Australian migrants on a temporary Australian visa can now get life cover while abroad thanks to AXA Insurance. With AXA Insurance recently upgrading its services, migrants holding a subclass 457 visa can get a two-year income protection policy.
With over 83,000 skilled temporary visa holders in Australia, AXA Insurance’s move would enable the firm to crack into an untapped market. A market, which as far as trends are showing is constantly increasing over time.
This is the first policy of this kind of cover available to these migrants holding temporary Australian visas, which means each application would have to be considered individually. Another bonus with this policy is that if migrants were to take up permanent residency in Australia the cover could continue.
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