Loss Of Job/Income Insurance

Job insurance cover is the latest in the insurance industry in India. However, it is not yet available independently and can be purchased only as an add-on with a critical illness cover or a home loan protection plan. A secured job is everyone’s requirement, however, the IT industry seems to be the most in need. With lucrative pay packages and attractive jobs, the IT companies undergo numerous mergers, revamps, and acquisitions. Retrenchment of staff mainly happens as the employees receive a huge salary and in the event of the company running in losses, the salaries are harder to pay.

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