The Federal Immigration Department has partially relaxed the regulations related to the ‘Super Visa’, which is being implemented as an alternative to the parent-sponsored immigration program.
Regarding health insurance subscription, which is a prerequisite for applying for a super visa, the Ministry of Immigration recently announced that it has changed the insurance premium to be paid in monthly installments.
Previously, when entering the country with a super visa, a yearly private medical insurance premium had to be paid in advance as a lump sum. The average premium is $1,500 per year for a 65-year-old.
However, according to the Korean insurance industry, insurance premiums go up if you have a chronic disease, such as diabetes or heart disease, or if you are older.
At the end of 2011, the Ministry of Immigration stopped inviting parents to immigrate and began implementing the Super Visa system. This visa allows you to live in Canada for up to 5 years.
However, to obtain a visa, parents must subscribe to private health insurance with a compensation amount of 100,000 dollars or more for at least one year.
According to data from the Immigration Department, 17,000 foreigners enter the country with a super visa every year.