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Can I pay for Super Visa insurance monthly? – Updated 2024
The IRCC is accepting super visa insurance paid in monthly instalments. Right now, that is limited to certain insurance providers only. But it’s expected that monthly payment policies from other providers will soon be accepted too. This is welcome news for families who want more flexibility with how they pay for their super visa insurance policy.
- What is a Super Visa insurance?
- Can I pay for Super Visa insurance monthly?
- Will the new Super Visa insurance rules affect me?
- Can I switch to monthly Super Visa insurance payments?
- Which Canadian providers offer monthly payment plans for Super Visa insurance?
- How can I apply for the Super Visa monthly plan?
- How to get the best Super Visa insurance deals
- Frequently asked questions
Since 2011, the Canadian Super Visa program has helped to connect Canadian citizens and residents with their foreign parents and grandparents. The unique health insurance plan for visitors to Canada on this kind of visa, also known as Super Visa insurance, has helped keep them covered in case an emergency happens during their stay.
However, there has been some confusion about Super Visa insurance payment options. The rules about how you can pay for it have changed a few times since the program was rolled out. In this article, we’ll clarify the issue and provide some details on what kind of payment options are available.
What is a Super Visa?
A Super Visa is a unique visitor visa for the foreign parents and grandparents of Canadian citizens and permanent residents. It’s a 10-year multiple entry visa that allows visitors to stay for up to 5 years, with the option to apply for a 2-year extension.
What is Super Visa insurance?
This is a specialized form of travel medical insurance that is designed to cover visitors for the entire time they are in Canada. It helps cover the costs of medical emergencies and other health care needs that may arise during their stay. The main purpose of this kind of coverage is to make sure visitors aren’t a financial burden on the public healthcare system — or on the family members they are visiting.
Is Super Visa insurance mandatory?
Yes, it is mandatory. To be allowed to enter Canada, you need to have a policy that:
- Covers emergency medical care
- Has a minimum coverage of $100,000 CAD
- Is valid for at least a 12-month period
- Is bought from a Canadian insurance company
- Is active when you arrive in Canada
Call 1-888-601-9980 to speak to our licensed advisors right away, or book some time with them below.
Can I pay for Super Visa insurance monthly?
Yes, you can pay for Super Visa insurance either monthly or yearly. Just be aware that only certain providers offer monthly payment plans right now. Most providers only allow you to pay annually.
But either option is accepted by the Canadian government. They only require that the medical insurance plan for visitors with this kind of visa be paid by the time that person arrives in Canada, either:
- Paid in full for a 12-month period
- Deposit paid for a monthly payment plan
Note that the government will not accept just quotes for a payment plan. The insurance policy must be paid according to the requirements listed above.
What are the benefits of paying for Super Visa insurance monthly?
There are several benefits of paying for Super Visa insurance on a monthly basis, including affordability, flexible coverage, easy renewal options, lesser upfront costs, and more. Find more about these benefits:
- Affordability: Monthly payments make it easier for families to budget and manage their finances, avoiding the large upfront cost for insurance
- Flexible coverage: The ability to adjust coverage based on the duration of stay allows families to tailor their insurance to fit specific needs and circumstances
- Cash flow management: Spreading the cost over several months helps maintain cash flow, making it more manageable for families with varying financial situations
- Renewal options: If additional coverage is needed, many monthly plans allow for renewals, ensuring continued protection for extended visits without the hassle of reapplying for new policies
- No large upfront costs: Families can avoid the financial strain associated with paying the full insurance premium upfront, which can be particularly beneficial for those on a fixed budget
Did the rules about Super Visa insurance payments change?
Yes, the rules about how you can pay for Super Visa medical coverage changed a few times in 2022 and 2023. This is what caused some confusion for visa-holders and their family members.
From August to December 2022, the Canadian government said that Super Visa insurance payments had to be made in full at the time of purchase. Otherwise, visa-holders might not be allowed to enter the country. This led some families to worry that something might happen to their visitor status unless they paid in-full right away.
But now, you are allowed to pay in monthly installments if your provider gives that option. This is welcome news for families looking for more flexibility with how they pay for their insurance policy!
Will the new Super Visa insurance rules affect me?
The new rules will mostly affect new visa-holders who are looking to buy health insurance for their stay. But it could also affect insured people who are already in Canada.
Here’s how it could affect you:
Can I switch to paying for Super Visa insurance monthly?
Yes, you can change from a yearly to a monthly payment plan for your super visa medical insurance coverage, if your provider has that option. Remember, only a few providers offer monthly payment options.
If you’ve already paid in full for the full year of health insurance for your super visa, you may have to wait until your current plan ends before you can switch to a monthly payment plan.
Or, if you’re already in Canada and you want to stay longer by extending your visa, you can ask for a monthly payment plan when you renew your health insurance.
Which Canadian providers offer monthly payment plans for Super Visa insurance?
Some of the best Canadian insurance companies allow Super Visa insurance payments to be made monthly, including:
- 21st Century
- Travelance
- Secure Travel
We work with all of these providers at PolicyAdvisor.com, so contact us if you’re interested in getting a monthly payment plan. Our team would be happy to go over some coverage options with you!
How can I apply for the Super Visa monthly plan?
Applying for the Super Visa monthly plan involves several steps including eligibility criteria, filling up documents, choosing the right insurance provider, and requesting a quote. Here’s a guide on how to do it:
- Check eligibility: Ensure you meet the eligibility requirements for a Super Visa, which is available for parents and grandparents of Canadian citizens or permanent residents
- Gather required documents: Prepare necessary documents including proof of relationship to the Canadian citizen or permanent resident, evidence of sufficient income from the sponsor in Canada, and medical insurance coverage details with a minimum of $100,000 in coverage
- Choose an insurance provider: Research and select a Canadian insurance provider that offers a Super Visa monthly plan. Look for reputable companies that provide adequate coverage for medical emergencies
- Request a quote: Visit the chosen insurance provider’s website or contact them directly to request a quote. Provide information such as your age, duration of stay in Canada, and any specific coverage needs
- Review policy options: Evaluate the policy options presented, including coverage limits, premiums, and additional benefits. Ensure that the policy meets the Super Visa requirements
- Complete the application: Fill out the insurance application form provided by the insurer. This can often be done online. Provide necessary personal information and documentation
- Make monthly payments: After approval, set up your payment plan to cover the insurance premium on a monthly basis. Ensure you understand the payment terms and conditions
- Obtain policy documents: Once the application is approved and payments are set up, you will receive your insurance policy documents. Keep these handy, as they may be required for the Super Visa application
How to get the best Super Visa insurance deals
You can easily find the best deals on Canadian Super Visa insurance with PolicyAdvisor. Use our free online quoting tool to get Super Visa insurance quotes and compare prices from top Canadian providers in less than a minute.
Or schedule a call with one of our licensed insurance advisors for expert advice on which travel insurance policy would be best for you and your family.
Frequently Asked Questions
How much does Super Visa insurance cost?
As with most insurance premiums, Super Visa insurance costs depend on factors like:
- Applicant age
- Applicant health status
- Applicant health history
- Policy length
- Coverage amount
- Deductible options
The average cost of Super Visa health insurance policies is just over $1,000 to upwards of $1,500 per year. However, the cost can also be well over $2,000, again depending on the factors listed above.
People who have pre-existing medical conditions — like diabetes, high blood pressure, cancer, heart conditions, lung conditions, etc. — may have to pay a higher cost for their health insurance.
Check out some quotes right here on our website to find a policy that matches your family’s needs and budget.
Can a relative buy Super Visa insurance for me?
Yes, Canadian citizens and permanent residents can buy a policy on behalf of their visiting parents or grandparents. In fact, many people choose to do just that.
With this program, Canadian citizens and residents are considered the sponsors of their visiting family members. Since they are financially responsible for the visit, most people will buy the necessary Super Visa coverage on behalf of their visiting relatives.
Is Super Visa insurance refundable?
Yes, you can get a refund if you need to cancel your insurance coverage. But we don’t recommend that you cancel your policy except in a few rare circumstances.
Your Super Visa insurance has to remain active for the entire duration of your stay for your visa to remain valid. If you cancel it, your visa might be revoked.
The few exceptions would be:
- If the insured person leaves Canada earlier than expected
- If the Super Visa application is denied
In either of these cases, or similar situations, it may be necessary to cancel the policy. At that time, the insurance provider would give you a partial refund.
How long does it take to get Super Visa insurance?
In most cases, you’re approved as soon as you complete the application process. It’s quite fast and simple to get the coverage you need. Getting approved for the actual visa itself is much more complex and takes far more time.
You can apply for Super Visa insurance in a matter of minutes with PolicyAdvisor. We give you the option to apply online or over the phone with one of our expert advisors. So, you’re free to apply however is easiest for you.
- You are allowed to pay for Canadian super visa insurance either monthly or yearly
- Only a select number of Canadian insurance providers offer monthly payment options for super visa health insurance
- The process to get super visa insurance is very easy and usually approved instantly
