Redundancy accident and sickness insurance provides you with a monthly, tax-free payment in the instance that you find yourself unable to work due to illness or an accident (as certified by a doctor), or because of involuntary redundancy. By paying an agreed proportion of them, redundancy, accident and sickness insurance can help you to meet your financial commitments, which don't end just because your job does, such as:
- Your mortgage or rent
- Household bills
- Loan or credit card payments
- Other outgoings
Cover continues for as long as you pay the premiums, and the payments will continue for up to 12 months, depending on the terms of your policy.