Unemployment Cover

Unemployment cover is a type of insurance designed to provide financial support if you lose your job through no fault of your own. It helps cover essential outgoings such as rent or mortgage payments, utility bills and everyday living costs while you search for new employment.

What is Unemployment Cover?

Unemployment cover (often included as part of Income Protection or Accident, Sickness & Unemployment insurance – ASU) pays you a regular monthly benefit if you are made redundant or involuntarily unemployed.

The aim is to ease financial pressure during periods without work and provide peace of mind should your income suddenly stop.

Peace of Mind If Your Income Stops

If you are made redundant, unemployment cover can provide a regular monthly benefit after a short waiting period, helping to ease financial pressure while you look for your next role.

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How Does It Work?

If you take out a policy and later lose your job:

• You must notify your insurer and submit a claim
• Once your claim is approved, payments usually begin after a waiting period (often 30 days)
• You’ll receive a monthly benefit for a set period (commonly up to 12 months per claim)
• Payments stop once you return to work or reach the maximum benefit period

The amount paid is usually a percentage of your income, subject to policy limits.

Life is unpredictable. Your finances don’t have to be.
Unemployment cover provides reassurance that if your income stops, support doesn’t.