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Super Visa Insurance

Citizenship and Immigration authority of Canada has declared that Parents and grandparents will be eligible to apply for “super visa". Canadian government introduced the “Parent and Grandparent Super Visa,” a new type of temporary resident visa which will be valid for up to ten years. The Super Visa allows 'visitors' to reside in Canada for up to two years, without the need to renew their visa. To avail Super Visa you need to have insurance from a Canadian Insurance company This Super Visa has brought a great opportunity for those who aspire to reunite with their parents or grandparents. Here to get a Super Visa, the applicants have to meet the minimum income requirement and should undertake the responsibility of purchasing private Canadian health insurance during their stay in Canada.

This Super Visa plan lowers the fees required for the application, making it a simple process to come to Canada on short notice - and allows permanent resident visa applicants now waiting for processing to come to Canada after only a short super visa application process. It is must that Applicants have to obtain private Canadian health insurance during their stay. One should choose a policy that will give them sufficient coverage. A basic plan should cover each parent up to $100,000 CAD and should include benefits such as ambulance expenses, laboratory tests, doctor bills and public hospital rooms. Applicants must submit proof "that you are holding a private medical insurance which is valid for a minimum of one year from a Canadian insurance company The applicant who has taken up medical insurance should covers health care, hospitalization and repatriation provide a minimum coverage of $100,000 CAD and is valid for each entry to Canada and available for review by a port of entry officer.

What Is Life Insurance ?

A life insurance policy is a contract with an insurance company. In exchange for premiums (payments), the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries in the event of the insured's death.

Typically, life insurance is chosen based on the needs and goals of the owner. Term life insurance generally provides protection for a set period of time, while permanent insurance, such as whole and universal life, provides lifetime coverage. It's important to note that death benefits from all types of life insurance are generally income tax-free.1 There are many varieties of life insurance. Some of the more common types are discussed below.

What Is Travel Insurance?

Protect yourself from the unexpected.

Life has a way of interrupting our best laid travel plans. When it does, you want to know you are covered. The cost of just one medical emergency while travelling can be financially devastating. Not to mention trip cancellations and delays that can put a strain on your wallet.

Buying travel insurance is the best way to safeguard your finances when something unexpected happens during your travels.

COVERAGE TYPES WITH Travel Insurance

Medical emergency

Cancellation, curtailment and trip interruption

This section covers any unused travel and or accommodation costs, pre-paid charges (including any additional travel expenses incurred, provided they are deemed reasonable and necessary) if a trip is
     cancelled or cut short under a variety of circumstances, which may include any of the following, depending on the policy: death, bodily injury, illness, disease, or pregnancy complications

compulsory quarantine

jury service

being called as a witness

termination of employment (provided you did not know about it before you booked the holiday)

being called up if you are a member of the armed forces or other public defines or safety organization

prohibition of travel by the government to the intended destination

officially recommended evacuation from the intended destination

official advisory against going to or remaining at the intended destination

What Is Disability Insurance ?

Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work.

Individual Disability Insurance

Those whose employers do not provide benefits, and self-employed individuals who desire disability coverage, may purchase policies. Premiums and available benefits for individual coverage vary considerably between companies, occupations, states and countries. In general, premiums are higher for policies that provide more monthly benefits, offer benefits for longer periods of time, and start payments of benefits more quickly following a disability claim. Premiums also tend to be higher for policies that define disability in broader terms, meaning the policy would pay benefits in a wider variety of circumstances. Web-based disability insurance calculators assist in determining the disability insurance needed.

High- Limit Disability Insurance

High-limit disability insurance is designed to keep individual disability benefits at 65% of income regardless of income level. Coverage is typically issued supplemental to standard coverage. With high-limit disability insurance, benefits can be anywhere from an additional $2,000 to $100,000 per month. Single policy issue and participation (individual or group long-term disability) coverage has gone up to $30,000 with some hospitals.

Business Overhead Expense Disability Insurance

Business Overhead Expense (BOE) coverage reimburses a business for overhead expenses should the owner experience a disability. Eligible benefits include: rent or mortgage payments, utilities, leasing costs, laundry/maintenance, accounting/billing and collection service fees, business insurance premiums, employee salaries, employee benefits, property tax, and other regular monthly expenses.

Employer-supplied disability insurance

One of the most common reasons for disability is on-the-job injury, which explains why the second largest form of disability insurance is that provided by employers to cover their employees. There are several subtypes that may or may not be separate parts of the benefits package: workers' compensation and more general disability insurance policies.