Take Out Redundancy Insurance to Secure Your Future Today 3816762268780510832-blid-5213189488505362110

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Redundancy insurance, also known as redundancy cover or unemployment insurance, is a method by which the policyholder gets guaranteed regular financial support if he or she loses his source of income due to sudden and involuntary redundancy. Redundancy insurance ensures that until the policyholder manages to find an alternative source of employment, his financial needs are met. These covers are generally provided for a period of 12 months, that is, the policyholder will receive benefits for 12 months from the time he is unemployed.