The Super Visa program has introduced a significant change, allowing parents and grandparents of Canadian citizens and permanent residents to purchase health insurance from international providers. This update aims to make the program more accessible and flexible.

What’s New:

– More Insurance Options: Families can now choose from a wider range of insurance providers, including international companies.
– Increased Affordability: This change may lead to more competitive pricing, making it easier for families to find affordable insurance options.
– Greater Flexibility: Families can select insurance plans that meet Canadian requirements while considering their individual needs.

Insurance Requirements

– Minimum Coverage Amount: The insurance policy must cover at least $100,000.
– Policy Duration: The policy must be valid for at least one year from the date of entry into Canada.
– Coverage Details: The policy should cover healthcare services, hospitalization, and repatriation.

Verifying Insurance Providers:

– Check OSFI’s List: Ensure the insurance provider is authorized by the Office of the Superintendent of Financial Institutions (OSFI).
– Confirm Provider Details Verify the provider’s authorization and details with OSFI.