Best Insurance Policy for Foreign Students in Canada in 2023

If you are a foreign student studying in a different country, it is important to have insurance coverage for different situations or events which may occur. The best insurance policy for foreign students in Canada is health insurance. International students are required to have it. You can purchase a suitable insurance policy from your institution or from private providers. The specific requirements and options for student insurance may vary depending on the institution you are attending.


In Canada, health insurance is provided by the government and may be available to international students as well. These plans may be able to offer protection for things like emergency medical care, hospitalization, prescription medications, mental health services and any other related expenses. In some other countries, such as the United States, universities may require international students to have health insurance that meets certain criteria.

There are many insurance providers that offer student insurance for foreigners, so it’s important to carefully research on the various policies available to you and to compare them to find the best one for your needs.


Factors to consider when looking for student insurance for foreigners

  • Coverage: Look for a policy that provides adequate coverage for all the essential services you may need during your stay as a student. This includes coverage for medical expenses, hospitalization, outpatient services, mental health services, emergency services, and prescription medications.
  • Cost: Always consider the cost of the policy and whether it fits within your budget. You should look out for policies that provide good value for money and offer discounts for students.
  • Duration of coverage: Consider how long you will be studying abroad and always go for a policy that will provide coverage for the entire duration of your stay.
  • Network of healthcare providers: as a foreign student, you should look for policies that have a wide network of healthcare providers in the area where you will be studying. This will ensure that you have access to quality healthcare when you need it and will save you from making expenses out of your pocket.
  • Additional benefits: Look out for any additional benefits that the insurance policy may offer, such as coverage for pre-existing conditions, dental and vision care, and emergency medical evacuation.
  • Deductibles and copays: Understand the deductible and copay requirements of whatever policy you want to purchase. Deductibles are the amount you pay before the insurance kicks in, and copays are the amount you pay for each visit or service. Make sure you can afford the deductible and copay amounts.
  • Exclusions and limitations: Take note of the exclusions and limitations of the policy. Some policies may exclude coverage for certain activities, such as extreme sports or risky behavior.
  • Customer service: always look for a policy that has a good customer service and support system so that you can be able to easily reach out to the insurer if you have any questions or concerns.
  • Reputation of the insurer: Consider the reputation of the insurance company. Look for reviews and ratings from other customers especially foreign students who have used or are using the policy, to ensure you are dealing with a reputable and reliable insurer.
  • Legal requirements: Be sure to check if there are any legal requirements for student insurance for foreigners in your host country. You want to ensure that the insurance policy you choose meets these requirements.

Having student insurance for foreigners can provide peace of mind and ensure that you are protected in the event of a medical emergency or unexpected situation while studying abroad. There are several options available for foreign students schooling in Canada to consider depending on their individual circumstances and preferences.

Common insurance policies for foreign students in Canada

International Student Health insurance

One option for international students is the government-sponsored health insurance plan called the “International Student Health Insurance Plan” (ISHIP). This plan is offered by some provinces and territories and provides basic health coverage for international students. However, the coverage may vary depending on the province or territory, and students may need to purchase additional insurance to cover specific medical needs. Another option is to purchase private health insurance coverage from a Canadian insurance provider, which may provide additional coverage to cover medical expenses that are not covered by the ISHIP. Many insurance companies offer health insurance plans specifically designed for international students.

Student health insurance plans typically offer comprehensive coverage for medical expenses, including hospitalization, doctor visits, prescription drugs, and emergency care or emergency medical evacuation, and repatriation of remains. Some policies may additionally cover mental health and dental care.

Travel insurance

If you are planning to travel outside of Canada during your studies, you may want to consider purchasing travel insurance to cover medical emergencies, trip cancellations, trip interruption, lost or stolen baggage and other unexpected travel related events that may occur while you are on your trip. You can purchase travel insurance for a single trip or you can purchase for multiple trips over a particular period of time. Travel insurance is very essential and can be tailored to meet your specific needs or travel requirements.


Dental Insurance and Vision Insurance

Dental care can be very expensive in Canada, and as a foreign student, you may want to consider purchasing dental insurance to help cover the cost of routine check-ups, cleanings, and other dental procedures that you may require during the course of your study.

Vision Insurance – Routine eye exams, prescription glasses, and contact lenses can also be costly. A vision insurance policy can help students cover some of the expenses associated with maintaining good eye health.

Car insurance

If you plan to bring a car to Canada or purchase a car while you are schooling as a foreign student in Canada, you will need to purchase car insurance. Car insurance can be expensive, especially for young drivers, and it depends on a number of factors including the type of car you purchase, the insurance company you intend to use, the state or province you are located and some other factors. A car insurance policy is however very essential as it will protect you and your car in the event of an accident or any car related occurrences.

Life insurance and Disability Insurance

Life insurance is not usually considered a top priority for foreign students; some may want to consider purchasing a policy to provide financial support for their families in the event of their death. It is important to consider if they have dependents or loved ones who would suffer financially in the event of their unexpected death.

Disability insurance: If a student were to become disabled and unable to work, disability insurance can help provide financial support by providing a portion of their income until they’re able to return to work.

Renters Insurance and Home Insurance

Students who are renting an apartment, dormitory or living in residence may want to consider purchasing Renters/Tenant insurance. This can help cover the cost of replacing personal belongings in case of theft.

Alternatively, if you own a home or have a mortgage, home insurance can protect your property against damage or loss.

Critical Illness Insurance: This type of insurance can provide a lump sum payment if the insured is diagnosed with a critical illness, such as cancer, heart attack, or stroke.

Liability Insurance: Liability insurance can help protect a student in the event they’re sued for damages or injuries caused to another person or their property. It’s important to consider this type of insurance if the student plans to participate in activities that could potentially cause harm to others.

Tuition Insurance: This insurance helps students recover their tuition fees if they need to drop out of school due to unexpected circumstances such as illness or death.

Identity Theft Insurance: Identity theft insurance can help students recover from financial loss or damage caused by identity theft.         

Some insurance providers that offer insurance policies for international students include:

ISO Insurance


HCC Medical Insurance Services


IMG Global

It’s essential to research and compare different insurance options and policies to ensure that the coverage meets your needs and budget. You can consult with your school’s international student office or an insurance broker to help you find the best insurance policy for your situation.

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