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Benefits

Voluntary Accident Insurance

Ryerson’s Voluntary Accident Insurance is designed to protect you and your family’s income, and provide support and care in the event that you are severely injured as a result of an accident.

If you purchase this coverage, the Voluntary Accident Insurance Plan pays a lump-sum benefit to help you cope with severe disability caused by an accident or to assist your family if you die due to an accident. The insurance is effective 24 hours a day, 365 days a year, worldwide, on or off the job. Your policy also includes rehabilitation support, education assistance and several other benefits.

The plan is insured through Sun Life.

Eligibility

You are eligible for voluntary accident insurance as long as you are under the age of 72 and an active employee at Ryerson.

Anything else I should know?

  • This plan does not require proof of insurability to be covered.
  • This plan is not available to early retirees or retirees.

When will my coverage begin?

Your coverage will start on the first of the month after HR pension and benefits receives your enrolment information.

Can my family be insured for some benefits?

Your spouse and your eligible children ("dependents") can be insured under the Voluntary Accident Insurance Plan.

In order to be eligible, dependents must be under 72 years of age.

Dependents are eligible for the Voluntary Accident plan:

  • As soon as your enrolment in the plan is effective or,
  • The date they become your dependents (if that date is later).

Anything else I should know?

  • This Voluntary Accident Plan is not available to dependents of early retirees or retirees.
  • You cannot opt out of the plan yourself and cover only your family.

What is the cost for this coverage?

Your selected benefit amount and your choice of the Employee Only or the Family Plan determines the cost of your coverage. See What Is Covered? for a detailed explanation of these choices.

  • Employee Only: $0.014 per month per $1000 of coverage
  • Family Plan: $0.022 per month per $1000 of coverage

You pay the premiums by payroll deduction. If you change your coverage, the current rate for the new amount of coverage will apply.

 

 

Monthly cost
Benefit amount chosen Employee Only Family Plan
$10 000 $0.15 $0.24
$50,000 $0.76 $1.19
$100,000 $1.51 $2.38
$150,000 $2.27 $3.56
$200,000 $3.02 $4.75
$250,000 $3.78 $5.94
$300,000 $4.54 $7.13
$400,000 $6.05 $9.50
$500,000 $7.56 $11.88

The premiums shown in this table include 8% Ontario retail sales tax.

For example: Under the Family Plan, if you select $300,000 for yourself and you wish to insure your spouse and two dependent children, the amount of insurance would be as follows: The premiums shown in this table include 8% Ontario retail sales tax.

  • Employee $300,000
  • Spouse $150,000 (50% of your coverage)
  • Each Child $45,000 (15% of your coverage)
  • Your monthly payroll deduction would be $7.13.

How do I enrol?

In most cases, Human Resources will provide you with an enrolment form when you’re hired.

You can also download the Sun Life Group Benefits Enrolment/Change form (PDF).

Anything else I should know?

The plan is voluntary – you may choose to join at any time.

It’s your responsibility to complete your Sun Life enrolment form and to ensure that your dependants are enrolled properly. The next section provides some tips on the process.

If you have any questions, contact Pension and Benefits

Filling out the Group Benefits Enrolment/Change form for Voluntary Accident Insurance

Complete section five of the Group Benefits Enrolment/Change form: Voluntary Accident Insurance.

Should I select single or family coverage?

For individual coverage, select Single Only. This will provide coverage for yourself only

For coverage of spouse and dependents, select Family. This will cover yourself and your spouse, and/or your dependent children.

How do I name or change a beneficiary?

You must name a beneficiary on your enrolment form.

Your beneficiary for Voluntary Accident Insurance is automatically the same beneficiary(ies) you have named for your Group Life Insurance coverage.

If you wish to name more than one beneficiary, you may do so, but you must indicate the percentage of the benefit that you want each beneficiary to receive and the percentages must add to 100%.

If you have not named a beneficiary, the first surviving person(s) in the list below would receive your accidental death benefit, in the following order:

  • your spouse
  • in equal shares to your children
  • in equal shares to your parents
  • in equal shares to your siblings
  • to your estate

Please contact Pension and Benefits if you want to make changes to your coverage. You may increase or decrease your coverage at any time by completing a new enrolment form and returning it to the Benefits Unit. To cancel your coverage, notify the HR pension and benefits in writing. Your coverage will end when your premium deductions stop.

Note: You are the automatic beneficiary for your dependents’ accidental death benefit under the Voluntary Accident Insurance Plan.

How do taxes apply to the plan?

The insurer will apply Ontario provincial sales tax (8%) to the cost of your premiums. Voluntary Accident Insurance is not a taxable benefit for income tax purposes.

When does my coverage end?

Your coverage under the voluntary accident insurance plan will end on the earliest of the following dates:

  • The date you terminate employment with Ryerson;
  • The date the relevant plan policy ends;
  • The date you begin an unpaid leave of absence, if you choose not to continue your benefits coverage during your leave;
  • The date you change employment within Ryerson if this benefit plan is not offered under your new employment category;
  • The end of the period for which you have paid premiums (for optional coverage only);
  • The date you request, in writing, to stop deductions (for optional coverage only); or

Coverage for your dependents stops when they no longer qualify as dependents or when your own coverage ends.

Covered expenses, limits and exclusions

What is covered?

The plan provides a lump-sum benefit in the event of your death from an accident, or dismemberment, or loss of use of limbs, sight, speech, or hearing, occurring anywhere in the world at any time. If you choose the Family Plan, it covers your eligible dependents for the same losses.

You are covered for these losses whether you are traveling for business or pleasure. A benefit is payable in the event that any of these losses results from an unavoidable exposure to the elements. See Exclusions and conditions for more details.

A benefit for loss of life from the plan is payable in addition to any other insurance benefit for loss of life from another insurance plan (such as Basic Life Insurance) that may be in effect at the time of the accident. The coverage amount you select for yourself is called the benefit amount.

What limits apply to the benefit amount?

You may purchase any amount of insurance you wish, in multiples of $10,000, to a maximum of $500,000.

Specifics of coverage

What are the benefits of coverage?

The benefit amount is payable if the insured person dies. It is also paid if the insured person disappears and his or her body is not found within one year of the disappearance, stranding, sinking or wrecking of the vehicle he or she was in at the time of the accident. Twice the benefit amount is payable in specific cases of paralysis. For other losses or loss of use that occur within one year of the date of the accident, the benefit amount or a portion of it may be payable. The portion paid is based on the severity of the injury. Different amounts apply to adults and dependent children. For details about adult coverage, see Benefits for loss of life or severe injuries to adults. For details about dependent children coverage, see the Benefits for loss of life or severe injuries to children.

Flexible coverage options

If you select the Family Plan, your dependents will be covered for a percentage of the benefit amounts detailed below, as follows:

Dependents Percentage of benefit amount
Spouse, but no eligible child(ren) Spouse: 60%
Spouse and eligible child(ren)
  • Spouse: 50%
  • Each child: 15%
Eligible child(ren) but no spouse Each child: 20%
Benefits for loss of life or severe injuries to adults
Self or spouse Coverage
Loss Benefit Payable

Loss of life


Loss of:

  • both hands
  • both feet
  • sight of both eyes
  • one hand and one foot
  • one hand and the sight of one eye
  • one foot and the sight of one eye
  • speech, and hearing in both ears
Loss of use of:
  • both arms or both hands
  • both legs or both feet
  • a hand and a foot
  • an arm and a leg

 

100% of benefit amount
Loss or loss of use of:
  • one arm or one leg
75% of benefit amount
Loss of
  • one hand or one foot
  • sight of one eye
  • speech
  • hearing in both ears
Loss of use of:
  • one hand or one foot
67% of benefit amount
Loss of:
  • thumb and index finger of the same hand
  • hearing in one ear
33% of benefit amount>
Loss of:
  • all toes of one foot
25% of benefit amount

Quadriplegia*

Paraplegia*

Hemiplegia*

200% of benefit amount

* The paralysis must be found to be permanent 365 days after the accident for this benefit to be payable.

A common accident is defined as a situation in which you and your spouse die in the same accident or within 24 hours of each other in separate accidents. In this case, the total benefit payable will be two times the larger of the two loss of life benefit amounts. For a common accident benefit to be payable, you must have selected spousal coverage that must be in effect at the time of the accident. Furthermore, you and your spouse must be survived by one or more dependent children to whom the benefit may be paid.

Benefits for loss of life or severe injuries to children

For dependent children, the portion of the benefit amount payable is based on the severity of the injury, as follows:

Dependent Children
Loss (Dependent Child) Benefit Payable

Loss of life

Loss of:

  • speech
  • hearing in both ears
100% of benefit amount

Quadriplegia*

Paraplegia*

Hemiplegia*

Loss of:

  • speech, and hearing in both ears
  • both hands
  • both feet
  • sight of both eyes
  • one hand and one foot
  • one hand and the sight of one eye
  • one foot and the sight of one eye
Loss of use of
  • both arms or both hands
  • both legs or both feet
  • a hand and a foot
  • an arm and a leg
400% of benefit amount
Loss of:
  • one arm or one leg
  • one hand or one foot
  • sight of one eye
Loss of use of:
  • one arm or one leg
200% of benefit amount
Loss of use of:
  • one hand or one foot
150% of benefit amount
Loss of:
  • thumb and index finger of the same hand
  • all toes of one foot
50% of benefit amount
Loss of:
  • hearing in one ear
25% of benefit amount

* The paralysis must be found to be permanent 365 days after the accident for this benefit to be payable.

Benefits for multiple injuries

If multiple injuries result from the same accident, the plan will pay the larger amount payable for one of those injuries. The total payable will not be greater than 100% of the loss of life benefit, except in the case of quadriplegia, paraplegia or hemiplegia occurring to any insured person, or in the case of injuries to children where the total payable for a single injury is already greater than the loss of life benefit.

Does the plan provide any extra benefits?

The plan also provides the following benefits when required as a result of an accident. If any of these benefits duplicate those available under Business Travel Accident Insurance, the amounts payable for the following benefits will be paid under one plan only.

Childcare expense benefit

This benefit is available if you choose the Family Plan and you or your spouse dies as the result of an accident. The benefit pays a maximum of $5000 per year toward the cost of childcare for your eligible children until a maximum of $25,000 has been paid in total for each eligible dependent child.

To be eligible, each child must be under age 13 and covered under the plan within one year of the loss of life.

If you have no covered dependents or your dependents are not eligible for this benefit on the date of the accidental loss of life, the plan will pay a one-time benefit of $2500.

Education expense benefit

A Family Plan policy will pay tuition fees for your child(ren) if you or your spouse dies as the result of an accident. To qualify, your child must be enrolled or must enrol as a full-time student at a post-secondary educational institution within two years of the loss of life.

Qualifying institutions include any university, CEGEP, trade school (above 12th grade), or college. The benefit pays the actual costs incurred for tuition, fees, required books and course supplies, and room and board billed by the institution.

The maximum payable is $6000 annually for each eligible child for four consecutive years.

The insurance company will make payments each year only upon receipt of annual proof of enrolment and attendance for each child.

If no dependents are eligible for this benefit on the date of the accidental loss of life, the plan will pay a one-time benefit of $2500.

Extended family benefit

If you die due to an accident, coverage under this plan will continue for your spouse and/or dependent children for a maximum of six months. They will not have to pay premiums. If one of the following events occurs, coverage will end earlier, on the earliest of the following dates:

  • The date your covered spouse remarries (whether or not children are also insured under the policy);
  • In the case of a covered dependent child, the date on which the child no longer meets the definition of dependent child; or
  • The date on which the Voluntary Accident Insurance policy or this specific provision is cancelled.
Family transportation benefit

If you are confined to a hospital after an accident, the plan will reimburse the actual expenses incurred, up to $10,000, in transportation fees, to have a member of your immediate family come to your side. The hospital must be more than 50 kilometres from your permanent residence, you must be under the regular care of a doctor, and the attending doctor must recommend that the family member attend you.

Member of the “immediate family” means a spouse (legal or common-law), parent, grandparent, child over age 18, or sibling of the insured person. The family member must travel by the most direct route by a licensed common carrier or by a private passenger automobile. If travel is by a private automobile, the reimbursement is $0.20 per kilometre.

Note: Although the wording above uses "you," but this benefit applies to any person insured under the policy.

Funeral expense benefit

If an insured person suffers accidental loss of life, this benefit will pay for funeral expenses actually incurred, to a maximum of $5000.

Home/vehicle adaptation benefit

This benefit will provide a maximum of $10,000 to adapt a home or automobile to accommodate the needs of an injured, insured person, if the expenses are incurred within two years of the injury.

The benefit is payable for alterations to the injured person’s residence to accommodate a physical disability, and/or modifications to a vehicle to make it accessible and drivable. Expenses incurred for hiring transportation services necessary to accommodate the physical disability of the employee are also eligible under this benefit.

Identification benefit

This benefit will pay up to $5000 in accommodation and transportation costs if a member of the immediate family must travel to identify the body of any person insured under the Plan.

The benefit is payable if the accidental death of you or an insured dependent occurs more than 50 kilometres away from the insured person’s permanent residence and the police or a similar government authority has requested the identification.

The benefit will reimburse actual costs (up to the maximum) for transportation by the most direct route by a licensed common carrier and up to three days hotel accommodation. Member of the "immediate family" is defined under Family Transportation Benefit above.

Psychological therapy

This benefit pays reasonable and customary psychological therapy charges incurred within two years from the date of a covered loss, up to a maximum of $5000. A doctor must recommend the therapy.

If you have other similar coverage, this policy will be the last to pay a benefit. Once all other forms of reimbursement have been exhausted, this coverage will reimburse the amount not covered, provided the amount is equal to or less than the reasonable and customary charge.

Psychological therapy means treatment or counseling by a therapist or counsellor who is licensed, registered, or certified to provide such treatment, whether on an outpatient basis or while a patient is at a medical facility licensed to provide the treatment.

Rehabilitation

The plan will pay up to $10,000 of reasonable and customary expenses for rehabilitation for an insured person. This includes any special training that the insured person requires in order to become qualified for an occupation that he or she would not have engaged in if the accidental injury had not occurred.

A doctor must recommend the rehabilitation and the expenses must be incurred within two years of the date of the loss or loss of use.

If you have other similar coverage, this policy will be the last to pay a benefit. Once all other forms of reimbursement have been exhausted, this coverage will reimburse the amount not covered up to the $10,000 limit, provided the amount is equal to or less than the reasonable and customary charge and the expenses are incurred and submitted within the two-year time frame.

Return of human remains (Repatriation)

If you or your dependent dies due to an accident more than 50 kilometres away from your permanent residence, the Plan will pay up to $10,000 of expenses incurred for the return and transportation of the body to your city of permanent residence.

You must have Family Plan coverage for this benefit to apply to your spouse or your children.

Seat belt benefit

Benefits under the policy may be increased by 10% (to a maximum of $50,000) if a person covered under the policy is injured or dies in a motor vehicle accident while wearing a properly fastened seat belt.

If it cannot be determined if the covered person was wearing a seat belt at the time of the accident, a limited additional benefit of $3000 will be paid in addition to the loss of life benefit.

In this policy, “seat belt” includes child restraint device that meets the Canadian Motor Vehicle Standards administered by Transport Canada and has been installed according to the manufacturer’s instructions.

Spouse employment training expense

The plan will pay up to $10,000 to reimburse your spouse for the costs of a formal occupational training program if he or she incurs the costs within three years of your death.

To be eligible, your spouse must enroll in a public or private college, university, or professional trade school (above the 12th grade). Eligible costs include expenses for tuition, fees, required books and course supplies, and room and board billed by the institution.

Your spouse and the insurance company must mutually agree on the program. It must be designed to qualify your spouse to find employment in an occupation for which he or she would not otherwise be qualified.

Exclusions and conditions

What is not covered?

The plan will not pay a benefit for a loss or loss of use injury caused by or resulting from the following:

  • The insured person’s emotional trauma, mental or physical illness, disease, pregnancy, childbirth or miscarriage, bacterial or viral infection, or bodily malfunctions;
  • A bacterial infection caused by an accident or from accidental consumption of a contaminated substance;
  • War (declared or undeclared), not including acts of terrorism;
  • Participation in any military action in the armed forces of any country or established international authority (active military service for 60 consecutive days or less is permitted); or
  • Travel in, including entering and exiting, any aircraft in which the insured person is acting or training as a pilot or crew member, or which is owned, leased, or operated by Ryerson or on behalf of Ryerson.

Making claims

How should a claim be submitted for this Plan?

HR Pension and Benefits must be notified of any loss or loss of use covered by the Voluntary Accident Insurance Plan so they are able to provide the necessary forms and instructions.

Sun Life must receive written notice within 20 days of the accident of any loss or loss of use caused by the accident. If you do not give notice in this time frame, the failure to notify the insurer will not invalidate the claim if you give notice as soon as reasonably possible.

Sun Life retains the right to have a doctor of their choice examine you or your dependent, as often as is reasonably necessary, at their expense. In the event of death, an autopsy may be required, if permitted by law.

In any event Sun Life, and not Ryerson Human Resources, will make the final decision with respect to benefits entitlement.

If I leave Ryerson, can I continue my accident insurance coverage?

You may choose to convert your Voluntary Accident Insurance coverage to an individual policy. You must apply to Sun life within 31 days of your termination date and provide the initial premium payment to select this option.

The maximum coverage will be the benefit amount that was in effect before you left Ryerson, or $100,000, whichever is less. Sun Life individual rates based on your age and occupation will determine your premium. For details, please contact Sun Life Insurance at 1-800-361-6212.


Ryerson reserves the right, at any time, to amend, change or discontinue any benefit coverage. If there is a question about coverage referred to in any portion of this benefits communication, the master contract from the insurer is the governing document.