We all work to make our dreams come true and lead a decent life, ensuring that our beloved ones are safe and secure. Some of us are doctors, some accountants, and some choose to be self-employed. But we all have one common purpose: To enrich our present and make wise investments for our future by having a regular income…
What concerns us most in today's market conditions is without doubt the risk of losing our job. This is a risk that everyone; whether a new employee or a top-level executive has at the back of their mind, with very little to do against. Actually, there is a way out… There is an insurance to protect you in case you lose your job for any reason and become unable to obtain a regular income: "Unemployment Insurance"!
Working on the payroll of an employer for an indefinite term, having set up one's own business and earning one's living through that business, or being a housewife who maintains a life shared with a husband, all come under the concept of having a "job".
To use "Unemployment Benefit" provided under unemployment insurance, the most common examples are for an employee to be dismissed from his/her job without his/her own fault and consent, for a self-employed person to become unable to perform his/her job as the result of an unexpected event, or for a housewife to get hospitalized as the result of unexpected circumstances. Unemployment is not a situation limited only to a certain part of society. Therefore, the benefits that provide cover against unemployment are called Rotating Unemployment Benefits and offered under three main aspects: