Allianz 600 Visa Health Insurance Premium Decrease

I got an email from Allianz Global Assistance saying that they have decreased their premium on the 600 Visa Health Insurance (Couple - OVHC Budget Visitors) .

Prior to 1 May, the premium of my parents-in-law is $96.12 per fortnight. But beginning 1 May, the premium will be reduced to $86.50 per fortnight, giving us a saving of $9.62. Not bad!

Getting an Overseas Visitors Health Cover (OVHC)

We got our visitors (parents) their Overseas Visitors Health Cover (OVHC) today. Their travel insurance policy will about to expire already. They have subclass 600 visitor visa.

We have chosen Allianz Insurance OVHC. Allianz has 2 levels of cover namely:

1. Budget Visitors Cover and
2. Visitors Plus Cover



 The former is the basic one (which we availed) while the latter offers more like:
    

Out of hospital cover towards cost of:
General practitioner (MBS fee)
Pathology (MBS fee)
Radiology (MBS fee)
Specialist (fee)

        

Before we decided to choose Allianz, we also considered Australian Unity Health and IMAN.

Both are cheaper compared to Allianz. Australian Unity Health is cheaper by almost $10/mo while IMAN is cheaper by almost $50/mo.

We could have chosen IMAN, but when I called them, they informed me that they are no longer offering for visa subclass 600 because they are currently reviewing and modifying their cover. They told me that they launching date was unfortunately moved and they cannot confirm yet the next one.

The cover we availed is around $96/fortnightly. Please note that every year (April 1), all private health insurance in Australia increase their premiums by around 6-7%.

As our visitors sponsors, we just applied thru Allianz website using my credit card as the source of fund or payment. The following were also required during the process of registration/enrollment:

1. Passport details of the applicants/would-be member/policy holder of the insurance
2. Australian address where the insurance will be mailing thru post the membership card
3. Australian contact number

Filling up the registration/enrollment form was easily done in 10 minutes.

WorldRemit is offering 50% off money transfer fees

WorldRemit is offering 50% off money transfer fees until March 12th at midnight GMT.

Don’t forget to enter promo code MT3MA15 during the payment process on their app or website to redeem this offer.



I've been using WorldRemit for quite a few time already to send money from Australia to UK and the Philippines.
I have some relatives on both countries and there are some occasions that I need to send money to them.

Some things I like about WorldRemit are:

1. ZERO transaction fee for your 1st money transfer

Novated Lease vs Car Loan vs Cash Purchase

You could have been searching for a sample Novated Lease calculator or illustration that you can use to compare versus a typical car loan or a straight-forward cash purchase.

Below is a sample comparison.

Those ones in yellow, except for the 'annual salary' which you should be providing to leasing company, will be provided by the same leasing company. You can play around and replace the values as you please. Those ones in 'orange' can be changed as well on the Car Loan and Cash Purchase options.

sample comparison

For the car loan option, you can change the values for the 'Loan Capital/Car Purchase' and 'Interest Rate'. You should be able to provide this by asking a car dealer and/or bank where you will avail of the loan.

For the car purchase option, the 'Opportunity Loss Rate' can be optionally supplied. You can supply a value that may be equivalent to the ongoing bank interest rates or any investment tool interest rate that you think is applicable.

Here is the link of the spreadsheet:

Example Computation: Novated Lease vs Car Loan vs Cash Purchase

You can download and share this article and please don't forget to hit the like button as well.

Enjoy shopping for your new car!

The following excel sheet may also be useful to get a glimpse of  your payout schedule each month as well as the amount should you wish to early terminate your lease. Please note though that this is only for comparison. The formulas used in this file may be different from that of your novated leasing company.

Early Termination / Payout Schedule

Please help the blogger by leaving a comment, hitting like button and sharing this article. Thanks!

End Of Lease Options

Novated Car Leasing Myths

DISCLAIMER: 

The information in this website and the links provided are for general information only and should not be taken as constituting professional advice from the website owner

The calculators and tools on this website are provided for your information and to illustrate scenarios. The results should not be taken as a substitute for professional advice.

All reasonable care has been taken in preparing and designing the calculators and tools; however, ASIC provides no warranties and makes no representation that the information provided by the calculators and tools is appropriate for your particular circumstances or indicates you should follow a particular course of action.

 

BJJ Fees in Sydney

I tried to look out for some martial arts schools around our area here in Hornsby, NSW when my eldest son was involved in a bullying incident.  Just like any father and/or a parent, I do not want my son to be bullied.

screen grab from Gracie Barra website

With the popularity of Brazilian Jiujitsu, I enrolled my kid at Gracie Barra Hornsby for 4 weeks. I availed of the Groupon promotion which was valued at $19. After his 4-week classes, the normal fees for Gracie Barra Hornsby is at $70 fortnightly or $35 a week. A student can attend upto 3 classes/sessions in a week.