How does unemployment insurance work?

With unemployment insurance you pay regular premiums and subject to certain conditions we agree to pay you a monthly benefit if you are unable to work because of accident, sickness and unemployment. The unemployment that incurs because of ASU is likely to affect your lifestyle. Unemployment insurance can reduce the negative effect of your loss of earnings by replacing your income and help bring you peace of mind.

Our unemployment insurance is offered as combined Accident, Sickness and Unemployment, Unemployment Only or Accident & Sickness Only. The protection you choose will depend on your own individual requirements.

Unemployment insurance have variable options that might include:

Exclusion Periods (or Waiting Periods): This is the length of time, from the start date of the policy, until you are able to claim for unemployment. This is different from deferred payments as it is a once only exclusion period.

Deferred Payments:  We do not offer deferred payments because we believe that to be inferior insurance but where they are offered elsewhere. They allow you to choose at what point you want the benefit payments to start after you are unable to work, this known as a deferment period.  The longer the deferment period, the cheaper the unemployment insurance premium should be but this is not always the case. With AntInsurance, payments are paid back to day 1 (see below) and your insurance premiums are kept low.

Back to day 1:  Many unemployment insurance plans (including ours) now offer the option of back to day 1 cover.  This means you may make an insurance claim after just 30 days of unemployment, accident or sickness and the payment will be backdated to the first day.