Migration Cover provides insurance for skilled migrants to, or remaining in, Australia or New Zealand as numbers reach record highs
Migration Cover aims to reduce the anxiety of immigrating by covering the policyholder’s repatriation, employment advocacy and travel needs, subject to the conditions of the policy.
Migration Cover offers four levels of cover; Platinum, Gold, Silver and Basic, starting at around £460 (exclusive of taxes, fees and charges) for a single policyholder and £760 (exclusive of taxes, fees and charges) for a family policy. There is no limit on the number of dependent children, either up to the age of 21 or 25 if they are studying full-time, which can be covered under a family policy. The prices shown are for 18-30 year old primary applicants.
Recent immigrants, who have relocated within the last two years, and who hold a valid skilled visa in their new country, may also purchase this cover.
Statistics released by the Australian and New Zealand governments show that both countries will continue to need skilled people who can contribute to society in a positive way.
The Australian government’s 2015 Budget confirmed the country will have 190,000 places and maintain the composition of 128,550 Skilled Stream places, 57,400 Family Stream places and 565 Special Eligibility Stream places.
The New Zealand Government’s Migration Trends Key Indicators December 2014 shows a 6% increase in the number of approvals in the Skilled Migrant Category (SMC) between July and December. The total number of people approved in the SMC category during this period was 8,716. There was also a 9% increase in the number of Essential Skills workers during the same period. Between July and December 2014, 19,668 people were approved for residence, up 5% from the 18,707 approved between July and December 2013.
New Zealand showed a record net gain of 59,600 migrants in July 2015. The annual gain in migrants has been setting new records for the last 12 months. The increased net gain of migrants in the July 2015 year was driven by both more arrivals and fewer departures. Migrant arrivals (117,100) continued to reach a new high, up 14 per cent from July 2014. Migrant departures numbered 57,500, down 6 per cent.