If you’re bringing your parents or grandparents to Canada on a Super Visa, one of the key requirements is Super Visa insurance. This mandatory medical insurance ensures they have coverage for healthcare and emergencies during their stay. However, with varying insurance costs, finding the lowest Super Visa insurance rates can be challenging.
In this guide, we’ll explore how to get affordable Super Visa insurance, what factors affect pricing, and expert tips to save money without compromising coverage.
What is Super Visa Insurance?
Super Visa insurance is a health insurance policy required by Immigration, Refugees, and Citizenship Canada (IRCC) for parents and grandparents visiting Canada under the Super Visa program. This insurance provides coverage for medical emergencies, hospitalization, and repatriation.
Minimum Requirements for Super Visa Insurance
For a Super Visa to be approved, the insurance policy must:
✔ Provide a minimum of $100,000 in coverage
✔ Be valid for at least one year from the entry date
✔ Cover healthcare, hospitalization, and repatriation
✔ Be purchased from a Canadian insurance provider
✔ Include proof of full payment (not just a quote)
Without meeting these criteria, your Super Visa application may be denied.
What Affects Super Visa Insurance Rates?
Several factors influence the cost of Super Visa insurance, including:
🔹 Age of the insured – Older individuals pay higher premiums
🔹 Coverage amount – Minimum required is $100,000, but higher coverage means higher costs
🔹 Pre-existing conditions – If covered, premiums are higher
🔹 Deductible amount – Higher deductibles lower the premium
🔹 Insurance provider – Rates vary among providers
🔹 Policy duration – Longer coverage periods may come with discounts
How Much Does Super Visa Insurance Cost?
Average Super Visa Insurance Rates
| Age Group | $100,000 Coverage (Annual) | $150,000 Coverage (Annual) |
| 40-49 years | $800 – $1,200 | $1,000 – $1,500 |
| 50-59 years | $1,100 – $1,600 | $1,300 – $2,000 |
| 60-69 years | $1,700 – $2,500 | $2,000 – $3,000 |
| 70+ years | $2,500 – $5,500 | $3,000 – $7,000 |
💡 Tip: If your parents or grandparents are healthy and under 60 years old, you can find Super Visa insurance rates under $1,500 annually.
How to Find the Lowest Super Visa Insurance Rates
1. Compare Multiple Insurance Providers
Different providers offer different Super Visa insurance rates based on their risk assessment and coverage options. Use comparison websites or get quotes from multiple insurance companies before making a decision.
🔹 Best Super Visa Insurance Providers in Canada:
✅ Manulife – Comprehensive plans and flexible payments
✅ Sun Life – Trusted provider with competitive pricing
✅ Tugo – Known for affordable rates and fast claim processing
✅ GMS (Group Medical Services) – Good options for pre-existing conditions
✅ Travelance – Budget-friendly plans with great coverage
💡 Tip: Work with an insurance broker who can help compare the best rates from different providers.
2. Opt for a Higher Deductible
A deductible is the amount you pay out of pocket before the insurance coverage kicks in. Choosing a higher deductible can significantly reduce monthly premiums.
📌 Example:
- $0 deductible → Higher premium
- $500 deductible → 10-20% lower premium
- $1,000 deductible → 20-40% lower premium
💡 Tip: Only choose a high deductible if you’re confident in covering out-of-pocket expenses.
3. Choose the Minimum Coverage Required
The IRCC requires at least $100,000 in coverage, but some insurers offer higher coverage options ($150,000 or $200,000). If you’re on a budget, sticking to $100,000 coverage can help you secure lower Super Visa insurance rates.
4. Buy Annual Coverage Instead of Monthly Plans
Some insurers offer monthly Super Visa insurance plans, but they often cost more overall than an annual lump-sum payment. If you can afford to pay for the full year upfront, you’ll usually get a discounted rate.
5. Look for Discounts and Special Offers
Many insurers offer discounts such as:
✔ Couple’s discount – If both parents are applying together
✔ Long-term policy discount – Purchasing coverage for more than one year
✔ No pre-existing condition discount – If no health issues exist
6. Consider Group Plans
If multiple family members are applying for Super Visa insurance, some providers offer group discounts that can lower individual policy costs.
7. Check Refund and Cancellation Policies
Some insurance providers allow partial refunds if the Super Visa application is denied or if the insured leaves Canada early. This ensures you don’t lose money unnecessarily.
Super Visa Insurance with Pre-Existing Conditions
If your parents or grandparents have pre-existing medical conditions, coverage will be more expensive. However, some providers offer special plans that cover stable pre-existing conditions.
🔹 How to Reduce Costs with Pre-Existing Conditions:
✅ Ensure the condition is stable for a specified period (usually 180-365 days)
✅ Choose higher deductibles to lower premiums
✅ Look for insurers specializing in pre-existing condition coverage
Frequently Asked Questions (FAQs)
1. Can I Pay for Super Visa Insurance in Monthly Installments?
Yes, some insurers allow monthly payment plans instead of an upfront lump sum. However, monthly plans might include additional fees or higher total costs.
2. Can I Cancel My Super Visa Insurance and Get a Refund?
Yes, if your Super Visa application is denied, many insurance providers offer partial or full refunds (minus administrative fees).
3. Is Travel Insurance the Same as Super Visa Insurance?
No. Super Visa insurance must meet IRCC requirements, while travel insurance may not provide adequate coverage for a Super Visa application.
4. Can I Extend Super Visa Insurance If My Parents Stay Longer?
Yes, you can renew or extend the policy. Contact your insurer before the expiration date to avoid coverage gaps.
Final Thoughts: How to Get the Cheapest Super Visa Insurance
To find the lowest Super Visa insurance cost, follow these key steps:
✔ Compare multiple quotes from top insurers
✔ Opt for a higher deductible to reduce premiums
✔ Stick to the minimum required coverage ($100,000)
✔ Buy an annual plan instead of monthly payments
✔ Look for special discounts and group plans
By following these tips, you can secure affordable Super Visa insurance for your parents or grandparents, ensuring their health and safety during their stay in Canada.
