How Much Does Super Visa Insurance Cost? Compare Rates & Save

For many parents and grandparents of Canadian citizens and permanent residents, the Super Visa program provides an incredible opportunity to visit family in Canada for extended stays of up to five years per visit. However, a critical requirement for obtaining a Super Visa is the purchase of Super Visa insurance, which covers medical expenses during their stay. Understanding Super Visa insurance costs and comparing options is essential to find an affordable plan that still offers comprehensive coverage.

In this guide, we’ll break down Super Visa insurance costs, discuss factors that affect premiums, and provide tips on finding the cheapest Super Visa insurance without compromising on coverage.

What is Super Visa Insurance?

Super Visa insurance is a mandatory insurance requirement for individuals applying for a Canadian Super Visa. This insurance policy provides coverage for healthcare and medical emergencies during an extended stay in Canada. To meet Canadian immigration requirements, Super Visa insurance must offer:

• A minimum coverage of $100,000 CAD

• A coverage period of at least one year

• Proof of coverage with a Canadian insurance provider

This insurance ensures that visitors have access to medical care without placing financial burdens on their Canadian family members or on the Canadian healthcare system.

How Much Does Super Visa Insurance Cost?

The cost of Super Visa insurance varies based on several factors, including the applicant’s age, health status, chosen coverage amount, and policy duration. Generally, Super Visa insurance cost can range from $800 to $2,500 CAD per year for individuals aged 45 to 65. Older applicants, particularly those over 75, may face higher premiums due to increased health risks.

Here’s a breakdown of the primary factors affecting Super Visa insurance cost:

1. Age: Older applicants face higher premiums as they are at higher risk for health issues.

2. Coverage Amount: The minimum requirement is $100,000 CAD, but higher coverage limits are available and can impact costs.

3. Deductible: Higher deductibles often result in lower premiums, but also increase out-of-pocket costs in the event of a claim.

4. Pre-Existing Conditions: Coverage for stable pre-existing conditions can increase premiums but is often essential for older applicants.

5. Policy Duration: Annual policies are most common, but some providers offer shorter terms. Longer terms may offer cost savings in some cases.

To get the cheapest Super Visa insurance that still meets coverage requirements, it’s crucial to compare providers and coverage options.

Comparing Top Super Visa Insurance Providers

Let’s look at some of the top Super Visa insurance providers in Canada, focusing on their costs and what they offer.

1. Manulife Super Visa Insurance

Manulife is a leading insurance provider in Canada with comprehensive options for Super Visa insurance.

• Estimated Cost: $1,200–$2,000 CAD annually for an applicant aged 55–65, depending on coverage and deductible.

• Coverage Options: Minimum $100,000 CAD, with options up to $1 million.

• Additional Benefits: Covers emergency medical expenses and provides optional coverage for stable pre-existing conditions.

Manulife is ideal for those looking for a balance between coverage and cost, offering flexible plans with various deductible options.

2. Sun Life Super Visa Insurance

Sun Life is another reliable provider that offers Super Visa insurance with flexible deductible options.

• Estimated Cost: $1,500–$2,500 CAD annually for applicants aged 55–65.

• Coverage Options: Offers $100,000 CAD minimum coverage and options up to $300,000 CAD.

• Additional Benefits: Emergency medical coverage includes hospital visits, prescription medications, and emergency dental coverage.

Sun Life is well-regarded for its customer service and offers options that may be appealing for families wanting comprehensive coverage.

3. GMS (Group Medical Services) Super Visa Insurance

GMS is known for affordable Super Visa insurance options and is particularly popular among applicants seeking budget-friendly coverage.

• Estimated Cost: $800–$1,800 CAD annually for individuals aged 45–65.

• Coverage Options: Starts at the $100,000 CAD minimum but offers higher coverage.

• Additional Benefits: Covers emergency medical, ambulance services, and repatriation. Coverage for stable pre-existing conditions is available at an additional cost.

GMS is a great option for those searching for cheapest Super Visa insurance while still meeting visa requirements.

4. Allianz Global Assistance Super Visa Insurance

Allianz is a global insurance provider with a strong presence in Canada, offering competitive rates for Super Visa insurance.

• Estimated Cost: $1,300–$2,200 CAD annually for applicants aged 55–65.

• Coverage Options: Ranges from $100,000 CAD to $1 million.

• Additional Benefits: Offers coverage for emergency medical expenses, hospitalization, and emergency dental care.

Allianz is a strong choice for those who prefer a reputable global brand with a focus on high-quality coverage.

5. Tugo Super Visa Insurance

Tugo offers competitive Super Visa insurance policies with flexible options that make it attractive for budget-conscious applicants.

• Estimated Cost: $850–$2,000 CAD annually for individuals aged 45–65.

• Coverage Options: Starts at $100,000 CAD, with options for higher coverage.

• Additional Benefits: Includes emergency medical, hospitalization, and quick claims processing, making it popular for ease of use.

Tugo is an affordable option for families looking for cheapest Super Visa insurance with a simple claims process.

Tips to Save on Super Visa Insurance

Finding affordable Super Visa insurance requires careful planning and comparison. Here are some tips to help you save:

1. Compare Multiple Quotes: Use online comparison tools to review quotes from various providers. This can help you find the best deal for your specific needs.

2. Consider a Higher Deductible: Selecting a higher deductible will lower your monthly premiums. Just ensure you can cover the deductible if you need to make a claim.

3. Review Pre-Existing Condition Coverage: If pre-existing conditions are stable, adding this coverage might be beneficial, though it may increase costs. Compare rates from providers that offer this option to find the best deal.

4. Choose the Right Coverage Amount: Opt for $100,000 CAD if you only need the minimum, as higher coverage limits will increase the premium.

5. Bundle with Family Insurance: Some providers offer discounts if multiple family members purchase policies simultaneously.

Final Thoughts on Finding the Right Super Visa Insurance

Choosing the right Super Visa insurance can be challenging, but understanding the factors that affect Super Visa insurance cost can help you make an informed choice. By comparing plans from top providers like Manulife, Sun Life, GMS, Allianz, and Tugo, you can find a policy that fits your budget and meets all requirements for the Canadian Super Visa.

Super Visa insurance ensures that parents and grandparents can visit Canada and enjoy quality healthcare coverage without excessive costs. Taking the time to compare rates and options will help you find affordable, reliable coverage for a worry-free stay in Canada.