Super Visa Insurance Cost: Monthly Payment Plan & Application Process

Understanding Super Visa insurance cost and the monthly payment process helps parents and grandparents of Canadian citizens plan their stay in Canada. This guide covers Super Visa insurance costs, the IRCC-approved monthly payment plan, and the complete Super Visa application process.

What is Super Visa Insurance?

Super Visa insurance is mandatory emergency medical insurance for parents and grandparents who apply for the Super Visa to visit Canada. Canadian citizens and permanent residents can sponsor their parents or grandparents for stays of up to five years per visit. IRCC (Immigration, Refugees and Citizenship Canada) requires proof of Super Visa medical insurance meeting specific requirements before approving the application.

Super Visa Insurance Requirements

To satisfy IRCC Super Visa requirements, your Super Visa insurance must:

• Provide a minimum of $100,000 CAD emergency medical coverage
• Be valid for at least one year from the date of entry
• Cover hospitalization, emergency medical care, and repatriation
• Be purchased from a Canadian insurance company
• Be valid for each entry to Canada and available for review by border officers

Super Visa Insurance Cost: What to Expect

Super Visa insurance cost varies based on several factors:

• Age of the applicant: Premiums increase with age; older parents and grandparents typically pay more
• Pre-existing conditions: Some plans require a medical stability period; coverage for pre-existing conditions may affect the premium
• Coverage amount: While $100,000 is the minimum, higher coverage limits increase the cost
• Deductible: Choosing a higher deductible can lower your Super Visa insurance premium
• Insurance provider: Compare Super Visa insurance quotes from multiple Canadian insurers

On average, Super Visa insurance cost for a 65-year-old can range from approximately $1,500 to $4,000+ per year depending on coverage and provider. Getting multiple Super Visa insurance quotes helps you find the best rate.

Super Visa Monthly Payment Plan: IRCC Approved

The Super Visa monthly payment plan is a flexible option that IRCC accepts for Super Visa applications. As of December 7, 2022, IRCC once again accepts Visitor to Canada insurance with the Super Visa monthly payment plan when submitting applications.

How the Monthly Payment Plan Works

Instead of paying the full Super Visa insurance premium upfront for the entire year, the monthly payment plan allows you to:

1. Pay a two-month deposit plus a $50 policy fee to initiate coverage
2. Submit your application with the policy documentation—IRCC receives the policy as paid in full (the policy will note the monthly payment plan)
3. Activate the policy after your Super Visa application is approved and your family member purchases their flight to Canada
4. Receive a refund of the two-month deposit if the application is not approved (the $50 policy fee is non-refundable)

Benefits of the Super Visa Monthly Payment Plan

• Flexible travel dates: Don't worry about paying the full year upfront before knowing if the visa will be approved—adjust your policy dates when the application is approved
• Early return refund: If your parent or grandparent returns home before the policy ends, they may receive an early return refund—even if there was a claim
• Cash flow flexibility: Spread the Super Visa insurance cost over monthly payments instead of one large upfront premium
• No commitment risk: If the visa is denied, you only lose the $50 policy fee rather than the full annual premium

Who Can Use the Super Visa Monthly Payment Plan?

The Super Visa insurance monthly payment plan is available for:

• Parents and grandparents applying for a Super Visa to visit Canada
• Visitors already in Canada who need to purchase or renew coverage
• International students, workers, and nannies on visitor status—can purchase the annual policy with monthly payments for up to 2 years

The plan can be canceled and monthly payments stopped if the visitor receives a provincial health card or returns home earlier than planned. Cancellation and refund are available even if there were claims.

Medical Stability Period for Super Visa Insurance

When comparing Super Visa insurance plans, consider the medical stability period for pre-existing conditions. Each insurer defines how long a pre-existing condition must be stable before it's covered.

For example, if someone had knee surgery four months ago and has been stable for two months, they need an insurer with a medical stability period of two months or less to cover that condition. Choosing the wrong stability period can result in denied claims.

Insurance by Mira helps ensure your pre-existing conditions are properly covered and your Super Visa insurance meets your needs.

Super Visa Application Process: Step-by-Step

1. Get Super Visa insurance quotes from Canadian insurance providers
2. Choose a plan that meets IRCC requirements (minimum $100,000 CAD, 1-year validity)
3. Purchase the policy—either pay in full or use the monthly payment plan
4. Obtain proof of insurance to submit with your Super Visa application
5. Submit your Super Visa application to IRCC with all required documents
6. Activate the policy once approved and travel dates are confirmed

Conclusion

Super Visa insurance cost and the monthly payment process make it easier for parents and grandparents to visit Canada. The IRCC-approved monthly payment plan reduces upfront costs and provides flexibility while meeting all Super Visa insurance requirements. Compare Super Visa insurance quotes, understand the medical stability period, and choose a plan that fits your family's needs.

For personalized assistance with Super Visa insurance for parents and grandparents, contact Insurance by Mira at (647) 705-7443 or insurancebymira@gmail.com.