There are many accident insurance products available for babies. This type of coverage is designed to provide financial assistance so you can take care of your family in the event of an accident.
This type of coverage can be used as a complement to other insurance plans (such as group insurance, private or public insurance coverage). Even when parents do everything in their power to ensure the health and safety of their little ones, Statistics Canada unfortunately shows that accidents (unintentional injuries) are one of the leading causes of infant death. It’s important to take some time to learn about the insurance products available, which are often offered at a low cost, or even free.
What is covered?
Accident insurance coverage for babies varies by insurance company but can cover a wide range of situations.
- Dismemberment or Loss of Use (hearing, speech, sight, fingers, toes, etc.)
- Hospital and Paramedical Expenses Resulting From an Accident (medications, prostheses, emergency transport, physiotherapy, etc.)
- Childcare Expenses
- Accidental or Natural Death
At iA Financial Group, we offer this coverage through the Peek-a-Boo Plan*. This product is available for free, and you can sign up during pregnancy or any time before the baby’s first birthday. Learn more by talking to a financial security advisor, or enrol in the Peek-a-Boo plan in just a few clicks online.
*Offered in Quebec only.