Starting now: Increased life insurance amount and more efficient application processing than ever at iA.
Recognized as a welcoming country, every year Canada attracts a large number of newcomers, who are all new clients to be served.
| Not a financial security advisor? If you’re looking for information on establishing yourself financially in Canada, please feel free to consult our dedicated webpage, which gives you all the information you may need. |
iA is aware of this reality and is taking steps to make your job easier by making the underwriting process smoother and faster for all its insurance products.
Student permit status
It is now possible for student permit holders to purchase life insurance up to $250,000 instead of $100,000.
Improvements to our underwriting rules
… and at the same time, to the declaration of insurability on EVO:
- The immigration documents are no longer required in most cases.
- Legal status: More answer choices to better represent the reality of the newcomer’s situation.
- Improved processing times: EVO will alert you to any product limitations or ineligible amounts, resulting in fewer errors and fewer unnecessary referrals to underwriters.
- More instant acceptance!
Your updated documents
- Newcomers guidelines (F30-211A)
- Eligibility rules for newcomers (SRM412-16A-1)
Updates to paper applications will follow shortly. Stay tuned for more improvements!
