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The main purpose of Unemployment insurance is to provide monthly entitlement to a person who loses his job by way of retrenchment unilaterally declared by the management of the company, till further reinstatement in employment.

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Wiki User

11y ago
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Wiki User

8y ago

Unemployment insurance is a benefit used to help people temporarily while they actively seek other employment. UI is not enough to be used as a sole income and will most likely be temporary anyway. The employer pays into UI on your behalf in some corporations.

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Anonymous

Lvl 1
3y ago

ys cash benefits to qualifying workers who have lost their jobs.

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Q: What is the benefit of the unemployment insurance program?
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