What is a Super Visa Insurance monthly Plan?
We offer Super Visa Insurance monthly plan from two companies: 21st Century Travel Insurance as well as Travel Shield. Our licensed advisor will help you to compare the plans and offer the best policy as per your needs. Generally, The Super Visa Insurance policy premiums are paid upfront for one full year 365 days but some insurance companies do offer Super Visa Insurance monthly plans as well. Under monthly plan, the applicant pays first two month’s premium upfront with administration cost which is generally upto $50 and the policy gets issued and applicant can apply for Super Visa. The Super Visa insurance policy will start from the day applicant lands in Canada and then premiums will be paid on monthly basis. Basically, insurance company has received two month’s premium in advance and rest of the payments are spread over 10 month period. The minimum retained premium is two months which is not refundable. The premiums are guaranteed and it is more cost effective because paying all the premiums in one shot can be very stressful for the applicant. In other words, the monthly payment plan helps the applicant to manage the cost. However, in case your parents or grandparents decided to return early, it is very easy to cancel the policy and get a refund.
Special Note: Some conditions apply and plan varies from company to company. All applicants must read policy terms and conditions before making a purchase.