The RBC Disability Insurance Program offers medical students and residents special discounts. Those attending recognized Canadian medical schools can enroll in the program and benefit from special features, such as Critical Illness, Business Protection, and Personal Accident. The program is available to medical students and residents during the first year of their residency, and after graduating, they may still obtain disability coverage. The benefits of the program are listed below. You may qualify for this insurance if you are a recognized Canadian medical student.
AMA members receive a 35% discount
Residents of RBC's Medical Disability Insurance program can get $1,000 of coverage for only $10 per month. The discount is good for medical students and residents, who are typically younger than 35 years old. Medical residents may be eligible for the three-five percent discount as long as they're residents of RBC. In addition, there is no medical examination required to get a quote. Residents can get the insurance policy online to see if it's a good fit.
AMA members can participate in the RBC Medical Student Offer
The RBC Medical Student Offer is open to students who are enrolled in an accredited U.S. medical school and anticipate graduating within the next 12 months. The program offers a 0.25% rate discount to AMA members and allows students to make payments on their loan with as little as $25 a month during their training and the remainder of medical school, including up to four years of residency. For additional savings, students can also opt to enroll in an autopay plan, which means monthly payments are made to Laurel Road instead of paying full upfront.
AMA members receive a 35% discount on RBC disability insurance
There are several benefits to getting AMA disability insurance. Not only can AMA members save up to 25% on premiums, but they can also qualify for loan repayment benefits, which can help cover up to $200,000 of student loan debt. This discount is not available from other disability insurance companies, and it is not limited to certain types of medical practices or occupations. However, the AMA insurance does offer a residual benefit to part-time employees.
Documentation required for a disability insurance claim
The first thing you must do is determine your exact disability. If you were employed for at least 12 months, your RBC disability insurance policy will pay the benefits. The benefits will vary depending on the circumstances, so it is important to determine the severity of your disability and document it thoroughly. If you are an employee, you may qualify for more benefits if you've had an accident. A doctor's note will be necessary to support your claim.
Rates for rbc disability insurance medical residents
If you are a medical resident, you should know that RBC offers special plans for young physicians and other professionals. For example, you can enroll in the RBC Insurance program during your first year of residency without undergoing any medical underwriting. This type of policy offers benefits for medical residents, including the ability to opt for own occupation, cost of living adjustment, and HIV Hep B & C riders. RBC also offers an option that allows future income to increase to $25,000 per month without any medical underwriting.
