RBC Group Insurance: Benefits and Processes

RBC Group Insurance: Benefits and Processes

At a Glance

RBC Insurance, part of the Royal Bank of Canada, provides insurance to over 5 million Canadians, making it one of Canada’s largest bank-owned insurance companies.

Table of Contents

RBC Insurance Review

In 1993, The Royal Bank of Canada (RBC) entered the insurance market when it purchased Voyageur Travel Insurance Ltd., a large travel insurance company. Over the next decade, RBC acquired several other companies: Liberty Life Insurance Company, Mutual of Omaha Canada, and Westbury Canadian Life Insurance Company. 

Aviva General Insurance Company purchased RBC’s property and casualty insurance departments in 2016. RBC still offers home and auto insurance, but the underwriting is done by Aviva.

RBC is one of the largest insurance companies in Canada, and it has grown to incorporate a car, business, and home insurance. Being associated with the Royal Bank of Canada, RBC has grown without the typical underwriting fears. Currently, RBC group insurance provides clients with health and life insurance, a full line of auto insurance products, travel insurance, property insurance, and mortgage/credit card policies.

Company Overview

Years in Business59
Annual Premiums$806 million
Number of Clients17 million
Total Assets$313 billion (December 2019)
Insureye Consumer Rating1.6/5

RBC Insurance Group Benefit Products

Group Health and Dental Insurance

Group Disability Insurance

Group Life Insurance


RBC Insurance FAQ

What is a group benefits plan?

What are group insurance benefits?

What are group health benefits?

What are group life insurance benefits?

Are group health benefits taxable in Canada?

What are group wage loss insurance benefits?

RBC Insurance Downloadable Forms

You can access RBC Insurance forms of all types on their website in one convenient place:


Forms can be returned by mail or submitted digitally after logging into your account.

RBC Insurance Contact Information

Primary Office: 6880 Financial Drive, Mississauga, Ontario L5N 7Y5, Canada

Important Contact Numbers:

  • General Service and Claims: 1-888-822-9617
  • Technical Support: 1-888-365-2794

Learn More About RBC Insurance

RBC is just one of many choices for insurance. If you need help choosing between group benefits plans, just hit the button below and fill out our quick quote form. We’ll get in touch with you to discuss your needs then deliver a collection of competitive quotes from the best insurance companies in Canada right to your inbox.