Unemployment Insurance
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Protect up to 75% of your gross monthly income or £1,500 per month |
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Flexible Excess Periods allowing you to choose when your benefits payments start |
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Benefit payments can last up to 12 months for any one claim |
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Jobcare Back to Work Service to help you return to work |
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Legal Helpline to help you with redundancy matters and tax information |
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Unemployment benefit also available for self employed |
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Carer Cover - if you have to stop work to look after a family member |
Top Ten Tips to buying Unemployment Insurance Buyers Guide (see left hand margin)
Unemployment Insurance - how to save money
We have highlighted below how to get the very best value Unemployment Insurance we offer.
What do you need to cover? Decide what is the right policy for you
This makes a significant difference to the premium you pay. There are two routes to the unemployment/redundancy insurance you are looking for:
1. If you only need to cover your mortgage repayments plus up to 25% more for your household and living expenses, you will find you will pay the lowest premiums by choosing our best selling i:protect Mortgage Payment Protection Insurance.
For example, if you need, say, £500 per month to cover your mortgage repayments and up to another £125 for utility bills, council tax, insurance etc. choose i:protect Mortgage Payment Protection Insurance for the low cost option.
2. If you rent or want to cover several monthly bills and expenses, the added flexibility of i:protect Lifestyle Protection Insurance would make most sense. This is our flagship product that allows you to choose the amount of monthly benefit you need (up to £1500 per month or 65% of your gross earnings whichever is the less). There are no restrictions on how you spend the money or on the bills you choose to cover.
For example, if you need, say, £500 per month for rent, £350 car loan, £300 food, £150 utility/mobile phone bills, £150 for minimum credit card repayments and £50 other payments, choose i:protect Lifestyle Protection Insurance for the most flexible option.
Overview i:protect policies covering Unemployment
- Protect up to 75% of your gross monthly income or £1,500 per month whichever is the lesser amount with our Mortgage Payment Protection Policy to cover:
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- Protect up to 65% of your gross monthly income or £1,500 per month whichever is the lesser amount with our Lifestyle Protection Policy to cover:
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Both policies come with these great features:
- Flexible Excess Periods allow you to choose when payments of your benefits start. You can select your unemployment benefit to start after for example; 180 days, 90 days, 60 days, 30 days or from day one (known at 'back to day one' cover). All claims are paid 30 days in arrears. For more information about how you can use excess periods to save money please click here.
- In respect of any one claim benefit payments can last up to 12 months. You can make as many claims as you need in any one year, there is no limit to the number. For detailed information about the i:protect claims service please click here.
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Jobcare Back to Work Service is there to help you get another job. This service is free and is provided by Jobcare Services Limited who are employment specialists. Their advisors offer you practical advice tailored to your individual circumstances. For more information about Jobcare please click here.
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Redundancy Helpline to help you with redundancy matters and tax information. For more information about Legal Helpline please click here.
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Carer Cover is available provided you select the accident sickness and unemployment option. You are paid if you become a carer after taking out your policy. For more information about Carer Cover please click here.
Click 'Get a quote' to obtain an immediate quote to check how little i:protect Unemployment Cover might cost you. Please click on the quote button at the top of this page; Go to top of page. Just choose the type of policy to suit you.
| There are other providers of short-term Income Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk |
Accident and Sickness low cost cover
You can decide to have the 180 day maximum excess period on your Accident and Sickness benefits, then you will still know you have this cover if you are signed off from work by a doctor for an extended period. This will only represent a fraction of your premium. Unemployment Insurance from i:protect, including accident and sickness benefits with 180 day excess, almost always costs less than redundancy only cover offered elsewhere.
An ethical approach
At i:protect we continue to include accident and sickness cover as an intergral part of of every policy is central to our ethical approach to underwriting. Why we do this, even for our lowest price products is because we know that some of the longest running claims with the highest benefits we have paid were due too medical conditions. Despite people mostly buying this insurance for the unemployment cover, did you know some 40% of the claims we pay our policyholders are due to accident or sickness. Therefore to offer a product that denies our policyholders this cover would go against our principles - ultimately we do everything to treat customers fairly.
What can you claim for state benefits?
Her are two very useful links:
Department of Work and Pensions
Benefits - state benefits checker an on-line tool from independent Turn2Us