How much does Super Visa insurance cost per month?
Monthly Super Visa insurance spreads the annual premium over instalments rather than lowering the total. The yearly cost is driven by the parent's age, the coverage amount ($100,000+ required) and any pre-existing conditions, so the monthly figure varies widely. The policy must still be valid for the full 365 days.
Key takeaways
- Monthly plans split the annual premium; they do not reduce the total cost.
- Age, coverage amount and pre-existing conditions are the main price drivers.
- The policy must stay valid for the full 365 days IRCC requires.
- Many monthly plans refund the unused portion if the parent leaves early.
“How much per month?” is one of the first questions families ask about Super Visa insurance. The honest answer is that monthly pricing is really about splitting a yearly premium into instalments — so the monthly number depends entirely on what the annual premium would be.
What “monthly” really means
A Super Visa policy must cover a full 365 days. A monthly plan does not shorten that or shrink the total; it divides the annual premium into instalments so you are not paying a large sum upfront. That makes the cost easier to manage, especially for families supporting a parent’s long stay, but the total paid over the year is close to the lump-sum price.
What drives the price
Three factors set the premium, and therefore the monthly figure. The age of the parent or grandparent is the biggest — premiums rise with age. The coverage amount matters too: $100,000 is the IRCC minimum, but $150,000 and $200,000 options exist and cost more. And pre-existing conditions can raise the price where stability-based coverage is needed. Because these vary so much from one person to the next, there is no single monthly number — it can range widely, and anyone quoting you a fixed figure without these details is guessing.
Ways to keep the monthly cost down
Choosing the minimum compliant coverage, selecting a higher deductible, and ensuring any pre-existing conditions meet the stability requirement are the usual levers. A monthly plan with a refund option is also valuable: if the parent returns home early with no claim, you stop paying and recover the unused portion, so you are not covering months they are not in Canada. It is also worth comparing a couple of coverage amounts side by side, since the step up from the $100,000 minimum to a higher limit is often smaller per month than families expect. Always balance a lower premium against the protection you would actually want in a real emergency.
Keeping the policy IRCC-compliant
Whatever payment schedule you choose, the coverage must stay valid for the full 365 days from entry, provide at least $100,000, come from a Canadian insurer, and cover healthcare, hospitalization and repatriation. IRCC accepts instalment-paid policies as long as the full year of coverage is in force. We offer monthly-payment Super Visa plans built to meet these requirements, and you still receive proof of coverage to submit with the application.
The practical takeaway
A realistic way to think about budget
Rather than searching for a single monthly figure online, work backward from the annual premium. Decide the coverage amount, account for the parent’s age and any health factors, then divide across the year to see the instalment. That gives a number you can trust instead of a generic quote that ignores the factors that actually set the price. Remember that a refund option changes the real cost: if the parent returns home early with no claim, you recover the unused portion, so the amount you ultimately pay can be less than the headline annual premium suggests.
Think of the monthly cost as the annual premium divided across the year, not as a discount. To see a realistic figure for your parent — based on their age, the coverage amount and any health factors — compare your options and get a quote rather than relying on a generic monthly number.
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Frequently asked questions
Does paying monthly cost more than paying annually?
Sometimes slightly, because of instalment handling, but the difference is usually small. Monthly payment is about cash flow — spreading the cost over the year rather than paying it all at once — not about getting a lower total.
What makes one parent's monthly price higher than another's?
Mainly age, the coverage amount chosen (the minimum is $100,000, with higher options available), the deductible, and whether there are pre-existing conditions requiring stability-based coverage. Older applicants and higher coverage amounts raise the monthly figure.
Can I cancel a monthly plan if my parent goes home early?
Often, yes. Many monthly Super Visa plans let you stop payments and refund the unused portion when the parent returns home early and no claim has been made. Confirm the cancellation and refund terms with the insurer before buying.
TripCovered is a licensed insurance referral service operating in Ontario. Insurance is administered by North American Air Travel Insurance Agents Ltd., doing business as TuGo®, a licensed insurance broker in all provinces and territories. The issuer of the contract is Industrial Alliance Insurance and Financial Services Inc. and Industrial Alliance Pacific General Insurance Corporation. Coverage is subject to the terms, conditions, limitations and exclusions of the policy. This website provides general information only and is not a contract of insurance. Always read your policy wording before you travel.