Taking job insurance is a profitable deal, you will get financial security on job loss

Job Insurance: Getting job insurance is a profitable deal, financial security will be available on loss of job, during the Corona period, the employment of people has been hit the most. A large number of people have lost their jobs, especially in the private sector. In such a situation, it is necessary that such arrangements should be made that in case of loss of job, one does not have to face any kind of financial crisis. Job insurance can help you a lot in this work. Know about job insurance:-

Highlights of job insurance

• Under this policy, if the policyholder loses his job, he and his family get financial security for some period.
• However, financial security is available only when the policyholder has lost his job due to the reasons given in the policy.
• In India, this can be due to some serious illness or accident, being completely or permanently disabled.
• Job Insurance is not a standalone policy. This means that this policy cannot be taken separately in India.
• It can be taken as an add on cover along with the main policy.
• Generally you can take it with health insurance or home insurance policy.

what is covered

• If you lose your job due to the reasons mentioned in the policy, then you will get cover.
• Cover is also available in case of temporary suspension.

Who can take this policy

• Applicant’s income should be in the form of salary.
• The company in which the applicant is working should be registered.
• Those working on their own cannot take this policy.

how to claim

• If the policyholder loses his job, he has to inform the insurance company.
• The policyholder also has to provide proof of not having a job. Along with this, other documents also have to be given.
• After the verification of all the documents, the insurance company gives the claim.

When the claim is not received

• The cover will not be available if the policyholder has lost his job due to bad work, dishonesty or fraud.
• If the job is gone during the probation period then the cover will not be available.
• Will not get cover even in voluntary retirement.
• No cover for those employed on temporary contract.

,ABP News here I am not advising to invest in any scheme. The information provided here is for informational purposes only. Take expert advice before depositing money in any scheme)

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