Bringing parents or grandparents to Canada under the Super Visa program is a great way to spend quality time together. However, one of the key requirements for a Super Visa is purchasing Super Visa insurance for at least one year. The cost of this insurance can be high, which is why many applicants look for Super Visa insurance monthly plans to manage expenses more conveniently.

In this guide, we’ll cover how Super Visa insurance monthly plan work, their benefits, costs, and how to find the best rates.

What is Super Visa Insurance?

Super Visa insurance is a mandatory medical insurance policy that applicants must purchase before applying for a Super Visa. This insurance ensures that parents and grandparents visiting Canada have adequate healthcare coverage in case of medical emergencies, hospitalization, or repatriation.

Super Visa Insurance Requirements

To be eligible, the Super Visa insurance policy must meet these criteria:

✔️ Minimum coverage of $100,000 CAD (higher coverage options available).
✔️ Coverage for at least 1 year from the date of entry into Canada.
✔️ Issued by a Canadian insurance provider.
✔️ Covers emergency medical expenses, hospitalization, and repatriation.
✔️ Fully paid upfront OR approved for a monthly payment plan.

💡 Did You Know? Some insurance companies allow you to pay in monthly installments instead of paying the full amount upfront, making it easier to manage costs.

What Are Super Visa Insurance Monthly Plans?

A Super Visa insurance monthly plan allows applicants to spread the insurance premium over several months instead of making a large one-time payment. This makes the insurance more affordable while still meeting the visa requirements.

How Do Monthly Payment Plans Work?

• The insurance provider pre-approves the applicant for a monthly plan.

• Some companies require a deposit upfront, while others may finance the full amount.

• The remaining amount is paid in equal monthly installments.

• The policy remains valid for one year, even if payments are ongoing.

Benefits of Super Visa Insurance Monthly Plans

Opting for a monthly payment plan offers several advantages:

✔️ Affordability – Avoid large upfront payments and spread the cost over the year.
✔️ Easier Budgeting – Pay in manageable monthly installments.
✔️ Full Coverage – Meets all Super Visa requirements without financial strain.
✔️ More Flexibility – Choose a plan that fits your financial situation.

💡 Tip: Some insurance providers may charge a small processing fee for monthly payment plans, so always compare options.

How Much Does Super Visa Insurance Monthly Plan Cost?

The cost of parent Super Visa insurance depends on:

🔹 Age of the applicant (older individuals may have higher premiums).
🔹 Coverage amount ($100,000, $150,000, or $200,000 options).
🔹 Pre-existing conditions (some conditions may increase costs).
🔹 Deductibles (choosing a higher deductible lowers monthly payments).
🔹 Insurance provider (different companies offer different rates).

Estimated Monthly Payment Costs

💡 Pro Tip: Some insurance providers require a deposit (e.g., 20-30% of the total premium) before setting up a monthly plan.

Best Super Visa Insurance Providers Offering Monthly Plans

Here are some top-rated insurance companies in Canada that offer Super Visa insurance monthly payment options:

1️⃣ Manulife – Offers monthly payment plans with comprehensive coverage.
2️⃣ Blue Cross – Provides flexible installment plans and great coverage for pre-existing conditions.
3️⃣ GMS (Group Medical Services) – Affordable options with flexible payment terms.
4️⃣ Tugo – Popular for easy claim processing and flexible payment options.
5️⃣ Allianz Global Assistance – Offers affordable rates with the option to pay monthly.

📌 Tip: Always request quotes from multiple providers to compare monthly payment options and get the best deal.

How to Apply for a Super Visa Insurance Monthly Plan

Applying for a Super Visa insurance monthly plan is easy. Follow these steps:

Step 1: Compare Plans from Multiple Providers

Look at coverage options, monthly costs, and terms before selecting a plan.

Step 2: Check Pre-Existing Condition Coverage

If your parent has pre-existing conditions, ensure the policy covers them.

Step 3: Choose a Deductible That Works for You

Higher deductibles reduce the monthly premium but increase out-of-pocket expenses if a claim is made.

Step 4: Submit Your Application

Once you choose a plan, submit the necessary documents and complete the application.

Step 5: Make the Initial Deposit (If Required)

Some insurance providers require an upfront deposit before setting up the monthly payment plan.

Step 6: Get Proof of Insurance for the Super Visa Application

After approval, you will receive a confirmation document, which you must include in your Super Visa application.

FAQs About Super Visa Insurance Monthly Plans

1. Can I Pay for Super Visa Insurance Monthly Instead of a Lump Sum?

Yes, some insurance providers offer monthly payment options, but they may require an initial deposit.

2. Is There an Extra Fee for Monthly Payment Plans?

Some companies charge a small administrative fee for setting up monthly payments, so always check the terms.

3. Can I Cancel My Super Visa Insurance If the Visa is Denied?

Yes, most providers offer a full refund if your Super Visa application is denied (as long as no claims have been made).

4. Are There Any Risks with Monthly Payment Plans?

The main risk is missing a payment, which could invalidate the policy. Always ensure timely payments to maintain coverage.

5. Can I Renew My Monthly Plan After One Year?

Yes, most  parent Super Visa insurance plans can be renewed annually, either through a new monthly plan or a one-time payment.

Final Thoughts

Choosing a Super Visa insurance monthly plan is an excellent way to manage costs while ensuring your parents or grandparents meet all Super Visa requirements. By selecting the right plan, you can enjoy flexible payments, full coverage, and peace of mind knowing your loved ones are protected during their stay in Canada.