The Canadian Super Visa is a blessing for families who want their parents or grandparents to stay long-term. However, one of the key requirements to qualify for a Super Visa is proof of private medical insurance from a Canadian provider. When purchasing this Super Visa insurance for parents, families often find themselves deciding between two payment options: monthly plans and full (lump-sum) payment plans.

So, which one should you choose for 2025? Let’s compare both options in-depth to help you decide what’s best for your family's finances and peace of mind.

Why Super Visa Insurance Is Required

Before diving into payment types, it’s important to understand why Super Visa insurance is mandatory. The Canadian government requires all applicants to show:

• At least $100,000 in emergency medical coverage

• Valid insurance for a minimum of 1 year

• Coverage for hospitalization, repatriation, and healthcare

This is because Super Visa holders are not covered under public provincial plans like OHIP in Ontario. A single emergency without insurance can cost families thousands.

What Is Full Payment Super Visa Insurance?

With a full payment plan, you pay the entire annual premium upfront at the time of purchase. For example, if a 65-year-old parent’s annual policy costs $1,800, you pay the full $1,800 before they enter Canada.

Pros:

• Often more affordable overall than monthly plans

• Typically comes with no interest or financing fees

• Easier refunds if the visa is denied or travel plans change

• Compliant with all IRCC requirements

Cons:

• Requires a larger upfront payment, which may not be feasible for some families

• Ties up cash flow that could be used for other travel or living expenses

What Is Monthly Payment Super Visa Insurance?

Monthly payment plans allow you to spread the annual insurance cost over 12 months. Using the same example, instead of paying $1,800 at once, you might pay $160 per month.

Pros:

• Budget-friendly for families who can’t afford to pay a lump sum

• Allows for better cash flow management

• Parents can arrive in Canada with less financial strain

Cons:

• Usually more expensive overall, with 5-10% added fees or financing charges

• Refunds are limited or not available if the visa is denied after the first installment

• Some monthly plans are conditional, meaning coverage is only valid as long as payments are up-to-date

Cost Comparison: Monthly vs Full Payment (2025 Example)

Refunds & Cancellation Policies: What You Must Know

One of the biggest advantages of full payment plans is their refund flexibility. If your parents:

• Don’t get visa approval

• Return to their home country early

• Or decide not to travel at all

...you can usually get a partial or full refund, provided no claims have been made.

In contrast, many monthly plans are non-refundable once the first payment is processed.

Compliance with IRCC: Are Monthly Plans Accepted?

Yes, monthly plans are accepted by IRCC only if they are pre-approved and guarantee a full year of coverage. That means the plan must be structured in a way that the insurer commits to covering the full 365 days even if you are paying monthly.

Always ensure the insurer provides a letter of confirmation that explicitly states:

• 12-month coverage is active

• The policy is IRCC-compliant

• Emergency medical and repatriation are included