Harmony New Generation - Your child's dreams… are your dreams too!

If your child is diagnosed with a covered critical illness, Harmony New Generation will pay a tax-free lump-sum benefit ($25,000 to $250,000).

With this money, you can make choices that wouldn't otherwise be possible, like:

  • Taking time off work to be with your child
  • Maintaining your standard of living
  • Travelling to get medical care

Is this coverage right for you?

If you want coverage that will protect you when a child between the ages of 30 days and 17 years becomes seriously ill, look no further!


  • If your child stays healthy, you'll get a premium refund, which means if your child needs financial help down the road, you can be there
  • You can choose to pay critical illness insurance premiums for just 20 years and get lifelong coverage for your child
  • Benefit between $25,000 to $250,000
  • Covered illnesses:
    • Childhood diseases
      • Autism
      • Cystic fibrosis
      • Rett's syndrome
      • Cerebral palsy (optional)
      • Muscular dystrophy (optional)
      • Type 1 diabetes (optional)
    • Critical illnesses
      • Alzheimer's disease
      • Aortic surgery
      • Aplastic anemia
      • Bacterial meningitis
      • Benign brain tumour
      • Blindness
      • Cancer
      • Coma
      • Coronary artery bypass surgery
      • Deafness
      • Heart attack
      • Heart valve replacement
      • Kidney failure
      • Loss of independence
      • Loss of limbs
      • Loss of speech
      • Major organ failure (on waiting list)
      • Major organ transplant
      • Motor neuron disease
      • Multiple sclerosis
      • Occupational HIV infection
      • Paralysis
      • Parkinson's disease
      • Severe burns
      • Stroke

How can I get this insurance?

Talk to a Desjardins Financial Security independent advisor with SFL Partner of Desjardins Financial Security who will assess your financial needs today and help you ensure your financial security.

Call 1-866-838-7553 or fill out the online form

This text is for information purposes only. Refer to your policy for all conditions, exclusions and restrictions.

Insuring insurability

Reh Bhanji from Desjardins Insurance spoke to Canadian Better Living TV about this innovative idea. Buying a permanent critical illness insurance policy for your children today is the smart way to give them a financial head start in life. Coverage can begin as early as 30 days old and guarantees that they will be insured against a serious illness for life. It’s called "insuring insurability".

How's the premium calculated? 

The premium is level and guaranteed for the entire duration of the contract. It's calculated based the coverage amount selected and your child's:

  • Age
  • Sex
  • General state of health
  • Family history

You can choose between 2 premium options: premiums payable for life or premiums paid up after 20 years.

Which option is right for me?

A critical illness needs assessment will help you determine how much money you'd need if your child were diagnosed with a serious illness. The proposed solution will be in line with your budget.

Is my child eligible?

If your child is between the ages of 30 days and 17 years, they're eligible for these coverages. And if you continue to pay the premiums, they'll be covered for life.

How much insurance can I take out?

You can take out coverage amounts from $25,000 to $250,000. These coverages offer a tax-free benefit if your child is diagnosed with one of the covered critical illnesses.

You can also top up your coverage amount with additional benefits (e.g. Accidental Fracture or Accidental Dismemberment).

Is this coverage for while my child is living?

Yes, absolutely! You'll receive a benefit when your child is diagnosed with a covered critical illness.

Can I make changes to my policy later on? Will I be penalized?

The Harmony New Generation coverage amount you have for your child can be adjusted based on your changing needs and budget. Fees apply if you want to increase your coverage amount (subject to certain medical considerations), but there's no penalty for reducing it.

® Harmony is a registered trademark owned by Desjardins Financial Security Life Assurance Company.