Great West Life Insurance in Canada

Great West Life Insurance Company Overview

Founded in 1891, the Great West Life Assurance Company has evolved into one of Canada’s most reliable and widely recognised insurance providers. Now operating under the Canada Life brand, the company combines more than 130 years of experience with a broad product portfolio and a strong reputation for customer service and claim settlement. It offers life, health, and wealth solutions tailored to Canadians and global citizens residing in Canada.

What are the Benefits of Buying Great West Life Insurance?

• Strong financial stability: High credit ratings and a legacy of trust.

• Flexible policy options: Term and permanent life insurance options to suit various life stages.

• Cash value growth: Various plans offer investment opportunities and cash accumulation.

• Additional riders: Add-on features like disability waivers or critical illness benefits.

• Online access: Manage your policy, make claims, and view documents digitally.

• Trusted brand: A part of the larger Canada Life group, ensuring scale and credibility.

Why Buy from Great West Life Insurance Company?

• Established reputation with over 130 years in the Canadian insurance market.

• Comprehensive support through licensed advisors and digital platforms.

• Custom solutions tailored for individuals, families, and business owners.

• Seamless claims experience with consistent settlement history.

Types of Life Insurance Offered by Great West Life Insurance 

• Term Life Insurance: Term life insurance offers coverage for 10, 20, or 30 years with an option to convert to permanent insurance without additional medical underwriting.

• Whole Life Insurance: Permanent coverage with guaranteed cash value and fixed premiums.

• Participating Life Insurance: Long-term protection with dividend-earning potential.

• Universal Life Insurance: Flexible premiums and death benefits, paired with investment options to grow wealth.

• Group Life Insurance: Employer-sponsored plans for comprehensive coverage.

• Critical Illness and Disability Insurance: Optional add-ons or standalone covers to protect against life-altering conditions.

How to Get Great West Life Insurance Quotes?

You can get a quote for Great-West Life insurance in two simple ways:

• Online: Visit the official Canada Life website or use aggregator platforms like Policybazaar to compare multiple providers.

• Agent: Enter your postal code to connect with a local licensed advisor who can help assess your needs and generate a tailored quote.

Information required:

• Date of birth

• Smoking status

• Desired coverage amount

• Policy duration

• Health and medical history (if applicable)

How to Buy Great West Life Insurance?

• Get a quote online or through an insurance advisor.

• Compare the available policy types and benefits.

• Submit your application with personal and medical details.

• Undergo medical checks (if needed based on your chosen policy).

• Get approval and start your policy with regular premium payments.

Alternate Ways of Buying Term Insurance for NRIs in Canada

What are the Benefits of Buying Term Insurance for NRI from India?

• The premiums are much more affordable in India compared to the international term plans

• You can claim an 18% GST waiver on the term insurance premiums paid via NRE bank account that supports feely convertible currency

• Get pre-approved cover that offers global coverage and ensures that you receive continued coverage no matter where you travel

• You can clear your medicals online via tele/video medicals in term insurance, removing the need to travel all the way back to India

• The special exit benefits allow you to exit the plan early and receive all the premiums paid back at the termination of the policy

How to Buy Term Insurance for NRI in Canada from Indian Insurers?

For NRIs, comparing term insurance for NRI in Canada from both Canada and India ensures you get the best value, flexibility, and protection tailored to your lifestyle and financial goals.

Step 1: Visit Policybazaar.com and select the NRI term insurance section.

Step 2: Share details like age, country of residence, and income.

Step 3: Select the right annual income, occupation type, smoking habits, and educational qualifications

Step 4: Choose the best term insurance for NRI in Canada and proceed to pay