Job Loss Insurance

Personal finance experts suggest building a contingency fund that can take care of three months of loan repayment.

The Ministry of Labour and Employment will provide three months salary to Employees' State Insurance Corporation (ECSI) members who lost their jobs during the COVID-19 pandemic, Union Minister for Labour and Employment Bhupender Yadav informed today.

While the pandemic witnessed massive job losses, a woman whose husband died of COVID-19 two months after he lost his job is fighting a unique battle with the company, demanding compensation and insurance benefits.

The first of its kind finance and insurance scheme also include job Loss Protection' on EMI's covering loss of job and medical emergencies including Coronavirus. The complementary pick-up & drop service is available in all major cities while customers in other locations can also avail this service at a minimal charge.

Financial planners say that one should save to have at least 6-12 months of monthly expenses that can be tapped easily for any emergency-like situation, including loss of salary income.

An unexpected job loss can wreak your finances and be emotionally traumatic as well. For those who have big EMI burdens, it can be even more devastating. Here are a few tips that can help you deal with the situation in a better way, according to financial planners.

Retirement fund body EPFO next month is likely to consider and approve a proposal to provide life insurance cover to its subscribers for three years after cessation of employment.

Personal finance experts suggest building a contingency fund that can take care of three months of loan repayment.

The Ministry of Labour and Employment will provide three months salary to Employees' State Insurance Corporation (ECSI) members who lost their jobs during the COVID-19 pandemic, Union Minister for Labour and Employment Bhupender Yadav informed today.

While the pandemic witnessed massive job losses, a woman whose husband died of COVID-19 two months after he lost his job is fighting a unique battle with the company, demanding compensation and insurance benefits.

The first of its kind finance and insurance scheme also include job Loss Protection' on EMI's covering loss of job and medical emergencies including Coronavirus. The complementary pick-up & drop service is available in all major cities while customers in other locations can also avail this service at a minimal charge.

Financial planners say that one should save to have at least 6-12 months of monthly expenses that can be tapped easily for any emergency-like situation, including loss of salary income.

An unexpected job loss can wreak your finances and be emotionally traumatic as well. For those who have big EMI burdens, it can be even more devastating. Here are a few tips that can help you deal with the situation in a better way, according to financial planners.

Retirement fund body EPFO next month is likely to consider and approve a proposal to provide life insurance cover to its subscribers for three years after cessation of employment.