07 July 2008

Temporary visa holders can get specialist life insurance

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People on a temporary Australian visa can now get life cover while abroad from one insurance firm. AXA Insurance has upgraded its services to included cover for people on the Australian visa (subclass 457), whereby the visa holders can get a two-year income protection policy.

Stephen Rosengren said he hoped the move would enable the firm to crack into an untapped market. "There are now more than 83,000 skilled temporary visa holders in Australia and the intake keeps growing every year, which is a reflection of global migration trends," he said.

Mr Rosengreen added that this is the first of this kind of cover available to these Australian visa holders, meaning each application would have to be considered individually. He added that the insurance would have a long-term view, meaning people could continue to have it if they choose to take up permanent residency in the country. People on a temporary Australian visa have recently been promised better working conditions from the Rudd Government.

Australia needs skilled workers: Anyone applying for an Australian visa should begin by completing the Australian Visa Bureau's online Australian visa application to see if they meet the Australian visa requirements.

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