Insurance for resident physicians
PARA Group Insurance plans
The AMA’s ADIUM Insurance Services Inc. partners with the Professional Association of Resident Physicians of Alberta for competitive group disability and life insurance coverage for all eligible PARA members.
Coverage provided:
- Monthly disability benefit of 75% of your gross monthly salary.
- $150,000 of life insurance coverage.
- $150,000 coverage for Accidental Death & Dismemberment.
The disability, life and accident coverage are provided to eligible PARA members at no cost.
Portability of PARA benefits
When you complete your residency program, you can convert your PARA disability and life insurance to the competitive plans offered by the AMA, without having to prove good health. Contact ADIUM for more details.
You may also continue to increase coverage as a practicing physician, without having to prove good health, through the Guaranteed Insurability Benefit Rider (GIB) on your disability insurance, which comes automatically as part of your PARA conversion.
- Learn more about PARA Disability insurance plans
- Apply now for conversion of PARA benefits
(Mac users: Please ensure to fill out the form using Adobe reader).
Important: Post-graduate residents commencing training in Alberta effective July 1, 2023, will not be eligible for conversion of PARA Disability Insurance coverage. All ministry-funded residents on record as of June 30, 2023, will continue to be eligible for conversion upon successful completion of their program.
ADIUM Insurance Services Inc.
AMA’s ADIUM Insurance Services Inc. offers members a variety of products with competitive rates, comprehensive coverage and no added fees or commissions.
Plans available to AMA members include:
- Disability Insurance – up to $4,000/month coverage to supplement your PARA coverage. AMA resident physician members receive a 50% discount off of our already competitive physician rates.
- Term Life Insurance – up to $5,000,000 for you and/or your spouse.
- Critical Illness Insurance – up to $1,000,000 for you and/or your spouse.
- Accidental Death & Dismemberment – up to $1,000,000 for you or for you and your family.
- AMA Health Benefits Trust Fund – available at the conclusion of residency training, when your PARA group benefits terminate.
Learn more about ADIUM Insurance coverage
Home and automobile insurance
TD Insurance Meloche Monnex can help you save on insurance for your home or automobile. As an AMA member, you can benefit from special privileges such as preferred group rates, enhanced coverage and flexible limits.
Be sure to ask for the AMA member discount.
