Desjardins Financial Security Cancer Protection Premium
The claims period is opened within the framework of an agreement reached in a class action
Montreal, [October 26, 2023] - The claims period is open following an agreement reached between Option consommateurs and Desjardins Financial Security (" DFS ") at class action concerning the addition of cancer diagnosis coverage (the " Cancer Protection ") to Desjardins members' savings life insurance without their consent.
Option consommateurs More specifically, DFS is accused of having added Cancer Protection to Desjardins members' savings life insurance on June1, 2016, and of having increased their premiums without asking for their agreement.
As part of the agreement, DFS will refund premiums collected for Cancer Protection between June1, 2016 and November 24, 2023 to eligible individuals who file a claim. DFS is also committed to donating $3 million to charitable organizations, after payment of disbursements and a portion of attorneys' fees.
To be eligible, you must have taken out savings life insurance before June1, 2016, have paid the Cancer Protection premiums and not have filed a claim under this coverage. In addition, you must not have benefited from the measures proposed by DFS in December 2017, and you must indicate why. Finally, you must waive Cancer Protection.
If you receive compensation, Cancer Protection will be automatically withdrawn from your savings life insurance and you will no longer pay the premium.
To take effect, the agreement must first be approved by the Court. Monies will be distributed once the agreement has been approved. However, those who believe they are eligible for compensation can now go to www.ey.com/ca/protection-cancer to complete the claim form.
For more information about class action, to object to this agreement or to opt out, please visit www.ey.com/ca/protection-cancer.
About Option consommateurs
Option consommateurs is a non-profit association whose mission is to defend the rights and interests of consumers. It focuses on issues related to personal finance, business practices, financial services, privacy, energy, debt and access to justice.
For more information or an interview:
Marie-Ève Dumont, Communications Consultant
514-598-7288
514-777-6133 (journalists only)
