Student Special Offer

It's affordable, it's fast, and it's easy.
What is the Student Special Offer?
Disability Insurance
What: A tax-free monthly income that pays you if you are unable to study or work as a result of sickness or injury.

Why: Medical school is expensive and the bills don’t stop if you have to take a leave from medical school. Coverage is easy because there are no medical questions. It's inexpensive and the monthly coverage amounts increase throughout your career.
$100,000 Complimentary
Life Insurance
What: A payout for your loved ones in the event of death. Complimentary Group Term Life Insurance while you are a medical student.

Why: It helps protect your family’s financial future and it doesn’t cost you anything because OMA Insurance pays the life insurance premiums on your behalf while you are a student. Then you’ll have an option to keep it into residency and practice.

The best part? There are no medical questions or exams.


The Student Special Offer is available exclusively to members of the OMA or an Atlantic Medical Association/Society who reside in Canada, and are enroled in a full-time undergraduate school or faculty of medicine program in Ontario or Atlantic provinces, or Sherbrooke University (if residing in New Brunswick).

$100,000 Complimentary Life Insurance

While you are a medical student, receive this valuable coverage at no cost to you. Coverage will automatically increase by 10% every year up to 10 years with no medical questions asked.

Disability Insurance

Your Disability benefits will automatically increase as you progress through medical school without any medical tests or health questions asked. As an added bonus, in your final year of medical studies, OMA Insurance will pay your disability premiums.

Year of Study1 1 2 3 4
Coverage $1,500 $1,500 $2,500 $4,000
Premium Discount 75% 100% - Premiums paid by OMA Insurance
How Much Does It Cost?

The monthly disability premium for the Student Special Offer is about the same price as one breakfast a month.

Most students pay this per month (monthly Step-Rates2 with 75% discount applied):

Under 35, non-smoker Male Female
Year 1 & 2 $4.22 $6.81
Year 3 $7.02 $11.34
Year 4 $0.00 $0.00

There are a few factors that determine the exact price, so get a quote to find out your premium.

Additional Features

Click on any of the additional features below to learn more:

Just continue paying your premiums and your plans will seamlessly keep you covered at every stage of your career.

While you are automatically enroled into Step-Rates, you have the option to convert to Level Rate up to age 65 with no medical evidence. Choose which works best for you. Step-Rates change according to your age, while Level Rates remain level over time.

This rider is included on your student disability coverage at no cost to you until you complete your training. Once you complete residency/fellowship, you can increase your coverage during the 31-day option period without medical evidence every year to age 55.

You can continue your coverage regardless of where you live as long as you are a member of the OMA or an Atlantic Medical Association/Society.

As a student, you may not have the benefit of substantial savings to draw on if you become disabled. That's why we reduced the time period between the onset of the disability and the time you start receiving benefits to just 60 days.

The insurance provider cannot cancel your OMA Group Disability Plan for any reason.

If you are unable to attend a full-time undergraduate medical school program as a result of sickness or injury, are under Physician's Care, and are not engaged in any other gainful occupation, you will be considered totally disabled.

You do not have to be totally disabled to receive benefits. In the first 24 months of partial disability, you will receive 50% of your monthly benefit. After 24 months you will receive 25% of your monthly benefit.

You will qualify for full benefits if you totally and irrevocably lose the power of speech, sight in both eyes, hearing in both ears or the use of both hands or both feet.

If you test positive for HIV or are determined to be a Hepatitis B or C carrier and are in an asymptomatic infectious state, you may be eligible for Disability benefits even if you are not disabled as defined in the policy.

If you die during a period of disability, a survivor benefit of three times the last month's disability benefit is payable to your estate.

Allows your monthly Disability benefit to increase once you have been disabled for 12 consecutive months, in accordance with the Consumer Price Index, and subject to an annual maximum of 10%.

What happens when you graduate?

  • Your coverage automatically transitions with you into residency/fellowship and practice!
  • As a resident/fellow you will begin to pay premiums on September 1st, following the date you successfully complete medical school
  • You get a 50% discount on your Step-Rate premium as a resident. Note: if you've been paying premiums for two consecutive years as a student, you may qualify for an additional loyalty discount of 25% on Step-Rate disability premiums during your residency/fellowship
  • Learn more about resident coverage
How to Enrol

Or, if you prefer, you can download a printable enrolment form to complete and send to us. You can send your completed form by one of the following means:

  1. Email the document to
  2. Fax to 1.800.367.0813
  3. Mail to:

OMA Insurance

PO Box 365 STN Waterloo

Waterloo, ON N2J 4A4

What to Expect

OMA Insurance works to streamline the enrolment process as much as possible, reducing the complexity and time required to arrange coverage. Here are the steps required:

1. Process Enrolment Form

Once submitted, the provider will review and process your enrolment form. You might be contacted about missing information or to designate a beneficiary.

2. Receive your Certificates

It usually takes 4-6 weeks for the provider to process all the information. Once completed, your certificate(s) will be sent to you.


At this stage, and every stage.

While medical school is demanding on your time and budget, getting Disability and Life Insurance doesn't have to be. This special offer is just one of the ways OMA Insurance makes it easy for you to have the protection you need, when you need it – today, and at every stage of your career.

McMaster students in year two of study are eligible for $2,500 of Disability coverage and in year three of study are eligible for $4,000 of DI coverage. McMaster students in their final year of studies are eligible for a premium discount of 100%.

You are automatically enrolled into Step-Rates and have the option to convert to Level Rate up to age 65 with no medical evidence. Step-Rates change according to your age band (under 35, 35, 45 and 55) at the time of the plan renewal. The Level premium rates have been designed to remain level over time as you age and cannot be adjusted on an individual basis due to changes in your age or health. However, Level premium rates may change from time to time on a group basis depending on the insurance costs of the group. While we cannot guarantee that rates will not be adjusted in the future, the OMA Disability Insurance Plan has a long history of stable rates. Premiums are renewable yearly and subject to applicable provincial taxes. 

Complimentary Life Insurance is provided by the OMA. If you are already insured as a member or spouse under the OMA Life Insurance Plan, you are not eligible for the complimentary Life Insurance offer.

OMA Disability Insurance is underwritten by Sun Life Assurance Company of Canada, a member of the Sun Life group of companies. This fact sheet is intended for general guidance and is not a contract. The complete terms, conditions, limitations and exclusions governing the OMA Disability Insurance coverage can be found on your Certificate of Insurance and in the relevant group insurance policy 17849 and issued to the OMA by Sun Life Assurance Company of Canada.

Monthly Disability benefit payments will begin subject to Sun Life's approval of satisfactory evidence of continuing disability.

The life insurance material describes the Term Plus Plan under Policy G-29500 in very general terms. Complete terms are governed by the group insurance policy issued by New York Life Insurance Company, Canadian Chief Agency, 2100 Scotia Plaza, 40 King St. West, Toronto, Ontario M5H 3C2 on Policy Form GMR-FACE.

Some conditions apply.


It's affordable, it's fast, and it's easy.