RBC Travel Insurance Review (April, 2024) – Pros, Cons, Features, Pricing

You need to read this RBC travel insurance review if you want one-cover-all travel insurance coverage. The Royal Bank of Canada (RBC) is a household name in Canada. They’ve got more than 150 years of experience catering to the needs of Canadians.

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Last Updated: Apr 13, 2024

RBC Travel Insurance

  • 24/7 access to a caring team who’s always on call
  • More Coverage In More Places®
  • Coverage for the widest range of unexpected travel situations

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The RBC travel insurance review shows that RBC offers comprehensive and practical travel insurance. Their travel insurance is available 24/7 to both young and old Canadians, with numerous packages to choose from.

There is a deluxe package, a non-medical package, a classic medical package, a TravelCare package, and a TravelCare medical package. Alternative insurance coverages include Manulife, Scotiabank, and TD Travel Insurance.

In this review, you’ll learn the merits and demerits of choosing RBC insurance and how to go about applying for one.

What makes RBC Travel Insurance a good option?

In this section of the RBC travel insurance review, you’ll learn various reasons why this insurance coverage is a good option.

Comprehensive Insurance Options

The Royal Bank of Canada has many years of experience offering travel insurance solutions. So, their travel insurance coverage covers everything the average Canadian will need travel insurance for. This includes baggage damage, flight delays, emergency medical treatment, travel accidents, etc.

Practical Travel Insurance Packages

The Royal Bank of Canada has always had the habit of listening to customer feedback. That’s why their travel insurance packages are practical and useful to all Canadians. This is why they’ve gone out of their way to offer travel insurance targeted at older people or for various types of vacations.

24/7 Emergency Travel Medical Insurance

RBC has partnered with Allianz Global Assistance to offer emergency travel medical insurance. With this, Canadians can be referred to the nearest medical facility in case of an emergency. There will also be a confirmation of direct payment of fees to the medical facility in such situations.

Pros and cons of RBC Travel Insurance

One of the questions that comes to mind when choosing an insurance policy is what the advantages and disadvantages of doing so are.

We don’t want to leave you in the dark regarding RBC travel insurance. So, this section of the RBC travel insurance review will cover the merits and demerits of choosing it.

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The pros of RBC Travel Insurance

There Are Travel Insurance Packages Created for Seniors

Unlike most travel insurance packages, RBC travel insurance takes the elderly population into account when creating its insurance package. Hence, you’ll see that some of their travel insurance is meant for Canadians older than 65.

Single and Multi-trip Coverage

You can opt for one multi-trip coverage instead of taking numerous single insurance packages for multiple trips. This will allow you to save money as the multi-trip coverage covers an unlimited number of trips in a year.

The cons of RBC Travel Insurance

No COVID-19 Travel Insurance

Although the worst of the COVID-19 pandemic is over, there is still a chance of encountering it on your travels. Many insurance companies have created insurance packages for this purpose, but RBC has chosen not to do so.

Little customization Available

Most insurance companies give their customers the freedom to choose what goes into their insurance package. However, RBC only offers a lot of pre-built options. While this is good, it doesn’t give the customer a great deal of freedom.

Premiums are Expensive

The RBC Avion travel insurance reviews show that Canadians are getting a good deal with this insurance company. However, this doesn’t change the fact that this company’s travel insurance costs more than its competitors.

RBC Travel Insurance products and services

When you sign up for travel insurance coverage from RBC, there are many options you can choose from. This section of the RBC travel insurance review will show you the insurance packages you can expect.

Deluxe Package

Our RBC Deluxe Travel Insurance review shows that this is the most comprehensive coverage from this company.

It offers a bit of everything you’ll need to be insured against when travelling within or out of Canada. This includes medical emergencies, travel accidents, trip cancellation and interruption, baggage loss, delay, and damage.

This package is only available to Canadians younger than 64 for multi-trip options and younger than 74 for single trips.

Non-Medical Package

This is the insurance package for you if you don’t need medical insurance or are insured elsewhere. So, it covers trip cancellation and interruption, baggage loss, delay, damage, and travel accidents. This package is available to Canadians of all ages.

Classic Medical Plan

This medical insurance plan offers unlimited emergency medical care, 24/7 worldwide coverage, and direct payment of emergency medical bills. The RBC Classical Medical Travel Insurance reviews show that this package is perfect for emergency medical situations outside your home province.

TravelCare Package

This is a package for older people, and it offers unlimited emergency medical insurance along with trip cancellation and interruption insurance. Baggage loss, delay, and damage are all covered, as are travel-related accidents.

TravelCare Medical Plan

This is a medical plan that’s targeted at Canadians over 65 years of age. From our RBC Travel Health Protector Insurance reviews, we’ve learned that these plans offer everything that the classic medical insurance plan provides.

This includes unlimited emergency medical care, 24/7 medical assistance, and direct payment of emergency medical bills.

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RBC Travel Insurance product and service quality

RBC is a company dedicated to protecting customer data and safeguarding all their private information. When it comes to consumer data security, this insurance provider goes above and beyond by adhering to the General Data Protection Regulations (GDPR).

While developing its privacy risk management program, RBC also considers the Organization For Economic Cooperation and Development (OECD) recommendations.

This platform gives Canadians peace of mind with features like two-factor authentication and automatic e-transfer deposits. Auto-deposits eliminate potential security issues associated with logging into an online bank account.

How to get started with RBC Travel Insurance

This part of our RBC travel insurance review will explain the steps you need to take to acquire your own policy. To protect yourself while travelling, you have two options for applying:

If you want to apply online, you’ll start by requesting a quote. Here, you’ll need to answer why you need the insurance, offer the trip details, and answer other questions to determine your needs.

When you’re done, the best insurance packages for your situation will be offered. Either modify the bundle to meet your requirements or purchase it as is. If you want to apply at an RBC branch, simply visit any RBC location, and a representative will assist you with your application.

Alternatives to RBC Travel Insurance

With all that has been covered in the RBC travel insurance review, do you feel this insurance coverage suits you? If it’s not, there are other alternatives to this travel insurance, and you’ll find them below.

TD Travel Insurance vs RBC Travel Insurance

This is travel insurance from TD Bank, and it offers coverage for all provinces in Canada. TD Bank also provides emergency medical insurance, as we saw in the RBC travel medical insurance reviews. Unlike RBC travel insurance, their insurance covers physician bills and hospital accommodations.

In contrast, TD travel insurance doesn’t cover travel accidents, flight delays, baggage loss, damage, or delays. Unlike RCB travel insurance, where there are many comprehensive packages to choose from, TD travel insurance only offers three basic plans.

Scotiabank Travel Insurance vs RBC Travel Insurance

Scotiabank offers this insurance policy to both Canadian citizens and permanent residents in every province in the country. The RBC assurance travel insurance reviews we read revealed similar coverage for international visitors to Canada.

Scotiabank and RBC travel insurance offers emergency medical insurance, trip cancellation and interruption insurance, baggage loss and damage insurance, and delay insurance.

However, Scotiabank also goes a step further to provide coverage for COVID-19 and even makes student-friendly plans. In contrast, RBC travel insurance offers flight delay insurance, which Scotiabank doesn’t provide.

RBC Travel Insurance review conclusion

This RBC travel insurance review shows that RBC travel insurance is a good option for Canadians who want to be covered on all fronts.

The RBC travel health insurance reviews also show that their health insurance policies cater to Canadians of all ages. So, if you can handle the high cost and lack of customization, you’ll love the RBC travel insurance.

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FAQs about our RBC travel insurance review

Does the RBC Travel Insurance cover COVID-19 expenses?

Yes, the RCB travel insurance can cover COVID-19 expenses. Although this insurance company doesn’t really offer COVID-19 insurance, it pays for medical expenses related to COVID-19. These expenses are paid when the country that the insured travelled to doesn’t have “Avoid all non-essential travel” or “Avoid all travel” advisories.

Is it possible to extend my travel medical insurance when I am on a trip?

Yes, you can extend your travel medical insurance even if you're on a trip. However, you can only request an extension from us if you've not had a medical condition during the journey. However, if you've had it, you'll need to contact Allianz Global Assistance for their approval before we can do the same.

How much do I pay for RBC Travel Insurance?

The cost of RBC travel insurance depends on the insurance package in question, the health condition of the insured, and other factors. The best way to know how much you’ll be paying is to request a quote for the cover you wish to purchase.

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RBC Travel Insurance

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August 7, 2023
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