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Canadians Received a Record $113 Billion in Life and Health Insurance Benefits, 2021 Data Shows

September 16, 2022
by Canadian Life and Health Insurance Association Inc.


iStock

Canada’s life and health insurers paid out more benefits to more people than ever before in 2021.

Canadians were paid over $113 billion in benefits from life and health insurance products last year – up 17 per cent from 2020 and nearly $10 billion above pre-pandemic levels. This included payments for health insurance claims, life insurance and retirement.

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