To be eligible for the Super Visa, sponsors need to meet or exceed the minimum income threshold. The income threshold is based on the size of the sponsor’s family, including both dependents and the visiting parent(s) or grandparent(s). The threshold is updated annually by the Canadian government to account for inflation.
The LICO is updated annually, depending on the number of people in your family living in Canada. Generally, you will need to demonstrate income that is at least 30% above the LICO for your family size. This requirement ensures that you have enough funds to support yourself and any dependents without relying on public assistance.
| Size Of Family Unit | LICO – 12 Months |
| 1 person | $26,620 |
| 2 persons | $33,140 |
| 3 persons | $40,742 |
| 4 persons | $49,466 |
| 5 persons | $56,104 |
| 6 persons | $63,276 |
| 7 persons | $70,448 |
| More than 7 persons, for each additional person | $7,172 |
The calculation of income for the Super Visa application involves considering the sponsor’s total income from various sources. These sources may include employment earnings, self-employment income, rental income, pension, and investments. It’s crucial to provide accurate and up-to-date information to ensure a successful application.
Sponsors must provide supporting documents to verify their income. These documents may include pay stubs, employment letters, tax assessments, bank statements, and other financial records. It’s essential to gather all the necessary paperwork and ensure that the information is clear and easily understandable.
With years of experience in the insurance industry, Rupinder Rai understands the unique needs and concerns of families sponsoring their loved ones. She is committed to helping you navigate through the intricacies of Super Visa Insurance and ensuring that you make informed decisions about coverage options.
There are several benefits of hiring an insurance broker for your super visa insurance; some of them are:
-
- They can help you customize the insurance policy
- You can benefit from a lower premium rate
- There will be more than one plan for you to choose from
So, hiring a broker can make your life easy when choosing a Super Visa Insurance in Brampton, but in the end, it will be up to you if you want to hire one.
You can ask your insurance broker to add all pre-existing medical conditions to the contract. If you do this, you will have coverage for these conditions during your stay in Canada?
There are monthly payment options available for Super Visa Insurance, as well as bi-annual options. You can speak with us to know more about the super visa insurance in Brampton.
If there are no claims made on your Super Visa Insurance during your stay in Canada, you will be eligible for a partial refund on your insurance premium. Speak with your insurance broker for further details.
When you are staying in Canada, there is a chance that your domestic insurance company will not be recognized by medical care centers or hospitals here. Additionally, Canadian hospitals know how payment transactions work with reputable insurance companies. That’s why you should choose a Canadian insurance company for your Super Visa Insurance. Also, it is mandatory, and not doing so might lead to the rejection of your visa application.
In the situation your parent or grandparent is not visiting Canada, you will have the option to cancel this policy. In doing so, only the application processing fee will be deducted, and you will get a full refund on the balance amount.
The deductible is the amount you pay yourself for any required medical services before the insurance company. If you add a deductible option, that means you agree to cover some expenses yourself. This amount would be of your choosing.
Several medical conditions and treatments come under coverage with Super Visa Insurance. These are:
- Accidents
- Emergency room visits
- Surgery
- Hospital stays
- Nursing services
- Dental care
- Emergency room visits and more.
Key Benefits of Critical Illness Insurance Policies
The Importance of Medical Coverage: Why Parents’ Super Visa Insurance Is Essential
Comparing Critical Illness Insurance Plans: Tips for Making the Right Choice
