Sentences with phrase «redundancy insurance»

Whilst the name suggests, unemployment protection insurance — also called redundancy insurance — could provide cover should you discover yourself away from work if you are paying out a monthly sum for a predetermined period.

Redundancy Insurance, also called Unemployment Insurance or Redundancy Cover, is the insurance which guarantees a replacement of some of the income the policy holder loses due to involuntary redundancy.

There are two types of Redundancy Insurance helping you to meet your financial commitments: Salary Protection Insurance and Mortgage Protection Insurance, protecting either your salary or mortgage repayments, correspondingly.

Redundancy Insurance can provide you with the peace of mind and a valuable safety - net if you lose your job.

It is essential to be aware of the date when you would start to receive Redundancy Insurance benefits if you had to make a claim.

However, it is vital to carefully evaluate the policy terms and be aware of all the Redundancy Insurance pitfalls.

Surely, insurance companies do not accept all Redundancy Insurance claims they receive and use a number of tricks and loopholes to help keep their profits high:

All Redundancy Insurance policy payments are tax free.

Redundancy insurance can provide short - term financial assistance if you lose your job.

To be eligible for redundancy insurance, you need to meet the insurer's definition of «involuntary unemployment» which can mean for example, if you are:

Not exact matches

«In this wise, all the retrenchments and redundancies done in the last four months and all proposed ones should be put on hold pending the outcome of the proposed stakeholders» summit for the banking, insurance and financial institutions» employers and employees, slated for July 2.»

Mortgage payment protection insurance will make those mortgage payments in the case of redundancy.

Whether it's statutory (see above) or contractual redundancy pay, the first # 30,000 you receive is tax - free, and no national insurance contributions are deducted either.

For example, if you had a separate income protection policy or your employer provided an illness and redundancy package, and you informed the salesperson you had this cover, but they insisted you also had to take their insurance; or you weren't asked if you had any alternative cover, go to how to reclaim.

But this is just to meet current needs with no redundancy built into the system or insurance vs cloudy days and we still have not added in the energy required to run the electric car!

On March 28, 2014, the Crown Employees» Grievance Settlement Board (the «GSB») held that the Workplace Safety and Insurance Board («WSIB») violated its collective agreement with the Canadian Union of Public Employees, Local 1750 when it re-organized the workforce without giving appropriate notice to the Union of its intended organizational changes, or advance notice of specific redundancies.

Hill Dickinson has placed 30 insurance law jobs at risk of redundancy as part of an «operational restructure» at the firm.

The Government has also removed with effect from 31 January 2017 fees in three specified types of proceedings where employees, usually of insolvent employers, seek payments out of the National Insurance Fund including redundancy payments.

Insurance firm BLM has put a number of its Manchester lawyers and partners at risk of redundancy as it looks to cut its fraud team in the city.

They won't, however, cover any repayments if you are unable to work due to disability, sickness, redundancy, or whatever the case may be (find out Why You Need Disability Insurance).

Many people consider this area of a car insurance policy redundant, and it is in a sense; but this is programmed redundancy designed to protect you from having to deal with expensive medical costs when injury accidents occur.

I have probably been the epitome of redundancy with my non stop rant about the impact of using the wrong life insurance agent almost always leading to the wrong life insurance company which will almost always lead to the wrong result.