The ‘Job Loss Insurance’ cover is offered by many general companies. By taking cover, you can get relief on home loan, auto loan, personal loan or many other types of loan.
New Delhi: Most people have lost their jobs in the Corona era. At the same time, the salary of some people is being deducted and the business of some people has been affected. Due to which they are not able to fill home loan, auto loan, personal loan or many types of EMI on time. Because of which they are worried. ‘Job Loss Insurance’ can prove helpful for such people.
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The ‘Job Loss Insurance’ cover is offered by many general companies. By taking cover, you can get relief on home loan, auto loan, personal loan or many other types of loan. However, for this you will have to pay some premium cover. So let’s know here what is the specialty of this policy.
This relief will be provided from job loss insurance cover
1- Insurance cover will be relieved in job loss or retrenchment.
2- The EMI will be paid by the insurance company for 3 months.
3- Disability, even after death, the benefit of this cover will be available.
4- Insurance cover on leaving the job only after three months of taking the policy.
5- A rider of critical illness is also present in job loss insurance.
6- For both jobbers and self-employed.
7-section 80D will also get tax rebate on premium.
KNOW WHAT IS MUTUAL FUNDS & ITS VARIOUS TYPES BEFORE INVESTING
Premium will have to be deposited
The premiums of ‘job loss insurance’ have been kept separately by different companies. Some companies charge 3 percent and some 5 percent for this policy. You can get more information from the agents of the respective companies.
