Premiums: PSAC critical illness insurance
The following are the monthly premiums for each $10,000 unit of critical illness coverage. Premiums are based on the insured person’s age, gender and smoking status.
PSAC critical illness insurance monthly premium rates
AGE |
MALE
NON-SMOKER |
MALE
SMOKER |
FEMALE
NON-SMOKER |
FEMALE
SMOKER |
Under 25 |
$1.00 |
$1.36 |
$1.00 |
$1.36 |
25-29 |
1.00 |
1.36 |
1.10 |
1.36 |
30-34 |
1.42 |
2.06 |
1.67 |
2.40 |
35-39 |
2.02 |
2.94 |
2.30 |
3.42 |
40-44 |
3.02 |
5.08 |
3.24 |
5.94 |
45-49 |
4.92 |
10.08 |
4.52 |
9.26 |
50-54 |
8.12 |
18.53 |
6.37 |
12.95 |
55-59 |
12.65 |
31.30 |
8.74 |
19.60 |
60-64 |
21.32 |
51.15 |
12.56 |
27.68 |
Example: A male, non-smoker, age 35, requiring $100,000 of critical illness coverage (10 X $10,000) would pay a monthly premium of $20.20 (10 X $2.02). A female, non-smoker, the same age would pay a monthly premium of $23.00 (10 X $2.30).
*Rates are subject to change.
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