Super Visa Insurance: A Simple guide and recommendations

Super Visa Insurance: What you should know before travel
Image Credit: canadafornewbies

Are you looking to obtain super visa insurance to visit your child or ward in Canada but don’t know how to go about it? This article discusses everything you need to know about super visa insurance.

Let’s get started with a quick definition of a super visa.

What is a super visa?

A super visa allows parents, guardians, or grandparents to stay for more than six months with you in Canada. It expires within ten years and enables several entries into Canada, provided each visit is not more than two years.

What makes you eligible for a super visa?

To be eligible for a super visa? You must:

  • Be a parent, guardian, or grandparent of a Canadian citizen or permanent resident
  • Get a signed letter from the child or grandchild you plan to visit in Canada. The letter includes:
  • A financial support
  • The number of people in the household you plan to visit
  • A sample of your host’s Canadian citizenship or permanent resident document
  • Medical insurance from a Canadian insurance company (i.e., super visa insurance).

What is super visa insurance?

Super visa insurance is a vital requirement for obtaining a super visa. You will need medical insurance from a Canadian insurance company for at least one year from the day you enter Canada.

This ensures you don’t become a financial burden on the publicly funded health system when you visit. So, by presenting a, super visa insurance, you show proof that you have adequate insurance that will cover you while residing in Canada.

What are super visa insurance requirements?

The Immigration Refugee and Citizenship (IRCC) requires you to meet the following requirements before being accepted. However, note that these requirements are strictly for super visa insurance, not for super visas.

  • The medical insurance company must be a Canadian insurance company.
  • The policy coverage is expected to be at least $100 000.
  • It must be valid for at least one year from the date of entry to Canada.
  • You must prove that the health insurance has been bought as they do not accept quotes.

How much does super visa insurance cost?

Super visa insurance varies based on several factors, including age, deductibles, and underlying medical conditions.

However, there’s always a rough estimate you can work with. We’ve outlined them below for you. Note that these estimates are for a one-year policy with $100 000 of coverage and between zero and $1000 deductible.

Below are the average rates for super visa insurance:

  • If you are in your mid-forties without an underlying medical condition, you may pay around $800 and $1,800.
  • If you and your spouse are in your mid-forties without underlying medical issues, you may pay $1,600 and $3,600.
  • You may pay between $1700 and $4,600 if you are in your early 70s.

Note: These estimates may increase if you have underlying medical issues. The least amount is around $2,200 for someone in their 70s with a preexisting medical problem.

Also, the prices above are rough estimates of what you should expect; they are not exact prices as prices may fluctuate for several reasons.

If you want to get an actual price, we suggest getting a quote. You can visit a comparison website, examine a range of quotes from companies offering super visa insurance and choose the most appropriate for you.

Can you pay for your super visa insurance monthly?

Yes, you can pay for your super visa insurance monthly if you struggle to pay for a year in advance. Some insurance companies allow you to pay monthly for your super visa insurance instead of paying for the entire year in advance.

However, you will have limited access to insurance companies because only a few offer this option. Also, they are usually more expensive. You may pay extra charges for monthly repayments. For example, a monthly insurance company can be 30% more than paying upfront.

Using a credit card to pay for your super visa insurance

You can use a low-interest credit card to avoid paying up to 30% interest when you pay monthly. A low-interest line of credit will help you pay for the year in advance and pay the credit card balance off over the year.

Tons of credit cards charge low interest, around 13%, cheaper than the 30% interest you may pay without a credit card. Therefore, research properly to find a credit card that offers a low-interest rate for your budget.

What to look out for when purchasing super visa insurance

Below are tips to keep in mind when purchasing super visa insurance:

  • Ensure your medical insurance has a minimum duration of one year. You can select the date of the insurance policy. You also have the flexibility to change the insurance policy date before the actual date.
  • You can call or email your insurance company to change the date. Note that the day you arrive in Canada should be the first day on the insurance policy. They start counting the one-year coverage from the first day you get to Canada.
  • You are guaranteed a refund if you are unable to get a Canadian visa. Additionally, you get a 100% premium you paid for the visa insurance protection provided you return a proof of denial of funds.
  • You can also acquire refunds through a prorated refund if you leave before one year.
  • The plans that cover underlying medical conditions only apply to steady illnesses. This includes medical issues that do not require a change in medication or tests.
  • If you decide to stay for more than a year, then it’s critical to purchase a new insurance policy eight days before the old policy expires.

What are the minimum required levels of coverage for super visa insurance?

Your super visa insurance must cover health care, hospitalisation, and repatriation. It should have at least a $100,000 coverage level. It must also be valid once you decide to enter Canada. You must also present evidence that the Canadian super visa is an officer at the entry stage.

Are there alternatives to super visa insurance?

Super visa insurance is designed for parents, guardians, and grandparents who plan for long-term visits with Canadian citizens or permanent residents in Canada for more than six months and a maximum of two years. So, you may have to go for super visa insurance if you don’t fit into these qualifications. For example, if you plan to travel for six months or less, you may opt for other suitable options for short-term visitors or travellers.

Additionally, if a child or ward wants to sponsor you to live in Canada permanently, they can obtain a Parents and Grandparents Sponsorship Program (PGP). They can support you to become a permanent resident in Canada by doing this.

Other factors to consider when purchasing a super visa insurance

Below are other factors to consider when purchasing super visa insurance:

  • A super visa is an essential requirement from the Canadian government. So, it’s critical to purchase the appropriate policy for your age, coverage needs, and medical background. Remember that the cheapest options may not be the most quality ones. Also, it’s best to work with your budget and maximize the policy. Therefore, explore different policies, and compare prices and benefits before making a choice.
  • Many super visa insurance companies keep your coverage if you have to attend to an emergency in your country or travel back and forth to your home country. However, the coverage applies in Canada and not in your home country.
  • You must report to your insurer if you experienced any changes in your health while in your home country.
  • The cost of a super visa insurance changes over time based on the insurer’s company policy. However, you don’t have to stick to one insurance company for ten years. You can renew or change your super insurance company over the years.

Conclusion

Super visa insurance is a must-have to obtain a super visa and live with a permanent resident of Canada as parents, guardians, and grandparents. This article highlighted the different requirements and tips for purchasing Canadian super visa insurance. Follow these recommendations to buy the right super visa insurance for your needs.

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