Updated October 21, 2026 · By Pankaj Bhatia
What changes the premium?
- Age of each parent; most insurers use date-of-birth bands.
- Policy limit: $100,000, $150,000, $200,000 or more.
- Deductible: choosing a larger deductible generally reduces premiums but increases potential out-of-pocket costs.
- Medical questionnaire and pre-existing-condition protection.
- Insurer underwriting rules, coverage term and effective date.
- Payment choice—one-time payment versus an eligible instalment arrangement.
Example comparisons without invented prices
A 62-year-old parent with no declared medical conditions may see different options from a 78-year-old parent with diabetes or heart medication. Even for the same parent, two insurers can differ in coverage definitions, deductibles and pricing. This is why the calculator retrieves live quotes rather than publishing sample premiums as if guaranteed.
How to save without leaving dangerous gaps
Compare deductibles cautiously, review the relevant stability-period definition, and do not omit medical history to get a cheaper quote. Compare the policy benefits side-by-side—not only the final amount.
What if the visa is refused?
Some policies have visa-refusal cancellation provisions, but evidence, administration fees, start-date rules and claim history can affect refunds. Read the insurer’s contract before relying on a refund.