If you have family members visiting from another country or know someone who does, there are changes to how payments can be made through a new Monthly Payment Plan option for Visitor to Canada insurance:
- Monthly Payment Plan Eligibility: Available for those buying coverage for at least 180 days. Requires a minimum policy limit of $50,000.
- Initial Payment: Pay a deposit of 2 months' premium by credit card. A 10% premium surcharge applies.
- Policy Activation: On the effective date, pay a third month's premium. This date is specified in your payment schedule.
- Recurring Payments: Monthly payments are automatically deducted from your credit card. Payments are made on the same date each month.
- Policy Start Date: If the policy begins on the 29th, 30th, or 31st, monthly premiums are billed on the 28th of each month.
- Changes or Cancellations: Contact your agent/broker before the effective date to: Change the start date. Request a refund if cancelling.
- Early Full Payment: You can pay the outstanding premium for the entire coverage period anytime.
President, MacLellan & Moffatt Health Insurance Ltd, and NS Rep for the CBIA & Lawyers Financial
6 个月The monthly payment feature has been a great addition. There are so many other costs involved with bringing family members to Canada that it’s nice to have this option as opposed to the lump sum premium.