This could be the year of Visitor health insurance

The world is going a unique experience due to the coronavirus pandemic. It looks like things won’t be changing anytime soon. As major health organizations have predicted that the pandemic might be around for a couple of years until a vaccine is developed. It seems like this might be the situation as no universally accepted vaccine has been in latter stages yet. Plus, most countries have opened up their strict lockdown rules with social distancing measures.

How will it affect you?

So, if you’re a businessman, student, or anyone else planning to travel to Canada for a short trip. The new rules allow you to do so, but you might be putting yourself at risk. No one can guarantee that you won’t catch the virus while traveling in Canada. In case you catch a fever, it would be a nightmare as you won’t be allowed in any public place and taken to a hospital. Here, you would be under watch for a long time while the bills keep increasing. It doesn’t take big brains to figure out; the bill would put a hole in your pocket.

But the good news is that there is a way out for you. That is through Visitor health insurance! During your trip, if you suffer from any medical emergencies, health insurance would help you with the bill. In this way, you won’t be hurting your pocket while maintaining your health.

Things that will be covered in a visitor health insurance:
  • Physician services
  • Ambulance services
  • Hospitalization
  • Prescription drugs and more

Salient features of visitor health insurance:

You can also add your family members to the insurance to keep the whole family secure during the trip. Now, there are various different plans in visitor health insurance, such as accepting pre-medical conditions, accident coverage, covering side trips, and more. Hence, you could select all the features you want in your visitor health insurance according to your budget. Then buy it before you start your trip. This will save you a lot of time and effort.

The Year of Visitor health insurance

The world is on hold for a long time now, and people will move in and out of Canada. The only way to suffer a huge loss in this falling economy is by using Visitor Health Insurance on your trip. We believe insurance would be much more popular than ever.

Visitors to Canada Insurance | Allkind Insurance Inc

If you are planning to visit or apply for a Super Visa in Canada, then we are here to help you provide emergency medical needs while being in Canada. This is done to let you enjoy your trip to Canada without any disruptions. If any health emergency comes up, you can cover the expenses with our visitor Health insurance that is simple, affordable and easy to use so that you don’t end up paying in this emergency.

Our Plan details cover emergency medical care for the following expenses:

  • Physician services
  • Ambulance services
  • Hospitalization
  • Prescription drugs

Why choose Allkind Insurance?

  • We offer optional deductibles on the emergency medical care costs. We can also arrange direct payment to the hospital.
  • We one of the most recognized and branded insurance company in Brampton, Canada.
  • Our Visitors insurance meets all the requirements of Canada’s super visa.
  • Travel assistance available 24/7 for any emergency, anywhere you travel.

Your coverage of $50,000, $100,000 or $150,000 for emergency medical care, including:

  • Hospitalization fees for a semi-private room.
  • Professional fees for nurses and physicians obligatory for emergency medical treatment.
  • Upwards of $2,000 for emergency dental care treatment in case of an accident.
  • Emergency home return by air ambulance or commercial flight with a medical escort.
  • Upwards of $1,000 for accommodation and meals if your return visit is delayed due to a medical emergency.
  • Professional services by a physiotherapist or podiatrist when medically necessary and prescribed by the attending physician, up to a maximum of $300 per meeting.
  • In case of a trip break (Applicable only when the stay in Canada in minimum for one year), you can return to your home country and come back without terminating the insurance.

Coverage options are available for visitors whose age is 60 or less. And also for temporary visits to any other country except for your country of living. You have to purchase this plan before you land in the country; otherwise, the cost may differ.

What are the additional benefits of our Insurance plan?

We work on a 24/7 emergency were specially trained, professional assistance personnel is ready to assist you when you need their help. We also provide referrals where we referred you to the closest medical provider. Our team will monitor all the services that you receive in the time of an emergency. We also cover side trip near Canada during a side trip.

Questions to ask while buying a Super Visa Insurance

If you are overwhelmed by the process involved in getting a Super Visa. We are handing a helping hand in the most important aspect of the Super Visa, i.e., Insurance. Before we move further let’s recap what is Super Visa?

Super Visa is a special visa granted to parents and grandparents of Canadian citizens and permanent resident. These people can stay with their families in Canada for two consecutive years per visit. The government has made it necessary to buy insurance if you want to qualify for Super Visa. This is because this Visa is granted to people who are in the latter stages of their life and prone to diseases due to jet lag, changing the climate, etc. They need to be covered before they land in Canada.

A lot of questions might be moving inside your head, which insurance should you opt? Should I go for an expensive or cheap one? What should be the duration etc.? Don’t worry, we have you covered, and we will answer all these questions!

  • What is the total amount of coverage for a particular policy?

If they are visiting for a short trip (3-4 months), then we suggest you go for $50,000, otherwise, $100,000 is sufficed for a long visit.

  • Should I opt for the deductible?

Adding deductibles lower the price of your Super Visa Insurance but you have to pay in advance. We suggest not to exceed deductible over $1,000 as it involves significant risks.

  • Does the plan cover all the area in the country?

The answer is it may or may not. Hence, you need to ask beforehand if your area or foreign trip is covered in the insurance.

  • Is there any waiting period for approval?

In some situation, the company might subject you to a waiting period of 24 hours to 8 days. Hence, it is advised to apply for insurance coverage before arrival.

  • Will your pre-existing condition be covered?

Your pre-existing condition will only be covered if you had a stability period of a few months. Normally this period is six months but clarify it with the company.

  • What should I do in case of an emergency?

Once your insurance is approved, you will be given a number. In case of an emergency, you need to call this number, and they will assist with medical care providers and other matters.

LIFE INSURANCE – VITAL OR NOT?

Life insurance is a thing which every person must have, and there should be no ifs and buts when it comes to safeguarding your loved ones. Getting into a little more technical terms, let’s delve into the definition. Life insurance is an instrument; you can call it a financial instrument which helps to lessen the financial burden of your family if you are longer there.

Yes, it comes with the acceptance of harsh truth- death. However, avoiding the facts is never a situation. Those who love their loved ones truly never take risks. Today, I might be available to stand by my family in every need. What about the time when I will not be there for them? This is where my life insurance will be there to help.

Death is uncertain; it can happen to anybody at any time, absolutely unexpectedly. Life insurance is the way to protect and aid your family even after leaving them forever.

If you still want some concrete facts to get yourself insured, go through the below-mentioned points. In case you are having doubts, go and clear them:

Two reasons why must get life insurance:

Financial security for your dear ones

Those who are dependant on you will surely get a lump sum of regular income if you face sudden death. The concept is as if the person holding insurance dies during the period of the policy, then the specified amount is given to his/ her nominees.

Yes, it’s true that nothing in this world can relief the emotional loss. However, these policies can strengthen your family on the financial aspect. They can mitigate the liabilities and continue to run their lives with comfort.

If you don’t have any dependants or any kind of liabilities then also getting insured is worth it. The amount of your insurance can be assigned to an NGO or a charitable trust.

Just consider your current lifestyle, future needs, and liabilities while deciding an insurance cover.

Investment Component

Other than these plans, usually the insurance policies can highly boost up as protection plans and systematic savings. You can select from various protection, long-term retirement plans and wealth creation plans available for yourself.

There are some insurance policies which offers market-linked growth plans which are highly flexible, where you can just select the nature of fund to invest your money. Here, at allkindinsurance.com you will surely find every kind of insurance plan, from aggressive ones to conservative ones, you can go for any fund which meets your financial terms.

 

 

What is the Registered Retirement Savings Plan or RRSP all about?

It is a tax benefit plan approved by the government to help people save for their retired life. The funds that you contribute to your RRSP account actually gets deducted from your taxes, thereby reducing the total amount of tax you end up paying. You may later withdraw the money from this account which has been accumulated as an income to meet your retirement expenses by paying a nominal tax on every withdrawal.

RRSP
Retirement saving – RRSP

How can RRSP be beneficial?

It is a tax-deferral product which helps you to manage your retirement life at ease. It lets you postpone paying taxes on your income into the future which means that, at the retirement phase when your income is presumably lower you end up paying taxes at lower rates.

What is the value proposition?

Certainly, it is. RRSP is a mechanism where you can contribute money when you have a higher tax rate and then withdraw the funds when you have a fairly low tax rate. It performs as an income splitting system.

Can money be taken out of RRSP?

You can surely take out money from your RRSP account in terms of loan viz. Home Buyers Plan or Lifelong Learning Plan. However, you would be required to repay the amount over a specific period of time. As such, unless it is highly essential to treat your RRSP as complete retirement support and you will be rewarded.

How much should be contributed to an RRSP account?

RRSP contribution is 18% of the earned income reported on the taxes for the previous financial year or tax year

Types of RRSP

  • Individual RRSP – It consists of a single person who is the account holder as well as the contributor.
  • Spouse RRSP – It allows the higher earner called as Spousal Contributor to an RRSP in their spouse’s name
  • Group RRSP – It allows a group of employees to contribute to an RRSP account via deduction from their respective salary. Here the employees determine the size of contribution per year.
  • Pooled RRSP – It is mainly beneficial for self-employed professionals and employees & employers from small sized organizations.

Registered Retirement Savings Plan or RRSP is not an investment in itself, rather it is a special type of financial plan to help Canadian citizens save for their retirement. It saves your tax paid and can hold many different types of investments together. We take an effort to guide you through this entire process and help you build a happy and peaceful retired life.

ALL THAT YOU NEED TO KNOW ABOUT SUPER VISA INSURANCE – Allkind Insurance

All of us want to plan vacations abroad, especially those who have their relatives’ there. All of this involves a lot of planning and excitement, but fear always accompanies along. Hence, it becomes of utmost importance to plan the trip considering all the things. Super Visa Insurance helps to cover all of these factors. Be it missing baggage, misplaced passport or any kind of medical assistance that is needed throughout the journey, Super Visa Insurance provides it all. It is valid for a year from the date of entry to Canada and can be further extended on request.

EASE IN APPLICATION PROCESS

Long gone are the days when it took years to clear the visa process for a visit to Canada. The best part about this Super Visa Insurance is that it reduces the time of the application process. One can now keep their parents or grandparents for an extended stay of about two years which can further be extended if required. Rest assured, our entire team at Allkindinsurance.com will guide you throughout the application process and make it a hassle free one for you.

REDUCES ALL THE WORRY

If you are inviting your family to Canada, fear of health expenses always follows. Super Visa Insurance is known to cover all sort of medical expenses attached to it. Everything from hospitalization to healthcare is covered under this insurance scheme. Apart from this, all accidental and emergency expenses can also be claimed. All our professionals at Allkindinsurance.com assist you in choosing from the different types of policies available. This helps one to enjoy the trip to the fullest instead of worrying about the situations that may occur.

REASONABLE AND CONVENIENT

Super Visa Insurance provides so much more benefits than the cost covered. The best part that it serves is the fact that it also provides the coverage if you plan the visit to some other country during your stay in Canada and all of it really nominal prices.

Super Visa Insurance Services in Brampton by Allkindinsurance.com helps all your loved ones attain the feeling of relaxation while on their visit to Canada. Be it an extended stay in Brampton or claim for medical expenses that have been incurred, Super Visa Insurance is the best among all the available options.

Contact us at Allkindinsurance.com today and enjoy all the benefits that come along this super visa insurance. So what are you waiting for? Join us on your journey to Canada and leave the rest on us.