0800 141 889Redundancy Insurance in New Zealand
Compare Quotes from Major Insurers and get the lowest Redundancy Insurance Premiums in the market
Redundancy Insurance, Redundancy Cover, or Loss of Employment Insurance, Salary Insurance or Wage Insurance it’s all the same and we have specialised in Redundancy Insurance since its was first offered in New Zealand.
With the economy in its current state, how can you afford to risk not having Redundancy Insurance ?
What would happen if you are suddenly informed that you are going to be made redundant ? How will you pay your Mortgage or Rent and other expenses if you are not getting paid and it is taking longer than expected to find that perfect job again ?
Most employment contracts DO NOT pay anything for Redundancy, does yours ?
The Jobseekers allowance in 2025 only pays $361.72 per week (after tax) for over 25 year olds, that equals $1,566 per month, can you afford to live on $1,566 per month ?
Many of our clients have claimed on their Redundancy Insurance which has helped them through what could have been a very tough financial time, Redundancy Insurance really does pay out !
Your redundancy insurance will be placed with one of the leading redundancy insurance companies in NZ.
Our qualified insurance advisers will provide free advice, and an easy to understand emailed proposal with Redundancy Cover and Income Protection options so you can choose a fortnightly or monthly premium that fits your budget.
Get your redundancy insurance quotes now
How does Redundancy Insurance Work ?
- Redundancy Insurance is a monthly payment made to you after you get made Redundant from your job
- You will start getting paid 4 weeks after your final day of employment
- You will be paid redundancy insurance for up to 6 months while you are looking for another job
- The amount paid to you is a percentage of your income or 115% of your monthly mortgage payment
- There is an initial stand down period where you cannot claim on the policy for the first 6 months.
- You will not be able to get Redundancy cover if you know you are going to be made redundant, or your employer is going to restructure
- Redundancy Insurance is an optional ‘add-on’ to disability income protection so you get a policy that will pay you an income if you are made Redundant, or if you become disabled and can’t work because of an Accident or a Medical Condition
If you want to secure peace of mind about the future of your finances regardless of what happens at work, then you need redundancy income protection.
After you’ve requested your quotes, we’ll call you to discuss your requirements and help you choose the right cover for your particular situation.
When you need to make a claim, we’ll ensure your insurance provider sticks to its promises, and we’re always on hand to answer questions and offer advice.
Why do I need Redundancy Insurance ?
Unfortunately job security seems to be a thing of the past, and nobody is protected from the threat of being made redundant
Covid has changed the economy, and many businesses are not as stable as they once were
We all thought that Travel and Tourism we’re stable booming industries before 2020, but look what happened, the point is, you have to be prepared in advance
We all like to think that our jobs are secure, but that is not always the real situation
Many businesses can appear to be in good financial shape, and without warning they can be shut down due to financial stresses. Many businesses will restructure to stay afloat and this means people will be made redundant
There are going to be large and small businesses that will get taken over, and when this happens jobs will be consolidated and some will be out of work.
- How long can you afford to live if you suddenly get made redundant ?
- Most families now days rely on two people working to pay the mortgage or rent and to cover living expenses. Can you afford to live on one income for more than a month ?
- Will you be forced to move house as a result of no income due to redundancy ?
- Will you have to take the first job you are offered because you are out of money ?
- Will the first job you get offered pay you what you want or will you be forced to accept that wage or salary due to being under financial stress
- What happens when you don't have enough money to pay for your household expenses, or buy food or pay credit cards or loan payments ?
Sadly, these scenarios are all possible without a redundancy insurance policy
