Coverage for Children – Child Oasis

The Child Oasis™ plan affords quality protection to help provide families with the financial resources to support the recovery and care of a child in the event of a critical condition and help ensure the child’s future insurability.

The Child Oasis plan provides the owner with a one-time lump-sum benefit if the insured has a critical condition that meets one of the definitions set out in the policy and the survival period has been satisfied.

Some of the features and optional benefits available include:

• Lump-sum benefit of $10,000 to $250,000
• Coverage for 24 critical conditions including 5 childhood-related critical conditions

• Aortic Surgery
• Aplastic Anaemia
• Bacterial Meningitis
• Benign Brain Tumour
• Blindness
• Cerebral Palsy*
• Coma
• Congenital Heart Disease*
• Coronary Artery Bypass Surgery
• Cystic Fibrosis*
• Deafness
• Heart Attack
• Heart Valve Replacement
• Kidney Failure
• Life-Threatening Cancer
• Loss of Limbs
• Loss of Speech
• Major Organ Failure on Waiting List
• Major Organ Transplant
• Muscular Dystrophy*
• Paralysis
• Severe Burns
• Stroke
• Type 1 Diabetes Mellitus*

* Childhood-related critical condition 

• Conversion option at age 25 – purchasing Child Oasis now can protect your child’s insurability—2 months before your child’s 25th birthday, you may apply to convert all or a portion of the coverage, without underwriting, to a critical illness insurance policy made available by us for conversion.
• A supplementary benefit for certain non-life threatening conditions (10% of the benefit amount, to a maximum of $25,000).
• Guaranteed premium for the basic policy and any optional benefit riders.
• We cannot change the policy while it is in force, unless you request it.
• Return of Premium at Expiry Rider – provides for the return of up to 100% of the eligible premium paid for the policy if the policy is in force on the insured’s 25th birthday.
• Return of Premium at Death Rider – provides for the return of the eligible premium paid for the policy if the insured dies from any cause.

For more details, see our At a Glance brochure or contact your financial security advisor.

The critical conditions identified above must meet the definitions contained in the Child Oasis policy.