In uncertain economic times, ensure financial stability with Retrenchment Covers from Insurance Connect. Our policy provides financial support to employees who have been retrenched, helping them manage their expenses during periods of unemployment. Whether you’re an employer offering benefits or an individual seeking protection, our Retrenchment Covers provide peace of mind.
Provides a portion of the employee’s salary for a specified period after retrenchment.
Covers loan repayments and other debts during unemployment.
Provides financial support for essential living expenses like rent, utilities, and groceries.
Dedicated claims support and risk management services to help you minimize downtime and maximize recovery
Our policy provides income protection, debt repayment coverage, and financial support for living expenses after retrenchment.
Income protection typically lasts for a set period, such as 3, 6, or 12 months, depending on the policy.
Yes, employers can offer Retrenchment Covers as part of their employee benefits package, providing financial security for their workforce.
Coverage is generally available for involuntary retrenchment due to economic reasons, but voluntary separations may not be covered.
We prioritize swift processing to ensure that financial support is provided as soon as possible after retrenchment.
