OMA Life and Disability Insurance

OMA Life and Disability Insurance

OMA Insurance provides insurance advice, service and solutions to meet the unique needs of physicians and their families. Non-commissioned team members provide intelligent, relevant and helpful solutions and recommendations for physicians at every stage of their career.

Important update

OMA Insurance recently transitioned the program to Manulife. To ensure policyholders were informed about the transition, OMA Insurance hosted a member forum, where the OMA Insurance leadership team and their partner, Manulife, provided answers to the most pressing questions from policyholders. To receive a copy of this video, please contact

Additionally, you can view the Transition page to get answers to common questions and to learn how you can be supported with the change to Manulife. If you have specific policy questions or have not received a welcome package, please contact OMA Insurance’s dedicated contact centre at 1-888-596-8881, or email

Coverage for Practising Physicians

Critical illness

Receive a tax-free lump sum benefit of up to $250,000 when you survive a diagnosis of one of 25 illnesses, including heart attack, stroke and cancer. You may use these funds as you see fit, helping you and your family with the additional expenses that accompany a critical illness.

Disability insurance

Disability insurance is a simple and cost-effective way of providing a steady flow of tax-free income during a period of disability. Your OMA disability insurance plan is designed to keep pace with your needs throughout your career with physician-specific coverages to protect you from the financial impact of sickness or injury with up to $25,000 per month of coverage and eligibility for Annual Premium Refunds.

  • Monthly benefit of up to $25,000
  • Choice of elimination period
  • Survivor benefit
  • 70+ disability insurance coverage option – If you are providing at least 25 hours of medical services a week at age 70, you can extend your disability coverage. This allows you to choose a monthly benefit, from $500 to a maximum of $10,000. Guaranteed acceptance with no medical evidence required.

Life insurance

OMA Insurance has life insurance solutions to suit every stage of your life and career, with coverage available from $100,000 to $3,000,000.

  • Flex 10 & Flex 20 Life Insurance: Provides uncompromising protection with the flexibility to choose the right term coverage for you and your family, with competitive rates that are locked in and guaranteed not to increase for the option that you select
  • Term Plus Life Insurance: Gives you affordable coverage that keeps pace with your lifestyle, increasing by 10% every year up to 10 years with no medical questions asked. After you turn age 75, you'll continue to receive coverage for life, without having to pay any further premiums

Coverage for Students 

Essentials for students

Medical school costs are demanding. This unique offer features discounted disability rates, plus complimentary life insurance. Your disability benefits will automatically increase as you progress through medical school and residency, from $2,000 during your first year up to $4,500 in your fourth year, without any medical evidence or health questions asked.

  • $200,000 of complimentary life insurance while in medical school
  • 75% discount on disability insurance that carries through until the end of medical school
  • No medical questions or exams if you apply as a first-year medical student
  • Portable worldwide and automatically transitions with you into residency and practice

Coverage for Residents Transitioning to Practice

Essentials for physicians

Given the demands that the post-residency period brings, the “Essentials For Physicians” offer gives residents the ease and flexibility to choose all or a combination of life, disability, and professional overhead expense insurance. 

  • Up to $5000/month of professional overhead expense insurance with a 50% discount on premiums for your first two years of practice
  • Up to $11,000 monthly disability insurance benefit
  • $200,000 of Group Term life insurance
  • Worldwide portability
  • A simple application process if you enroll within 120 days of successfully completing residency

Visit for further details, or email


Jennifer Lovegrove
Regional Insurance Advisor
1-800-268-7215 ext. 2898