New Zealand located in the South Pacific is a great place to settle. Here is a high standard of living standard and is considered to be one of the cleanest countries in the world. Therefore, in recent years, New Zealand has become a very popular destination for overseas people to work, learn, and move life. So, what benefits have New Zealand’s permanent residents in New Zealand? What is the insurance that immigration New Zealand needs to buy?

New Zealand’s permanent residents have many benefits in New Zealand:

1. you can enjoy the medical facilities at subsidized prices. Medical insurance is one of the most basic services provided by any country to its citizens and residents or free or offers very low prices.

2. your children are eligible to receive free education in public schools and universities.

3. After a year in New Zealand, in accordance with New Zealand’s laws and order, people have the right to vote in the elections and recognize. You will be protected from all crimes, and the government will ensure your safety.

4. you can work or learn freely in China.

5. The welfare and salary of the blue-collar and white-collar workers are very good enough to provide you with high-quality life standards.

6. other social security benefits

If you intend to work, study or live, you may need to get insurance to protect yourself from accidents.

1. Tourism insurance

When you vacation overseas or short-term overseas, you can buy travel insurance. It is important to remember to buy travel insurance before you leave home because if you have left this country, you are less likely to get insurance. Dangerous activities, such as adventure travel or extreme sports, are not always included, so consulting the insurance company is necessary when purchasing insurance.

2. Health insurance

New Zealand’s public health system is subsidized by the government, but if it involves private medical service providers, it may charge part of the service. If you are a New Zealand citizen, resident or work visa for two years or more, you are eligible for medical subsidies. If you meet these criteria, then your child is 17-year-old or less, qualified to obtain public-funded health care.

To purchase private health insurance in New Zealand, you must have qualifications to use our public health system. If you are not qualified, make sure you have comprehensive travel insurance before you leave home.

If your working visa is less than two years, you will need to pay medical expenses. There are also some exceptions to these rules, so please see all the details on the Ministry of Health qualification page.

3. Housing insurance

Housing insurance is only necessary when you have your own property. In New Zealand, housing insurance is usually calculated according to the “insurance amount”. This means that if your house needs to be rebuilt, the insurance company will only pay the highest amount you specified during the insurance.

This means that if the worst situation occurs, you need to know how much cost is required to replace the housing.

If you are buying an apartment, the insurance of the building usually includes an annual legal group cost. However, make sure you check the details before purchasing. You will need to provide your own content insurance.

4. Family property insurance

Whether you rent a single room or a whole house, the landlord has a responsibility for the house. Rentals have a responsibility to ensure it for their property. Insurance includes home property, furniture, clothes, electrical appliances, carpets and curtains. Most policies have claim restrictions and may have different restrictions.

5. Natural disaster insurance – EQCOVER

EQCOVER provides natural disaster insurance for residential, land and property. If you have family or property insurance including fire insurance, you will automatically get insurance. Insurance can protect you from earthquakes, natural landscaping, volcanic eruption, water fever or tsunami, or damage. In addition, the loss and fire caused by storms and floods also have a limited insurance range.

If EqCover cannot bear a major natural disaster, the New Zealand government will pay the difference.

6. Car insurance

Auto insurance is not mandatory in New Zealand. However, “Third Party Insurance” is a recommended minimum standard, which ensures that you don’t have to pay the damage fee of others’ vehicles.

There are three types of motor vehicle policies:

Third-party property losses: This will protect you from damage to your vehicle or property, which is the cheapest car insurance.

Third parties, fires and theft: This includes fire and theft damage to your vehicle and third-party property.

Comprehensive insurance: Provide accidental losses or damage to your motor vehicle. It also includes any damage to other’s vehicles or property, whether your fault or other person’s losses and other fees, such as rescuing your car from the scene of the accident and dragging it to the repairman. In addition to standard policies, companies also offer a wide range of options and benefits. In general, the wider the insurance range, the higher the insurance expense.

7. Income insurance

Revenue insurance allows you to protect certain proportions in sick and unwork. The insurance company pays up to 75% of “pre-disabled income” per month until you return to work, or your payment period ends. Remember three important things:

Your claim payment is based on your “pre-disability income”. This usually means that you have been in the past three years of income for 12 consecutive months.

Your claim amount cannot exceed your insurance amount. Even if you increase in income during disability, you can only get your insurance amount.

The claim payment you received is taxed by the Taxation Bureau (your premium can be tax-free).

It is important to regularly check your insurance amount, and increase or reduce the amount of insurance according to your income.

8. Life insurance

If you are a New Zealand resident, you can buy life insurance. If the insured person dies or is insulting (that is, they can only live for 12 months or a shorter time), the insurance company will pay the money at one time to the insured. Any death is included in the first 13 months of the policy to exclude suicide. If the applicant is seriously concealed in the application form, the application can be rejected.

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