FAQ (Frequently Asked Questions)

When can you make a claim under this insurance?
You can make a claim under this insurance at any time during the period of insurance providing you notify us as soon as reasonably possible. However, unless you have been granted exclusion free transfer, there is a period of 120 days immediately following the insurance start date during which any occurrence or notification of impending unemployment will not be insured. This is known as the initial exclusion period and includes any period of consultation even though unemployment may not take place until after this period.

To qualify for exclusion free transfer you must transfer your existing monthly unemployment and disability insurance (or unemployment only insurance) from another insurer (not Adminicle Limited). Furthermore you must be able to prove that your existing insurance has been in force for at least six months and that you have not made a claim under that insurance.

Important note: exclusion free transfer is granted entirely at underwriters discretion.

How long are claim benefits paid for?
Claim benefits are payable for up to a maximum of 12 months for any separate unemployment or disability claim under this insurance. Once you return to work you need to stay in work for another 180 days before you can claim again.

When do you receive your first benefit payment?
Subject to the provisions of section 4, if you are working and become unemployed, or if you are unable to work due to accident or sickness for a period of 30 days we will pay you one monthly benefit. Thereafter payments will continue monthly in arrears until the earliest of the following events:

• the last consecutive day that you remain unemployed or disabled,
• the date you cease to provide evidence that you remain continuously unemployed or disabled. Evidence will be a completed claim form, Jobseeker’s Allowance and a job search diary with supporting evidence of you actively looking for work,
• the date on which you have received maximum benefit payments for any separate period of claim,
• the finishing date of this insurance.

How much cover can you have?
The amount of cover you select is known as the monthly benefit. The maximum monthly benefit available, under this insurance is £1,000 or 50% of gross monthly income* whichever is the lower, less any other form of income but excluding State Benefits.

In addition, the maximum monthly benefit allowed under all similar insurances (including this insurance) is 50% of gross monthly income* less any other form of income but excluding State Benefits.

All benefits over 50% of gross monthly income* will be deducted in the event of a claim.

Example: If your gross monthly income is £3,000, the maximum monthly benefit under this insurance is £1,000. The maximum monthly benefit from all insurance providers (including this insurance) is £1,500.
*Gross monthly income means monthly salary plus the average of any overtime, commission and/or bonus payments received in the 12 months prior to the insurance start date.

What are the costs of cover?
The costs of cover are expressed as a rate per £100 of monthly benefit and include insurance premium tax.

Friday, November 21, 2008