Compare redundancy insurance quotes so you could find a deal that could protect your income if you’re made redundant.
Our data experts check each company before we add them to our comparisons, so you can be sure that you only see results from genuine firms.
Enter your details
Get personalised quotes in minutes by providing a few details about yourself and the type of income protection you want.
We search our database of leading providers and list the best deals to help you protect your income.
Apply and insure
Once you've reviewed the choices, pick the best income-protection insurance deal for you and apply.
Not all income protection policies include redundancy insurance. However, UK insurers in this comparison do. Find the cover you need for the cheapest price by completing our quotes form.
When you purchase redundancy insurance, UK providers will often include clauses such as an exclusion period. Make sure to compare redundancy protection insurance from across the market. This way you can ensure you get the best price for your redundancy cover, while also getting the best level of protection.
Each insurer lets you choose an income, but with the following restrictions:
Maximum cover: This is the highest percentage of your income an insurer will cover
Maximum benefit: This is the highest amount of income an insurer will cover
The maximum benefit can affect the percentage of cover you get, for example:
If you want to cover 60% of a £30,000 annual income (£18,000), but an insurer has a maximum benefit of £15,000, you can only cover 50% of your income.
Most policies that include redundancy insurance also pay out if:
You are ill and cannot return to work
You get injured and cannot return to work
Whichever reason you have to claim on an income protection insurance policy, you could get an income for as long as you need it, up to the end of your policy.
This depends on what you choose when you apply for a policy. You usually get two options:
Have an income paid to you as soon as you become redundant
Defer your income payout for a fixed term, e.g. 12 or 24 months
If you choose a deferral period, your premiums are likely to be cheaper. Only do this if you can afford to replace your income until your policy starts paying out.
To decide what cover you need, think about:
How long you want a policy to pay you an income for
The percentage of your income you want covered
How much cover do you need?
Most insurers let you specify an amount or choose a percentage of your existing annual income, for example, 65% of your yearly salary.
Most insurers have an upper limit on the amount you can cover, for example, 65% of your income but capped at £40,000.
To help you decide how much income protection to choose, write a budget to work out which outgoings you need to cover.
Most insurers offer cover up until you retire, but others specialise in shorter-term cover for 12 or 24 months.
Some insurers could offer to cover 100% of your income, but still set a maximum amount, e.g. 100% of your income or £50,000 a year.
By comparing home insurance, you could save money on the policy. The best value income protection insurance will offer you the cover you need, at a price you can afford. Choose a cover plan from the best UK insurance companies and see the online discounts they offer.
We have always aimed to provide the best possible services to bridge the gap between our users and our clients. Over the years, we have been thrilled to be recognised by various prestigious bodies and organisations for those efforts.
Last updated: 26 April, 2022