Understanding Canadian Super Visa Insurance
When planning to bring your parents or grandparents to Canada, a Super Visa is a fantastic option for extended visits. 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 how to buy 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
Coverage Amount: The insurance must provide a minimum coverage of $100,000 CAD.
Valid for at Least One Year: The policy must be valid for the full duration of the visa holder’s stay, which can extend up to five years.
Coverage Includes: Emergency medical care, hospitalization, and repatriation.
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 from $100 to $200 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
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.
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.
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).
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.
Family Coverage: If you are buying insurance for multiple family members, check for possible discounts for multiple policies.
Refund Policies: Some insurers offer partial refunds if the visitor returns home before the coverage period ends. Be sure to inquire about refund options.
Super Visa Insurance Questionnaire
To work out an accurate quote for Super Visa Insurance, an advisor typically requires the following information:
Coverage Amount: Choose from $100,000, $150,000, $200,000, or $300,000.
Deductible: Select a deductible amount that suits your budget (e.g., $0, $100, $250, $500, $1000, $2500, $5000, $10,000).
Ages of Parents: Provide the date of birth (DOB) of the parents or grandparents visiting Canada.
Tentative Arrival Date: Indicate the expected arrival date in Canada.
Pre-Existing Conditions: Confirm if pre-existing conditions need to be covered. If yes, disclose any details as insurers require this information along with any medications, dosages and frequency being taken.
Visiting the US: If the visa holder will be visiting the US, provide the number of days spent in the US during the visit.
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.
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.
