If you’re planning to bring your parents or grandparents to Canada under the Super Visa program, one of the most important requirements is Super Visa insurance. This insurance provides essential medical coverage, but paying for it upfront can be expensive. That’s where a Super Visa insurance monthly plan comes in—allowing you to pay in smaller, more manageable installments instead of a lump sum.
In this guide, we’ll compare the best Super Visa insurance monthly plans, explore Super Visa insurance rates, and help you find the most affordable options with easy approval.
What is a Super Visa Insurance Monthly Plan?
A Super Visa insurance monthly plan allows applicants to pay for their insurance coverage in installments rather than making a full one-year payment upfront. These plans help families manage expenses more efficiently while still meeting the Immigration, Refugees, and Citizenship Canada (IRCC) requirements for Super Visa approval.
IRCC Requirements for Super Visa Insurance
✔ Minimum coverage of $100,000 for medical emergencies, hospitalization, and repatriation
✔ Valid for at least one year from the date of entry
✔ Issued by a Canadian insurance provider
✔ Proof of payment required (some providers require a deposit for monthly plans)
Pros & Cons of Super Visa Insurance Monthly Plans
✅ Pros:
✔ More affordable upfront – No need to pay thousands of dollars at once
✔ Flexible payments – Monthly installments fit different budgets
✔ Same coverage benefits as lump-sum policies
❌ Cons:
⛔ Higher overall cost – Monthly payments may include interest or fees
⛔ Upfront deposit required – Some insurers require a down payment
⛔ Limited provider options – Not all insurance companies offer monthly plans
Comparison of the Best Super Visa Insurance Monthly Plans
Here’s a comparison of top insurance providers offering monthly Super Visa insurance plans with competitive rates and flexible payment options.
| Insurance Provider | Coverage Amount | Monthly Payment | Deposit Required? | Pre-Existing Condition Coverage? |
| Manulife | $100,000 – $250,000 | $120 – $300 | Yes | Yes |
| Tugo | $100,000 – $200,000 | $110 – $280 | No | Yes |
| GMS (Group Medical Services) | $100,000 – $150,000 | $130 – $320 | Yes | Yes |
| Travelance | $100,000 – $300,000 | $100 – $270 | No | Limited |
| Sun Life | $100,000 – $250,000 | $140 – $350 | Yes | Yes |
💡 Tip: Always check with the insurer to confirm if a down payment is required and whether pre-existing conditions are covered before purchasing a plan.
Super Visa Insurance Rates: Monthly vs. Annual Payments
How Much Does Super Visa Insurance Cost?
The cost of Super Visa insurance depends on several factors, including:
🔹 Age of the insured – Older individuals pay higher premiums
🔹 Coverage amount – $100,000 is the minimum, but higher coverage costs more
🔹 Medical history – Pre-existing conditions increase premiums
🔹 Provider pricing – Rates vary by insurer
Average Monthly vs. Annual Super Visa Insurance Rates
| Age Group | Annual Cost ($100,000 Coverage) | Estimated Monthly Cost |
| 40-49 years | $800 – $1,200 | $80 – $120 |
| 50-59 years | $1,100 – $1,600 | $110 – $160 |
| 60-69 years | $1,700 – $2,500 | $170 – $250 |
| 70+ years | $2,500 – $5,500 | $250 – $550 |
💡 Tip: While monthly payments provide flexibility, paying annually can save you 5-15% compared to monthly installment plans.
How to Choose the Best Super Visa Insurance Monthly Plan
1. Compare Multiple Providers
Different insurers offer varying monthly rates, coverage options, and approval requirements. Use insurance comparison websites or work with a broker to find the best deal.
2. Check for Hidden Fees
Some providers charge processing fees, interest, or higher premiums for monthly payments. Always ask for a full breakdown of costs.
3. Look for No-Deposit Options
Some insurers require a deposit upfront, while others allow full monthly payments without a deposit. If you prefer no upfront payment, choose an insurer offering pure monthly installments.
4. Choose the Right Coverage Amount
While $100,000 is the minimum required, you may opt for higher coverage ($150,000 or $200,000) for extra protection. However, higher coverage increases monthly costs.
5. Ensure Pre-Existing Conditions Are Covered
If your parent or grandparent has a pre-existing medical condition, check whether the policy covers it. Some insurers charge extra for pre-existing condition coverage.
6. Read Refund and Cancellation Policies
Many insurers allow partial refunds if the Super Visa is denied or if the visitor leaves Canada early. Always confirm the cancellation terms before purchasing.
FAQs About Super Visa Insurance Monthly Plans
1. Can I Get Super Visa Insurance Without Paying Upfront?
Yes, some insurers offer monthly installment plans without an upfront deposit, but they may charge slightly higher rates.
2. Is Monthly Super Visa Insurance More Expensive Than Annual Plans?
Yes, monthly payments are usually more expensive than paying annually due to additional administrative fees or interest charges.
3. Can I Cancel My Super Visa Insurance Plan If My Visa Is Denied?
Yes, most insurance companies provide full or partial refunds if your Super Visa application is denied. Check the cancellation policy before purchasing.
4. Can I Extend My Super Visa Insurance Monthly Plan?
Yes, you can renew or extend the insurance policy before it expires. Contact the insurer before the end date to avoid coverage gaps.
Final Thoughts: Finding the Best Super Visa Insurance Monthly Plan
If you’re looking for a Super Visa insurance rates that fits your budget, follow these key steps:
✔ Compare different insurance providers to find the best rates
✔ Check if a deposit is required before committing to a plan
✔ Look for hidden fees and avoid unnecessary extra costs
✔ Ensure pre-existing conditions are covered if needed
✔ Choose the minimum required coverage ($100,000) for lower rates
By following these tips, you can secure an affordable, flexible Super Visa insurance plan for your parents or grandparents—ensuring they have the medical coverage they need while making payments manageable for you.