Druid Posted June 4, 2012 Report Share Posted June 4, 2012 Has any one sorted Life Insurance out while here on a 457, I have been getting some quotes and it says Australian Permanent residents only, but in the UK I am only covered for a short period abroad when working/living away from home, also I dont want to finance a UK policy from Aus, any suggestions greatly appreciated Quote Link to comment Share on other sites More sharing options...
Atchy Posted June 4, 2012 Report Share Posted June 4, 2012 Hi i am going on a 457 and set mine up with bupa oz from here in the UK. They seemed to be the cheapest and it states suitable for this type of visa. Hope this helps. Quote Link to comment Share on other sites More sharing options...
Druid Posted June 4, 2012 Author Report Share Posted June 4, 2012 Hi i am going on a 457 and set mine up with bupa oz from here in the UK. They seemed to be the cheapest and it states suitable for this type of visa. Hope this helps. Thanks Atchy, I will look them up, I suppose if you declare your intentions from day 1 there should not be a problem, I have applied for PR so I think in the long run I will be ok, I dont trust insurance companies, any excuse not to pay out Quote Link to comment Share on other sites More sharing options...
The Rooney's Posted June 4, 2012 Report Share Posted June 4, 2012 IMAN is another one as well as BUPA. i THINK THERY'RE quite cheap too Quote Link to comment Share on other sites More sharing options...
elfie Posted June 4, 2012 Report Share Posted June 4, 2012 I contacted our present life insurance companys who were happy to let us continue as we were not permenant residents in Australia, Aviva and Legal and General . Quote Link to comment Share on other sites More sharing options...
piccolo Posted June 5, 2012 Report Share Posted June 5, 2012 We got a policy with IMAN before we arrived. It's $160 a month for me, OH and our toddler. Quote Link to comment Share on other sites More sharing options...
Guest sumitseoleaderindia Posted July 30, 2012 Report Share Posted July 30, 2012 Most life insurance companies proffer two types of insurance policies Group Insurance Premium- Most employers provide group term insurance policy because you’ll get protection as a large group. Usually the amount is deducted from a paycheck, and all you need to do is to complete the questionnaire. Here are some advantages of group life insurance It is easy and convenient No medical examination required Automatic payments from your paycheck Individual Insurance Policy- An individual insurance policy provides exclusive coverage for your health and well being. In order to attain individual insurance policy, you have to undergo a medical examination, and give insurance company permission to have a sneak peek on your medical records. Here are few advantages of individual life insurance policy It is mobile coverage and it won’t end once you leave the job It has a level premium like for 10-20 years or 20-30 years, etc. It is a flexible option as compared to group insurance policy because you can convert this policy into whole life insurance policy, according to your whims and wishes. Thus, before selecting any policy, you need to compare life insurance policies. Cheap life insurance is not the best option; you might have to look into different options. Quote Link to comment Share on other sites More sharing options...
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