How Much Does Super Visa Insurance Cost in 2025

Published on February 04, 2025 | By Policy Bazar

Introduction

If you’re applying for a Canadian super visa for your parents or grandparents, one of the first questions you’ll ask is: “How much does super visa insurance cost?” Receiving super visa insurance coverage typically requires funds between $1,200 and $2,500 CAD annually, according to Canadian standards, yet final rates depend on multiple variables such as age profile, together with protective scope, along with documented medical characteristics.

In this guide, we’ll break down:

Super visa insurance coverage costs estimated for 2024 amounts to between $1,200 to $2,500 CAD per year.
Key factors that impact pricing
Tips to save on premiums
A comparison of top Canadian providers

Super Visa Insurance Cost: Quick Answer

“Super visa insurance policies cost between $1,200 and $2,500 Canadian dollars each year for every insured applicant. Canada requires a minimum of $100,000 in emergency medical coverage, and this super visa insurance plan satisfies that requirement. The cost of super visa insurance depends on three major factors, including the age of applicants, followed by policy duration and deductibles, including coverage for existing conditions before the start date”.

6 Factors That Affect Super Visa Insurance Costs

1. Age of the Applicant

Example: Senior insurance costs rise with age so a 65-year-old pays $1,300 annually but an 80-year-old faces $2,400 yearly payments.

Why? The medical risks grow higher when applications come from older people.

2. Coverage Amount

Liability coverage starts at $100,000 minimum as Canada requires but adding $150,000 to $300,000 benefits your clients through slight premium adjustments.

3. Policy Duration

Policies that extend beyond one year to two to five years will frequently result in premium discounts for the policyholder.

4. Deductible Choice

A $1,000 deductible lowers premiums by 15–20% vs. a $0 deductible plan.

5. Pre-existing Conditions

The inclusion of stable conditions like diabetes results in base premium hikes ranging from an additional 10% to 30% of premium cost.

6. Insurance Provider

Prices vary by company. For example:

Provider	Annual Cost (70-Year-Old)	Coverage	Deductible
Manulife	$1,650	$100,000	$1,000
Allianz	$2,100	$200,000	$500
TUGO	$1,950	$150,000	$1,000

3 Ways to Save on Super Visa Insurance

Compare Quotes: Super Visa Insurance Calculator at Policybazar’s helps customers discover affordable options.
Increase Deductibles: Selecting a greater deductible expense of $2,500 leads to premium savings between 20% and 30%.
Exclude Non-Essential Coverage: Skip add-ons like trip cancellation if not needed.

FAQs About Super Visa Insurance Costs

Q: Does age affect super visa insurance costs?

A: Yes. People aged 65 years and above see a consistent 8–10% premium increase annually because of rising health risks.

Q: Can I pay monthly for super visa insurance?

A: The majority of insurance providers demand annual payments up front yet Sun Life has established itself as one of the rare providers offering this coverage through monthly installments.

Q: Is super visa insurance tax-deductible?

A: No, financial institutions in Canada do not consider super visa insurance as a deductible expense.

Why Compare Super Visa Insurance on Policybazar?

At Policybazar, we partner with top Canadian insurers (Manulife, Allianz, TUGO, and more) to help you:

Get instant quotes from 5+ providers
You can save 35% off your premium costs through plan comparisons
Your insurance plan can be adjusted to match your financial limitations

Compare Super Visa Insurance Quotes Now

Conclusion

Super Visa insurance costs between $1,200 and $2,500 per year are affordable when you find competitive providers whose deductible amounts suit your needs and modify coverage limitations. With Policybazar's free tools, you can locate Canada-compliant, affordable super visa insurance policies.

Need Help? Call our experts at +1 (416) 432-3838 for personalized advice!