Insurance Service

The government of Canada introduced Super Visas in 2011 to deal with a backlog of applications from visitors who wanted to extend their stay in the country. The Super Visa can be used for up to ten years by qualifying grandparents and parents of Canadian residents and citizens. Unlike an ordinary visitor's visa, which only permits a six-month stay in Canada, the Super Visa provides for stays of up to two years with the opportunity to apply for an extension. Parents and grandparents of Canadian citizens and permanent residents must obtain legitimate super visa insuranc e before applying for the visa to be eligible. It assists with medical bills, the cost of prescribed medications, hospitalization, and deportation fees. Major requirements for this Super Visa Insurance policy - The applicants must have medical insurance from a Canadian insurance company before their arrival. Medical examinations by licensed physicians in Canada are also required for all applicants. A minimum of $100...

How would you pay for your expenses if you became disabled and were unable to work? A disability insurance policy in Canada can assist you, and it's likely more affordable and easier to obtain than you may think. Personal Accident Disability Insurance provides you with added security and protection – at home, work, or play, 24 hours a day, worldwide. Your coverage includes the following in the event of an accident-related injury: When an accident causes permanent loss of sight, hearing, speech, or limbs, you will receive immediate insurance coverage for the duration of the benefit period. Benefits can be paid out every month, and you can choose between total and partial disability, as well as the length of time you'll receive benefits. In addition to the monthly accident benefit, you will also receive $100 per day for hospitalization related to an accident for up to one year. You will get up to $100 in ambulance benefits per accident. You will be entitled to an additional death...

The Super Visa Insurance Program has grown in popularity over the years, especially among Canadian citizens and permanent residents who bring their families to visit. The objective of this initiative is to bring parents and grandparents back together with their children and families who live outside of Canada. A parent or grandparent must meet one set of the Super Visa Insurance policy's standards, while the other set must be met by you. Now, let's take a look at the requirements that your parents or grandparents will need to fulfill to be eligible for this insurance policy: To enter the country, your parents and grandparents must explain why they're there and how long they intend to stay. They have to officially declare their intention to leave the country permanently. Medical examinations will be required of all visitors. If they want to get a super visa in Canada , they'll need to have $100,000 in medical insurance from one of the country's best insurance compa...

Immigration to a new country can be exciting as well as challenging. As you are going to start living in a new place, you can always be ready for any emergency. One of the biggest nightmares for newcomers in Canada is medical emergencies. If you are not well-prepared, it can lead you to a traumatic situation and all your savings can be spent within a blink. Now if you are wondering how you can handle such situations smartly, contact an insurance provider and get a newcomers insurance plan for Canadian immigration. Importance of Newcomers Insurance in Canada: Newcomers Insurance can make your life worry-free while living in Canada. Canada doesn't offer medical facilities for visitors or people who are temporarily living there. If you are not a resident, you can’t get the benefits of the Canadian health system and it can be costly to get treatment for serious conditions. So, if you are planning to immigrate as a visitor, buy a health insurance plan for newcomers in Canada. With the ...

A life insurance annuity plan is a financial instrument that, following a lump-sum investment, offers you an assured recurring income for the rest of your life. You may think of it as a payment paid to you instead of a pension. You have the freedom to choose whether you want your payments paid monthly, quarterly, half-yearly, or annually. Types :  In Canada, there are mainly two types of life insurance annuity plans that are available: Deferred Annuity Plan : Your income from a deferred annuity plan begins when you specify. You can secure higher interest rates when you buy the annuity, which means you'll have more money in your retirement years. If you have 5–10 years till you retire, this is a pragmatic investment. Immediate Annuity Plan : Your income in an immediate annuity plan begins immediately after you invest in one. After investing in the plan, you can receive the annuity as soon as one month later. Benefits :  The following are the benefits of a life insurance annui...

Life insurance is a financial protection plan for events involving human life, such as death, disability, accident, retirement, and so on. A life insurance policy in Canada always ensures financial security for your family. Life insurance is valuable for several reasons, including: It protects your family and enables them to live a dignified and comfortable life while you are away. It helps you cover medical bills with add-on coverage. It makes it easier for you to save money for your retirement. Even after retirement, it provides a consistent source of income. If you are living in Canada, then you should obtain a life insurance policy from a reputed life insurance association or company because of the following reasons- Life insurance policies from a reputed insurance association or company in Canada, payout a set sum of money if the life insured dies or becomes handicapped due to an accident during the policy's term. By adhering to high ethical service standards, these life in...

Choosing an ideal life insurance plan is probably the main monetary choice you can make for yourself and your family, and it is necessary to protect your loved ones when you leave them behind you. There are numerous things to consider when buying life insurance plans with a renowned insurance agency. Do life insurance Canada compare importantly, and you should also look at some vital points. Choose how long you need the coverage - Extra security is intended to either last a specific time frame called term life. If you need protection for a particular time frame, then, at that point, think about the term. If you need an insurance plan for life long, consider extended coverage. That means you can choose the policies according to your requirements. Go through different targets - Some permanent policies can be utilized as investment funds. These policies are lifelong and give you good returns over the long haul. Some policies also offer death benefits, where the whole sum is paid after d...