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Why should you purchase Super Visa Insurance?

April 22, 2022

Super Visa Insurance Mississauga

When you’re applying Super Visa for a long-term stay in Canada, you should know that it is mandatory to apply for super visa insurance for your visa to be processed. If you don’t, there’s a good chance that your visa will also not be approved. Why you may ask? Well, the Canadian government has made it mandatory for all who are applying for Super Visa Insurance to take up an additional insurance policy on top of it. One of the major reasons behind this decision is to ensure that the visa holders during their stay in Canada can manage their medical expenses without any worries. Now if you’re looking for reasons why you should be purchasing the super visa insurance, you’ve come to the right place. Read on to find out why.

First, let’s understand how super visa insurance works

Similar to any other medical insurance policy the super visa insurance can be used to submit a claim for any medical costs and get full or partial reimbursement for it. The policy’s advantage over native insurance policies is since the super visa insurance will have to be taken from a Canadian insurance company (one of the conditions) the transactions can be completed with ease. Coming to the cost of it, depends on the policyholder's age and health conditions. And if you’re thinking that you can apply for the policy on your parents' or grandparents' behalf, the answer is, yes, you can!

A few reasons why you should take up super visa insurance

Well, there are several and we do have a list of them below, have a look:

  • Super visa insurance has been made mandatory by the Federal government, without this insurance, the visa will not be processed

  • When your parents or grandparents land in Canada, they will not be covered under the government’s healthcare policy, which means, for any doctor’s consultation, they will have to pay out-of-pocket. That can be quite expensive.

  • With super visa insurance, everything from a doctor’s consulate and surgeries to hospital stay and post-surgery aftercare is covered. All you have to do is submit a claim and the insurance company can take care of the rest.

  • Repatriation costs are also included in case the policyholder is ill or has met with an accident and wants to go back to their country.

Some conditions that you should meet

Before, you go and apply for the insurance, you should know about some conditions that will have to meet for applying for the insurance:

  • The policy has to be taken from a Canadian company

  • The coverage should be a minimum of $1,00,000

  • The insurance policy should be valid for a minimum of one year

  • The policyholders will have to pass the immigration medical test.

If you have some queries regarding conditions and costings, it’s better that your get in touch with a professional insurance broker. They will b more than happy to help you.

The bottom line

Whole life insurance is also called traditional life insurance, it offers permanent death coverage for the life of the insured. It also contains a savings component. Whole life is a form of permanent life insurance, it never expires as long as you make your payments.