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"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."

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13y ago

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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 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 the purpose of insurance 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 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.


Would redundancy insurance be good for a young family?

"Redundancy insurance would not be good for a young family as they are better able to find employment and work for their earnings as to that of elder families. This insurance covers payments for loans, credit cards or mortgages when you�۪re unable to do so as a result of accident, sickness or unemployment."


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 are three types of redundancy checks used in data communications?

coding redundancy interpixel redundancy psycovisual redundancy


What are the four types of redundancy in linguistics?

The four types of redundancy in linguistics are syntactic redundancy, lexical redundancy, morphological redundancy, and phonological redundancy. These redundancies help convey meaning, aid in communication, and ensure clarity in language use.


When was The Redundancy of Courage created?

The Redundancy of Courage was created in 1991.


What is the plural of redundancy?

the plural of redundancy is redundancies. As in "during the recession there were a lot of redundancies".


Why would one purchase credit card protection?

Credit card protection is a form of insurance which an individual can take out with an insurance company. If the individual becomes unable to pay off their credit card debt due to illness or redundancy for example, the insurance will cover the debt.