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Redundancy insurance is protection in case of becoming redundant, or getting laid off from, work. It pays a portion of your income, usually 75 percent, for a determined amount of time.

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What does the term redundancy insurance refer to?

Redundancy insurance is known as accident, sickness, unemployment insurance. Redundancy insurance is designed to pay you monthly benefits if you lose your income from accidental and sickness.


What is the purpose of redundancy?

Redundancy insurance is protection in case of becoming redundant, or getting laid off from, work. It pays a portion of your income, usually 75 percent, for a determined amount of time.


What does redundancy insurance cover?

Redundancy insurance is also known as unemployment, accident and sickness insurance. Redundancy insurance protects one from defaulting on a mortgage payment or other financial obligation in case one loses their job.


What is redundancy insurance?

"Redundancy insurance is basically a policy that pays out if you lose your means of employment. It is another name for unemployment insurance. However there are limits, rules, and loopholes that are involved with it."


What are the benefits of redundancy?

Redundancy insurance cover is an income protection policy that pays you monthly benefits if you are to become involuntarily unemployed. Redundancy cover is suitable for anyone between the ages of 18 and 64.


What are the benefits of redundancy cover?

Redundancy insurance cover is an income protection policy that pays you monthly benefits if you are to become involuntarily unemployed. Redundancy cover is suitable for anyone between the ages of 18 and 64.


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