New Delhi, April 30 -- What is a job loss insurance cover?
Job loss insurance is not available separately. You can usually take it with a home loan or with a critical illness or personal accident cover.
This is a kind of add on cover that is taken with other insurance.
If you take this facility with a home loan, then with the help of this insurance in India, your EMI of three months is repaid.
This facility works as an income option on the way to the job.
No insurance company offers a separate standalone job loss insurance cover.
Due to increasing job instability, mergers or sales between companies, cost-cutting plans or any illness, surgery, one can lose their jobs and be unable to meet their financial liability. Job loss insurance...