Disability insurance pays some or all of a worker’s salary if that worker becomes disabled and is unable to work at his or her job. This disability can come from accidents or injuries on the job, as well as from other debilitating illnesses such as cancer or a heart attack. Disability insurance can reimburse disabled workers for some of the income they lose while recovering from illnesses and injuries.

Term insurance, a type of life insurance, provides coverage for a certain period of time or years. If the insured dies over the policy tenure a death benefit (or sum assured) is paid out. No payout is made if the insured survives the tenure.

The requirement for obtaining super visa in Canada is Insurance. People applying for Super Visa must submit proof that they have purchased medical insurance from an Insurance company based in Canada. The Medical Insurance must be valid for minimum one year and offer a minimum of $100,000 in coverage for health care, repatriation and hospitalization.