Know More About Super Visa Insurance Cost in Canada

 Since December 2011, with the introduction of Super Visa Insurance, many parents/grandparents have been facilitated to visit their children without any tension of getting visa renewed again and again. All thanks to the Canadian Government.

The program came into force from November 2011 in Canada with the aim of family reunification for those who are permanent residents of Canada and have parents/grandparents settled abroad. The Super Visa Insurance scheme offers temporary visa to them to stay for a period of two years and the visa is valid for a period of 10 years. Above all, the benefits of the program are more and the success rate is also high in comparison to a regular visitor to Canada Visa Program.

Super Visa Insurance Cost Canada

Super Visa insurance Cost in Canada is quite affordable. The Government has taken care of the individuals and keep in mind has also provided a facility of monthly payments of premiums in some of the policies. Every Insurance Company offers unique terms and benefits that determine the cost of Super Visa Insurance in Canada. One must pay close attention to these points e.g. the exclusions and eligibility section at the time of purchase.

To get the best policy, one must compare different options and quotations. Over time, several people of different age groups have observed lower rates, especially for travellers who don't demand any pre-existing medical coverage. By filling the quote request form, one can get the final rates.

The main steps in cost determination include 

⦁ Getting a quote

⦁ Comparing benefits and

⦁ Verifying the details and making a purchase

The various factors that affect your cost are:

⦁ Deductible options available

⦁ Refund policy details

⦁ Specific benefits/exclusions offered

⦁ Pre-existing medical condition

⦁ Age of the applicant

Some policies offer monthly payments for Super Visa Insurance. These monthly payments can help you avoid the one-time upfront cost of buying a 365-day policy. Getting the lowest rates and choosing the appropriate plan are the main motives of the investor.

Super Visa Insurance Cost in Canada rates are as follows:

⦁ With an age between 45 to 60 years, with no coverage for a pre-existing medical condition ($100,000 maximum) and $0 deductible, the cost would be $1133.60. With $1000 deductible it will be around $916.88. As age increases, the cost also increases. If you are between 85-89 years old, then it may cost around $5292.50 with $0 deductible. 

⦁ With stable pre-existing medical condition covered and the age between 45-54 years, it may cost $1476.00 with $0 deductible and $1047.00 with $1000 deductible. As the age increases, the price also increases and you may contact your insurer to get a customized rate.

Various deductibles are available with $75, $100, $250, 500, $2500, $3000 and $10,000 options. A deductible with the policy means that the deductible amount is paid before the insurance policy pays for any eligible expenses. Higher the deductible, lower the final insurance cost.

How can you save money?

⦁ Use an online calculator for comparing quotes

⦁ Fill effective date properly at the time of buying the policy. The Super Visa Insurance starts when a person enters Canada so one needs to take care of these dates.

Above all, the information needs to be filled properly. Do not run after the lowest price but pay attention to the benefits that you can get.