Redundancy Insurance NZ

Claims coverage continues until 12 months from the redundancy date or when you return to full-time employment, whichever comes first. Once employed, remaining payments stop, but you can reactivate coverage if needed later.

Yes. Each redundancy event is treated separately. If you return to work and are made redundant again, you can claim again for another 12-month period. Policy covers multiple claims over the coverage period.

Standard policies don't cover self-employed individuals due to the different nature of business closure versus employment redundancy. However, we can arrange special underwriting for self-employed workers. Contact us to discuss your specific situation.

Redundancy insurance requires you to be employed when you apply. If you've already been made redundant, you won't qualify for a new policy. However, existing policyholders remain covered during unemployment periods from covered events.

Premiums start from $8 per week and vary based on your total debt, age, and employment type. Get a personalised quote online in 2 minutes. No hidden fees or broker commissions—what you see is what you pay monthly.

Yes. Redundancy insurance is month-to-month with no long-term contracts. Cancel anytime with no penalties or exit fees. Some policies have a minimum 30-day notice period, but you're never locked in.

Your policy remains active and premiums continue unless you cancel. You're protected immediately if you're made redundant again. Some policies offer optional suspension if you prefer to pause payments and resume later—just ask when you return to work.