Understanding Super Visa Insurance in Canada

A Complete Guide for Parents/GrandParents visiting Canada

When planning to bring your parents or grandparents to Canada, a Super Visa is a fantastic option for extended stay and visits in Canada. However, one of the crucial requirements to ensure approval of the Super Visa application is obtaining Super Visa Insurance. This specialized insurance covers medical emergencies while your loved ones are in Canada. In this article, we will walk you through the information about Super Visa Insurance, what to look for while shopping for a quote, and provide answers to essential questions an advisor needs to generate an accurate quote.

What is Super Visa Insurance?

Super Visa Insurance is a type of travel medical insurance specifically designed for parents and grandparents visiting Canada under the Super Visa program. It ensures that in the event of an emergency, such as sudden illness or injury, the insurance will cover necessary medical treatments, including hospitalization and repatriation, without placing a burden on Canada’s healthcare system.

Why Do You Need Super Visa Insurance?

The Canadian government mandates that all applicants for the Super Visa must show proof of adequate medical insurance coverage for at least one year. This ensures that visitors do not become a financial burden on public health services. Without insurance, applicants risk visa rejection.

Minimum Requirements for Super Visa Insurance

1. Coverage Amount: The insurance must provide a minimum coverage of $100,000 CAD.

2. Valid for at Least One Year: The policy must be valid for the full duration of the super visa holder’s stay, which can extend up to five years now. Earlier it used to be 2 years at max.

3. Coverage Includes: Emergency medical care, hospitalization, and repatriation. Every policy has the list of coverages it would include before you finalize any Insurer.

4. Canadian Insurance Provider: The insurance must be from a Canadian insurance company to meet immigration requirements.

How Much Does Super Visa Insurance Cost?

The cost of Super Visa Insurance typically ranges per month, depending on several factors:

• Age of the applicant.

• Health and medical history.

• Amount of coverage.

• Length of stay.

• Deductible option.

• Pre-existing health conditions.

Where to Buy Super Visa Insurance

To ensure that the policy meets Canadian immigration requirements, Super Visa Insurance must be purchased from a Canadian insurer. You can easily purchase this insurance through a licensed insurance broker or directly from an insurance company. It's crucial to shop around for quotes from different providers to compare coverage options and premiums.

You can buy insurance from websites like InsuredYou.ca, where professionals help match your needs with the right policy.

What to Look for When Shopping for Super Visa Insurance Quotes

1. Coverage Limits: Check if the policy meets or exceeds the $100,000 CAD minimum coverage. Some people opt for higher coverage, such as $150,000 or $200,000, especially if the applicant is elderly or has underlying health conditions.

2. Deductible Options: Deductibles can range from $0 to $10,000. Choose a deductible that balances your premium affordability and out-of-pocket costs during a medical emergency. A Deductible is the amount which you would need to pay first and before the Insurer payouts the rest of the Claim.

3. Pre-Existing Conditions: Make sure to disclose any pre-existing medical conditions to your insurance provider. Coverage for pre-existing conditions is available, but only if the condition has been stable for a specified period (usually 90 to 180 days).

4. Emergency Medical Coverage: Ensure that the policy covers emergency medical expenses, hospital stays, medical evacuation, and repatriation in case of a serious illness or injury.

5. Family Coverage: If you are buying insurance for multiple family members, check for possible discounts for multiple policies.

6. Refund Policies: Some insurers offer partial refunds if the visitor returns home before the coverage period ends. Be sure to inquire about refund options.

When to Buy Super Visa Insurance

To apply for a Super Visa for parents/grandparents, one needs to buy the Super Visa Insurance in advance either on its Monthly or Full one year of advance premium payment.

When going for Monthly option, Insurers would ask for atleast 2 months of advance premiums and in case if going for 1 year of Premium in that case you may qualify for some discount on the total premium you would pay to the Insurer.

For any amount of time which is not spent by the applicant/s in Canada, the Insurer would refund the amount after deducting their nominal processing fees which could take about 15days to 1 month time depending upon the Insurer.

Super Visa Insurance Questionnaire

To work out an accurate quote for Super Visa Insurance, an advisor typically requires the following information:

1. Coverage Amount: Choose from $100,000, $150,000, $200,000, or $300,000.

2. Deductible: Select a deductible amount that suits your budget (e.g., $0, $100, $250, $500, $1000, $2500, $5000, $10,000).

3. Ages of Parents: Provide the date of birth (DOB) of the parents or grandparents visiting Canada.

4. Tentative Arrival Date: Indicate the expected arrival date in Canada.

5. Pre-Existing Conditions: Confirm if pre-existing conditions need to be covered. If yes, disclose any details including any medications being taken at present and their frequency, as insurers require this information before issuing the coverage.

6. Visiting the US: If the visa holder will be visiting the US, provide the number of days spent in the US during the visit. Ideally the insurers allow maximum of 49% stay of the total duration outside on Canada. It could be in US or any other Country though.

7. Payment Option: Decide whether to pay the premium as a one-time annual payment or in monthly installments.

Key Considerations While Shopping for a Super Visa Insurance Policy

• Plan Length: Ensure the policy covers the full year or longer, depending on your Super Visa application. Policies cannot be purchased for periods shorter than one year.

• Inclusions and Exclusions: Make sure to review the policy wording for what is covered and what is excluded. Common exclusions include routine doctor visits, planned dental or vision care, and pre-existing conditions that are not stable.

• Family Support: As a sponsor, you can purchase the Super Visa Insurance on behalf of your parents or grandparents. This can simplify the process, ensuring that their insurance is fully compliant with immigration requirements.

• Refund Options: If the visitor returns home early, you may be eligible for a partial refund of the unused portion of the policy.

• Super Visa Requirement: An Insurance Policy is a mandatory coverage required when you are appplying for a Super Visa for your Parents/Grandparent.

• Early Cancellation: In Case if your parents/grandparents have been refused for their Super Visa, in that case Full refund is possible upon furnishing the proof of the Super Visa Rejection Letter otherwise, early Cancellation before the end of the year is not entertained by any Canadian Insurer.

Conclusion

Super Visa Insurance is a critical component in ensuring the smooth approval of a Super Visa application for your parents or grandparents. By understanding the coverage options, comparing different providers, and working with an expert insurance broker, you can find the right policy that not only meets the minimum requirements but also offers comprehensive coverage for unforeseen medical emergencies.