurological Illnesses
  • Accident & Functional Loss (blindness, coma, deafness, brain injury, etc.)
  • Aortic Surgery
  • Coronary Artery Bypass Surgery
  • Bacterial Meningitis
  • Motor Neuron Disease
  • Parkinson’s Disease
  • Aplastic Anemia
  • Occupational HIV Infection

Additional Note: The policy also includes advance payments for less severe diagnoses such as minor cancers, early-stage cardiovascular issues, and cancer-related surgeries.

How Does Child Critical Illness Insurance Work?

Child critical illness insurance operates much like adult coverage, when a covered illness is diagnosed, the policy pays out a lump-sum amount directly to the family. This payment is tax-free and can be used however you choose.

You may use the funds to:

  • Pay for specialized treatments or out-of-province medical care
  • Hire in-home caregivers or medical assistants
  • Cover medication, transportation, and travel costs
  • Replace income while taking time off work
Benefits Of Child Critical Illness Insurance

Benefits of Child Critical Illness Insurance

A serious illness can affect every aspect of a family’s life, emotional, physical, and financial. DFSIN Toronto West’s child critical illness insurance ensures your family has a financial cushion when it matters most.

  • Helps Cover Medical Costs: From prescription drugs to therapies, average extra costs can reach up to $1,500 per year for conditions like diabetes.
  • Supports Family Time Off: Allows parents to take leave from work to care for their child.
  • Affordable Premiums: Rates are low, guaranteed, and continue into adulthood.
  • Flexible Use: The lump-sum payment can be used for medical or non-medical needs.
  • Peace of Mind: Financial support that lets families focus on healing, not bills.

Terms & Conditions

Subsection 1: Long-Term Care Coverage

  • If loss of independent existence is temporary, 15% of the insured amount is paid (up to $25,000).
  • If the loss becomes permanent, the advance payment is deducted from the total payable amount.

Subsection 2: Amount of Insurance

  • Eligible Ages: 0 to 25 years old
  • Minimum Coverage: $10,000
  • Maximum Coverage: $1,000,000
  • Issue Age: 0–17 years with additional disease option
  • Policy can be issued as early as 31 days old
  • Applications accepted as soon as 24 hours after birth
  • Declaration of good health required if under 31 days old
Why Choose Dfsin Toronto West Financial Centre

Why Choose DFSIN Toronto West Financial Centre?

“We’re more than advisors, we’re your family’s financial safety net.”

For nearly two decades, DFSIN Toronto West has helped Ontario families safeguard their financial well-being. As part of Desjardins Financial Security Independent Network, we combine the strength of a trusted national brand with personalized, local expertise.

Protect What Matters Most, Your Child’s Future

When the unexpected happens, being prepared makes all the difference. DFSIN Toronto West’s child critical illness insurance provides security, stability, and peace of mind during life’s toughest moments.

Or call 416-695-1433 to speak directly with a DFSIN Toronto West life and health insurance advisor.

Protect What Matters Most
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Talk to a DFSIN Toronto West advisor today about personalized child critical illness insurance options designed to protect your family.

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