Accident, Sickness & Unemployment Insurance covers your mortgages and other costs by paying your monthly benefits, which on the other hand you may select the sum of benefit you’d want to receive, but remember that there are some limits on the said amount that might be given to you.
Some insurance will also permit you to decide on whether you want to get reimbursement for mishap & illness or redundancy only or all these three policies. Most insurance will also have a 'suspension period' ,meaning that this may be the time that you have to wait before getting remunerations from the Accident, Sickness & Unemployment policy after you’ve become sick, meet an accident or become jobless.
Another thing you should always remember though you are covered by the Accident, Sickness & Unemployment Insurance; not necessary every mischief that may happen to you will not be covered by the policy.
The central case when you will not be covered are intentional self inflected injury, accident while on a motorbike, risky sports or professions, working as a licensed sports individual, or any harm or circumstance that is connected to normal pregnancy, anxiety, back pain or whatever illnesses that you have prior to your application; AIDS, alcohol and drug abuse or any criminal deeds in the past.
On one hand, if you chose unemployment cover, you will not be enclosed by the policy if you know beforehand you might become unemployed in the near future; likewise, if your work is irregular or just momentary or you made yourself voluntarily jobless.
However, if you are on an indenture you can still be eligible for unemployment cover if you meet some particular conditions which are enclosed in the full policy particulars. A full list of sanctions will be supplied along with your policy.