By Pankaj Babbar, licensed advisor at SAI Insurances · 3 min read
1-minute read
The short answer
- Yes. A year of coverage commonly runs from about $1,200 to several thousand dollars per person, but monthly plans exist and can still meet the IRCC requirement.
- IRCC needs the policy paid in full or in instalments with a deposit before your parent enters Canada.
- Roughly $105–$145 a month at ages 45–59, $135–$255 at 60–69, $240–$560 at 70–79 ($100,000, no deductible).
- Monthly usually costs a little more overall, and some insurers add a set-up fee or a larger first payment.
- Not every insurer offers monthly plans. We show the annual vs monthly totals side by side.
Detailed guide · 2 min read
Does IRCC accept monthly payments?
Yes — provided the policy itself still meets the rules. IRCC requires that super visa medical insurance:
- provides at least $100,000 in emergency medical coverage,
- is valid for at least one year from entry, and
- is paid in full or in instalments with a deposit before your parent enters Canada.
For the same plan, the coverage is generally the same whether you pay monthly or annually — the payment schedule changes. Your advisor confirms the exact IRCC wording that applies when you apply.
What does a year of coverage actually cost?
From the insurers' current rate cards in our live comparison (at $100,000 coverage, per person, standard $0 deductible), the annual premium works out to roughly:
- Ages 45–59: about $1,230–$1,720 for the year — a monthly equivalent of roughly $105–$145
- Ages 60–69: about $1,620–$3,030 — roughly $135–$255 a month
- Ages 70–79: about $2,890–$6,700 — roughly $240–$560 a month
Choosing a higher deductible brings every one of those numbers down — often substantially. Your exact premium depends on age, coverage amount, deductible and health; see your own number in about a minute.
The catch: monthly usually costs a little more overall
Monthly plans typically total somewhat more than paying the year up front, and some insurers add a one-time set-up fee or require a larger first payment as the deposit. The exact uplift and fees vary by insurer — so we show you the annual-vs-monthly totals side by side before you commit. For many families, spreading the cost is well worth a modest difference.
How we help
Not every insurer offers monthly payments. We compare the ones that do, show the true totals both ways, and explain what the deposit, fees and deductible do to your cost — in English, Hindi or Punjabi. Then the paperwork is handled so the policy is in place before your parent travels.
This article is general information, not insurance advice. Rates shown are derived from insurer rate cards effective April 2025 – July 2026 and change over time; monthly-plan availability, fees and terms vary by insurer. Your licensed advisor confirms the exact figures for your policy.