Mortgage insurance  

Get up to $1,000 when you take out default insurance on your new mortgage1 or up to $450 upon your renewal2 

Make an appointment    or call us at 1-844-320-5857

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Our coverage | Take advantage of our promotions | Build your mortgage | Learn about our other insurance solutions

Our coverage

We’ve designed our coverage to offer you and your loved ones peace of mind.

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Coverage

Disability

In the event of physical or psychological disability, we'll take over your insured mortgage payments while you concentrate on your recovery. 

Insured amount up to $3,000 per month in the event of disability. 3

Eligibility criteria

Must have life insurance coverage.

Have performed paid work for a job totalling at least 60 hours over the last 4 weeks.

Self-employed: have generated gross income from employment of at least $10,000 during the last fiscal year prior to signing the application.

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Coverage

Critical illness

Your health comes first. Our coverage will help by reducing or covering your mortgage balance so you can focus on what matters most.

Coverage provided for critical illnesses up to a maximum of $150,000, equal to the insured balance of your mortgage. 3

Eligibility criteria 

Must have life insurance coverage.

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Coverage

Life

In the event of your passing, your coverage can help repay the insured balance of your mortgage, easing the financial burden on your loved ones. 3

Eligibility criteria

Must be between 18- and 64-years old.

Country of residence: Canada or the United States.

You must be a borrower, co-borrower, endorser or guarantor of a loan.

Take advantage of our promotions

Up to $1,000 cashback

Promotion for new mortgages

Get up to $1,000 cashback when you take out at least 3 insurance policies on your new mortgage. 1

Up to $600 cashback on insured loans from $100,000 to $399,999   
 
Up to $1000 cashback for a loan of $400,000 or more   
 
Contact one of our specialists to purchase insurance.

Make an appointment

This promotional offer is valid until November 4, 2025, for a new mortgage of $100,000 or more, covered by a minimum of 3 protections.

Up to $450 cashback

Promotion for mortgage renewals

You could get up to $450 cashback for each added protection (disability, critical illness and life) on your mortgage renewal. 2
 
$50 cashback on insured loans under $99,999  

$100 cashback on insured loans between $100,000 and $299,999  

$150 cashback on loans of $300,000 or more  
 
Contact one of our advisors today to get started.

Make an appointment

Offer valid from April 28, 2025 to October 31, 2025.

You can also call us at 1-844-320-5857

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Build your mortgage offer

Take advantage of our mortgage solutions and you could be eligible for some savings*

Discover our offers

*For a limited time. Please refer to the terms and conditions of each promotion. 

Learn about our other insurance solutions

Loan and line of credit insurance

Don't leave your debt to your loved ones: make sure your personal loan or line of credit is repaid.

See our loan and line of credit insurance

Credit card payment insurance

Insure your credit card balance to protect yourself and your loved ones from unexpected events.

See our credit card payment protection insurance

We’ll help guide you

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Do you need to insure your mortgage?

To sign up or find out more, call us.

1-844-320-5857
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Need to make a claim?

Visit the claims page for information on how to make your claim.

Visit the claims page

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We’re here to help

Our mortgage specialists are here to give you personalized advice and help you with your project.

Make an appointment

Little details that matter

1. The promotional offer is valid until November 4, 2025.

This offer applies to Personal Banking clients of National Bank who take out a mortgage loan of $100,000 or more during the promotional period and sign up for 3 or more types of insurance coverage (life, disability, and critical illness). The amount of the cashback varies depending on the amount of coverage taken out by the borrower and their co-borrowers, if applicable, and the amount of the loan covered by life insurance. The client must sign up for mortgage loan insurance when the loan is granted or, at the latest, 30 days after the loan is disbursed. The mortgage loan insurance application must be signed during the promotional period.

This offer applies to a new purchase, external refinancing, or mortgage transfer. Mortgage renewals, internal refinancing, mortgage renegotiations and mortgage loan integrated in an All-In-One are excluded from the offer. Financing must be for a residential dwelling with 1 to 6 units.

The cashback amount can be up to $1,000.

Amount covered by life insurance from $100,000 to $399,999.99

Number of types of coverage
 Total cashback
3 types of coverage $200
4 types of coverage $400
5+ types of coverage $600

Amount covered by life insurance of $400,000.00 and more

Number of types of coverage Total cashback
3 types of coverage $400
4 types of coverage $800
5+ types of coverage $1000

If all conditions are met:

  • The first half of the cashback will be awarded no later than 2 months after the loan is disbursed.
  • The remaining half of the cashback will be awarded no later than 6 months after the loan disbursement.

The cashback will be deposited in two portions to the transaction account from which mortgage payments are collected, within 30 days of the conditions being met. No insurance claim must have been accepted for your loan within the first 6 months of disbursement for all insured persons under the agreement. To benefit from the full cashback, the client must keep all the coverage to which they subscribed at disbursement for 6 months after the loan is disbursed and must be up to date with their mortgage payments. 

The offer may be modified, extended, or withdrawn without prior notice at any time. The offer may not be combined with any other National Bank offer, promotion, or benefit, other than the ones mentioned in this leaflet, and cannot be applied retroactively. There is a limit of only one cashback per eligible mortgage for the duration of the promotion, regardless of the number of co-borrowers. Clients cannot benefit from the offer more than once.

Terms and conditions of the offer

  1. Be a borrower or co-borrower of a mortgage loan
  2. At least one mortgage loan tier must be due for renewal* between April 28, 2025 and October 31, 2025
  3. Sign up for at least one type of insurance coverage on a mortgage loan tier between April 28, 2025 and Octobre 31, 2025
  4. The coverage must be maintained for 6 months from the loan insurance enrolment date
  5. Enrolment in loan insurance must take place between these dates:
    1. Up to 6 months before the renewal date
    2. No later than the first payment after the loan renewal date
  6. Be the holder or co-holder of a National Bank chequing account or CAD Progress account at the time the cashback is deposited.

Eligible products: 

  1. All uninsured mortgage loans or mortgage loan tiers, or ones that do not have full insurance coverage during the renewal period.
  2. In the event that only one mortgage tier is up for renewal, the other mortgage loan tiers are also eligible for the offer.

Non-eligible products 

  1. All-In-One home equity line of credit
  2. Mortgage loan integrated into an All-In-One

How the cashback will be paid

The cashback will be paid no later than 60 days after the minimum 6-month holding period for the insurance coverage has elapsed. 

The cashback will be paid into a National Bank chequing account or a National Bank CAD Progress account, whether it is the account from which the mortgage loan payments are made  

Other conditions

  1. Only coverage and amounts that have been maintained for a period of 6 months after insurance enrolment will be considered to calculate the amount of cashback.
  2. Stay up to date on mortgage loan payments until the cashback is paid
  3. This offer is subject to the conditions of the certificate of insurance, in particular with regard to the coverage period and the maximum coverage amounts; details are available in the certificate of insurance and the summary. (Summary for clients in the rest of Canada: here)
  4. Mortgage loans are subject to credit approval by National Bank. 
  5. This offer may be combined with any other offers for which the client is eligible.
  6. This promotion may be modified or withdrawn without prior notice
  7. The insurance application must have been accepted by the insurer, if applicable

* The renewal period is 6 months before the maturity date of the term of a mortgage loan tier.

Client form - Terms and conditions for mortgage renewal offer eligibility  

The terms and conditions of our loan insurance are set out in the summary and the insurance certificate. To learn more about your rights before subscribing to a mortgage insurance, read the AMF fact sheet.

To find out what mortgage insurance can do for you and assess if you are at risk, see the flyer.

TM All-In-One is a trademark of National Bank of Canada.

3. Subject to the terms and conditions of the insurance agreement, particularly with respect to the coverage period and maximum coverage amounts. Details are available in the FAQ and Summary.

Tax on premiums:
Quebec: 9%
Ontario: 8%
Manitoba: 7%