Job Loss Insurance in UAE

        Do Not Ignore: Job Loss Insurance

In some matters, it is better to act sooner than later, and Job Loss Insurance is one of them. However, future is uncertain, and if the uncertainty happens to be related to your monthly income, it could have a major impact on your as well as your family's standard of living.

Income Protection helps to meet the day-to-day expenses in case you lose your job. Job loss can occur due to any reason, be it a disability, improper skill set, unemployment, and major changes in the economy, which leads to the closure of a company or business. Job Loss Insurance cover thus helps you to meet the financial commitments at that time. 

Would you still ignore the Income Protection Insurance?

Apply for Involuntary loss of employment Insurance Online in UAE with the Best Insurance Company- Insurance Hub, Compare and buy the suitable insurance to protect you and your loved ones.

Let us read a few of the benefits of Job Loss Insurance in detail:

Wok Inability: While you work, you draw a fixed or variable amount of money every month as a salary. But the loss happens if you fall ill or meet with an accident, which requires more than the permitted amount of leaves from work. The main worry then is to have some income in hand for completing the necessary expenditure. Fear always harms the health and increases the time of recovery reversely. Therefore, to save yourself and your family too from unnecessary botheration when you need to discontinue your work due to sickness, it is best to take the Income Protection Cover. As in this, you get paid a fixed amount monthly as per the policies terms and conditions.

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Cover for longer duration: How many policies have you taken so far, and what is the coverage period, especially if it relates to health? For example, most health insurance plans cover the amount of expenditure incurred on hospitalization and medicines. Still, there is nothing called a fixed amount to be paid monthly until you recover and join back the work. However, Income Protection Cover has some major benefits, firstly in terms of the age duration it covers and the guarantee of a fixed amount every month. The age covered under Income Protection Insurance generally falls between 25- 65 years. The amount to be paid to the insured party every month is calculated based on certain information and data out of which the salary drawn by you while you were well and working is one of the major factors.

Uncommon diseases: Certain disability like mental sickness is not covered under much of the policies, but Income Protection protects it.