I read many articles about job loss insurance or layoff insurance. Is this real ? Do we have such system in India also ?
If so which are the best insurance for this and what are the pros and cons.
There are very few insurance providers for this. I have one from HDFC ERGO. It basically covers my loan EMIs in case of loss of income. It's applicable only if:
Now, the tricky part is that most companies ask employees to resign during layoffs or termination. You have to ensure that in case of job loss, you have the correct relieving letter.
I still doubt the fairness of the insurance. And I hope I won't have to file a claim. But, it's better to have something than nothing.
I think most companies are asking employees to resign. They are not technically layoffs. This insurance might have clauses to make sure that the employee is technically laid off which may not be possible to prove.... even if you take such insurance, please read clearly on scope of coverage.
You need to be terminated for that. But companies make you resign and not terminate you.
Any insights would help here. Looking to buy one! Or is this just scam?
I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way?
If it's really bad, which department you think is the most affecte...
It is really bad right now 1. Layoffs in many of the companies, irrespective of whether they're a startup or a big ...
I work in product for a series A funded startup that just laid off 40% folks in my team.
Work environment has become tremendously stressful with top management continuously threatening about every small thing.
Although getting job ins...
Jobsurance claims to give 3 months of salary in case of mass layoffs or restructuring. Looks like a good deal overall.
Has anyone used it? I’m considering signing up for it. Their sales team claimed that they have honoured 100% of cla...
