So far the insurance policy will cover the following:
-Legal expenses for deportation procedures.
-Ticket to fly back to home country.
-Ticket for guarding agents (up to 2).
- Accommodations.
The policy is to be purchased directly from the insurance company. There are plans to have an insurance office at the Immigration Department in the future. In the meantime, applicants must purchase the policy directly at the insurance company?s offices.
This policy does not offer health coverage and the Immigration Department confirmed today that only the deportation policy will be required, although the law refers to an insurance policy that covers health and deportation expenses. The insurance company hinted that they will also offer health coverage for applicants, but this requirement is not confirmed yet.
The insurance policy will be required for all new applications and temporary residency renewals.
The insurance policy will replace the proof of solvency requirement in all temporary residency renewals.
Permanent residents will have to option of buying the insurance policy or proving solvency as they did under the previous process.
The renewal process under the investment program remains the same.
This information was confirmed by the Immigration Department today; however, since it is a new process it will be subject to adjustments.