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Do You Know Your Unemployment Insurance Coverage?
by Shourya Ray Chaudhuri on Sep 19, 2011
Unfortunately, in the current economic climate, unforeseen unemployment through sudden redundancies, with no fault of the employee or prior alarm is becoming more common. Due to continuous fluctuations in the economic scenario, the organizations at the brim of success with increasing demand of raw materials, hardworking and smart resources and newer clients may get to witness the fall in revenue due to various reasons.
Protection insurance can make a big difference to one’s life, during financial crisis i.e. during loss of work due to involuntary redundancy of no fault of the employee. If you find yourself unable to earn regular income, because of no power left in your hand to earn due to sudden redundancy, unemployment protection insurance acts as a boon in such situations. Imagine your wages suddenly stopped from next day, a very scary thought but in reality it is an unfortunate phase to pass, without financial assistance would you be able to meet your monthly bills...Read More >>
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by albertcaimous
Unemployment insurance, also referred to as income protection insurance, protects you from situations like losing your job through no fault of your own. These situations include accident, sickness or unexpected redundancy.
In these times of the economic uncertainty, when the chances of businesses scaling down become more likely, there is a higher probability of you losing your job. Temporary inability to work as a result of accidents or sickness could also negatively affect your performance and increase the likelihood of you losing your job. The average person in society...
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