Family insurance: Do parents need to purchase travel insurance for visiting relatives?

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We immigrated to Canada, invited parents to visit relatives to enjoy the joy of family life, or let parents come here to help bring children, this is normal in Chinese immigrant families. However, visiting relatives is unable to enjoy the medical insurance plans of the provincial governments of Canada, which faces the problem of how to solve medical expenses in the event of illness or accident. Facing the expensive medical expenses in Canada, it should be our natural choice to purchase travel insurance for visiting relatives in Canada .

However, some friends think that their parents are in good health and will not get sick; some of them will consider buying medical insurance for their parents because they are worried about accidents before going on a trip; others may decide to purchase insurance according to the possibility of their parents getting sick in different seasons. The size of the quota and the length of time.

Family insurance: Do parents need to purchase travel insurance for visiting relatives?

However, things are impermanent and fate fools people. Too many examples let us see our helplessness. Who would want to get Liu Shuqin in his 30s and her husband to travel to Toronto at the end of 2011, without any symptoms, the heart suddenly stopped in his sleep and became a vegetative. A friend ’s father was hospitalized twice in two months, once because of a stroke and another time because of a cholecystitis attack (unfortunately, the friend bought medical insurance for his father). There is also a friend who bought medical insurance for their parents in the first two visits. Since the parents came to Canada for the second time, everything went well. When the parents came to visit relatives again, they thought that it was not very useful to buy medical insurance and decided not to buy it. However, This time, the old father was hospitalized for a week because of high fever.

According to statistics, there is a certain probability that people will get sick or accidents, but we do not know when and where they will happen. This is the basis for insurance companies to perform actuarial calculations. So, what should we do if such an accident and illness occur? There are two ways: one is to take the risk yourself; the other is to transfer the risk away. The first method requires us to have sufficient financial resources and cash flow to ensure that we take risks without affecting our normal lives. The second method is to transfer the risk to the insurance company with little money.

For minor illnesses, seeing a family doctor and doing related examinations and treatments can cost hundreds or thousands, which is basically affordable for most of our Chinese families. However, in acute and severe cases, the emergency hospitalization of parents may be a big burden for many families. The cost of hospitalization in the general wards of Canadian hospitals is about CAD 3,000 per day, which does not include the cost of treatment and rescue; if rescued in the intensive care unit (ICU), the daily cost may be tens of thousands of CAD. So, how can we solve the problem that a family cannot pay such a huge fee in a short period of time without insurance? The only way is to pay the hospital in installments like a housing mortgage loan, which will undoubtedly put a heavy financial burden on the family.

In fact, travel insurance should be affordable for most people. For young people under the age of 25, travel insurance can be purchased for more than one yuan a day. For older people, the premium increases with the increase of the insurance amount and age (home query: premiums of different ages of the insurance amount ), mainly because the probability of accidents and morbidity also increases with age , Insurance companies are calculated according to the “principle of large numbers”. Canada Travel Insurance Online is a professional website for travel insurance, which is trusted by customers.

Customers are located in Toronto, Vancouver, Calgary, Edmonton, Winnipeg, Saskatoon, Regina, Ottawa, Waterloo, London, Hamilton, Windsor, Kingston, Guelph / Guelph, Victoria, Nanaimo, Halifax, Montreal, Quebec and Quebec City, Prince Edward Island and other parts of Canada.

We cannot predict the risk, but we must be aware of the risk prevention; we cannot know when the risk is coming and how big it is, but we can prevent it to minimize the harm caused by future uncertainty to us. It is undesirable to have a fluke mentality, to guard against risks, and to make parents feel at home as if they were visiting the country of Maple Leaf. 

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Family insurance: Do parents need to purchase travel insurance for visiting relatives?
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