How much insurance is required to apply for an Australian visa?

The amount of insurance required to apply for an Australian visa depends on the length of your stay in Australia. According to local policies, if you stay in Australia for 3 months or less, you need to provide a minimum medical expense reimbursement insurance coverage of RMB 500,000. If you stay in Australia for more than 3 months, you must present an insurance policy with a total insured amount equivalent to AUD 1 million (approximately RMB 5 million based on the current exchange rate) or more.

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