How to get the best Redundancy Insurance in New Zealand?
Unfortunately, job security seems to be a thing of the past, and nobody is indifferent to the threat of redundancy.
Redundancy cover provides extra protection in case you’re made involuntarily redundant.
You can claim up to two times under the Redundancy benefit. You must be employed full-time for six consecutive months before you are eligible to make your second claim under this benefit.
How does Redundancy Insurance work?
Redundancy Insurance in New Zealand is an optional Income Protection add-on benefit, that pays maximum $5,000 per month for 6-month, after a 30-day waiting period that begins on the date you became redundant.