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Simple, valuable bundled insurance solutions
The Essentials Offer is a bundled package of several insurance products with coverage designed specifically for OMA members. Essentials Offer provides the following:
Designed to help you save
One of the most exclusively priced insurance options offered by OMA Insurance.
Plenty of coverage options
Choose to have Group Term Life Plus 75 Insurance, Disability Insurance and/or Professional Overhead Expense coverage.
Stability and reliability
Enjoy the confidence of knowing that your financial needs and those of your family can still be met if an illness or accident were to occur.
Exclusive partnerships
OMA Insurance has exclusive partnerships with the Canadian Federation of Medical Students, Ontario Medical Students Association and Black Physicians’ Association of Ontario for students, residents and practicing physicians.
Choose the offer based on your career stage.
Each bundled offer includes multiple insurance products with coverage designed specifically for OMA members.
Essentials Offer for Students and Residents
- Essentials is designed to provide personal financial protection and gives you the flexibility to combine coverage that continues through medical school, residency and into practice. You can count on OMA Insurance to provide you with products to protect you when you need it the most and help you kickstart your retirement savings. This offer is uniquely designed exclusively for you.
- Up to $4,500 per month Disability Insurance.
- Choice of step or level premium options for Disability Insurance.
- $200,000 of Group Term Life Plus 75 Insurance (complimentary throughout medical school).
- Students can participate in the OMA Advantages Retirement Plan™ to start saving through a Tax-Free Savings Account or Registered Retirement Savings Plan with no administrative fee for four years post-enrolment with a low monthly contribution amount.1
- Enroll in the plan in your first year of medical school without any medical tests or health questions asked.
Essentials Offer for International Medical Graduates
- OMA Insurance’s offer for international medical graduates provide coverage that continues throughout residency and into practice. Should an illness or injury occur, members can count on a solution with unique benefits and features.
- Up to $4,500 per month Disability Insurance.
- Choice of step or level premium for Disability Insurance.
- $200,000 of Group Term Life Plus 75 Insurance.
- Apply by August 31 in the year residency training starts.
Essentials Offer for Physicians
- It’s time to reflect and celebrate on completing your residency or fellowship. This change also means your resident association insurance coverage will end and you need an option to stay protected — especially when you’re getting ready to start your own medical practice. Now is the time to top up existing or secure new insurance coverage.
- Up to $11,000 per month Disability Insurance.
- Choice of step or level premium options for Disability Insurance.
- Up to $5,000 per month Professional Overhead Expense.
- $200,000 Group Term Life Plus 75 Insurance.
- Apply within 60 days prior to or 120 days after the date you complete your residency or fellowship program.
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Contact us
To learn more about OMA Insurance programs call
1-800-268-7215
(Monday – Friday 8:45am – 5pm ET)
Our 30- day satisfaction guarantee
If you are not satisfied with your coverage, simply return your insurance certificate to Manulife within 30 days of receiving it, and any premiums paid for the coverage will be promptly refunded.2
1 The information contained on this website is provided for educational purposes only, and should not be construed as advice to be acted upon. The information is not intended to offer investment, taxation, accounting, financial or similar professional advice, nor is it intended to replace the advice of independent tax, financial, accounting or legal professionals. This website is intended to only provide general retirement education information based on the common circumstances of the Ontario physician community and does not take into account any individual’s particular financial needs, circumstances and objectives. The information presented here may not be suitable for non-residents of Canada, or situations involving such individuals. Employees of OMA Insurance are not licensed or authorized to provide investment products, services or advice to you, except as it relates to insurance.
2 The insured may, within thirty (30) days after receiving this policy, return it to the address below for cancellation. The policy will be considered never to have come into effect and any premium paid up to the end of the 30-day examination period will be refunded, less any claims paid. Where claims paid exceed premiums, the difference must be repaid to the insurer immediately. This right of cancellation expires thirty (30) days after the policy is received by the insured and does not apply to any reissued, substituted or consolidated policy continuing coverage that commenced under a previously issued policy. The rights of any beneficiary under the policy are subject to this right of cancellation.