Income Protection Insurance UK

Redundancy insurance protects you and your family against the possibility of redundancy and he loss of income that will follow. Outside of a recession it is generally quite common for anyone that is made redundant to get a redundancy payment that is above the statutory minimum. However, in time of recession many business are fighting for their survival and there is usually not enough money to make anything more than minumum payments based on the statutory requirements. Statutory redundancy is very low with employees revieving just one week pay for each year worked up to a maximum of 6 weeks pay. This level of payout is not going to protect your lifestyle for long. Redundancy can have a severe impact on your lifestyle and will often mean that bills cannot be met if you do not find a replacement job very fast. The average time taken to regain employment has increased considerably with the current recession.

Redundancy Insurance Cover

If you are looking to protect yourself against the risk of redundancy then our redundancy insurance cover will provide you and your family with the peace of mind of knowing that should redundancy strike then there will be an income provided by the insurance cover. Our redundancy insurance takes the form of a combined lifestyle insurance product that protects you against accident, sickness and illness as well as redundancy. Our all in one product provides all of these broad benefits for the same level of premium that you would normally expect to pay for a single product policy. Our insurance cover starts from just £1.99 per month and it is not necessary for you to comit to a full year of cover as our redundancy insurance cover operates on a monthly basis so you do not have to pay for a full years cover upfront.

If you want to read more about our redundancy insurance product then read our guide to redundancy insurance. Our guide provides you with all you need in order to understand exactly how our redundancy cover works.