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​​Retrenchment cover

​​Retrenchment

​​means the termination of your employment by your employer because of poor 

​​market conditions or the liquidation of the business or any other business decision

​​of the employer that results in reducing staff.

​​

​​What we insure

​​

​​Premiums in the event of redundancy and retrenchment

​​

​​What we do not insure

​​ 

​​We do not pay the premiums for this policy for retrenchment or redundancy if:

• ​​you have not paid any premiums due on this policy;

• ​​you are retrenched or made redundant within the first 90 (ninety) days of the start

​​       date of this section; 

• ​​you accept voluntary retrenchment; 

• ​​you are unemployed because you retire or resign; 

• ​​you are unemployed because you fall pregnant or give birth; 

• ​​your work is seasonal; 

• ​​your fixed-term contract ends, or you finish the job you were specifically 

​​     employed to do;

• ​​you lose your job because you are found guilty of fraud, dishonesty or any

​​      misconduct on your part; 

• ​​you lose your job because of any illegal strike that you took part in or any lock-out 

​​      by your employer;

• ​​you abscond from your job. To abscond means to leave your job in a secret and

​​     sudden manner; 

• ​​you are employed in the informal sector; 

• ​​you are self-employed. 

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