Compare Redundancy Insurance NZ | Compare Income Protection
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Worried About Job Loss?

Compare Income
Protection Insurance
with Redundancy

Stay financially covered if your job is unexpectedly made redundant. Compare redundancy plans from NZ's top insurers.

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How Redundancy Cover Can Support You During Job Loss

If your job is suddenly made redundant, your financial responsibilities do not pause. Mortgage payments, rent, groceries, utilities, and family expenses continue.

Income protection with redundancy cover can help provide temporary monthly payments while you search for your next opportunity. It is also known by some people as redundancy protection insurance, job redundancy insurance, or an unemployment insurance alternative in New Zealand.

Why Kiwis choose redundancy cover

  • Helps cover everyday living costs
  • Supports your family during job loss
  • Reduces financial stress during unemployment
  • Gives you time to find the right next role
  • Compare options from trusted NZ insurers

We'll help you compare the right cover for your needs.

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No pressure. No obligation. Compare at your own pace.

Compare before you choose

Why Comparing Income Protection Plans Can Help You Choose Better

Many people go directly to one insurer without knowing what other plans offer. Comparing helps you see your options clearly, understand the differences, and choose a plan that better suits your income, budget, and lifestyle.

Going Direct to One Insurer Comparing Multiple Plans
You may pay $20/month extra without realising it. Over 20 years, that could become $4,800 more in premiums. You can compare premiums first and choose a better-value plan.
You only see one company's offer. You can compare options from multiple NZ insurers.
You may miss stronger benefits for a similar price. You can compare benefit amounts, features, and policy terms side by side.
You may choose a waiting period that increases your premium. You can compare waiting periods and find a structure that suits your budget.
You may overlook exclusions or limits. You can understand key differences before making a decision.
You may commit before knowing what else is available. You can choose with more confidence before applying.

Compare first, then choose with confidence.

How it works

How it Works

Finding the right income protection redundancy cover does not have to be stressful. In just a few simple steps, you will answer quick questions to help us understand your employment situation, income, and coverage needs. Once you share some basic details, we will help you compare relevant income protection plans with redundancy benefits from trusted NZ providers.

Here's how it works:

  1. 01

    Quick and Easy Quiz

    Tell us about your job, salary, and how long you'd want income support if you were made redundant. It only takes a minute.

    1 min
  2. 02

    Compare Side-by-Side Plans

    View quotes and benefits from leading NZ insurance providers, all in one place.

    Instant
  3. 03

    Talk to a Specialist — Optional

    Want advice or need help choosing? Our friendly advisers can walk you through the best income protection plan with redundancy benefits for your situation.

    Your pace

Whether you're looking to protect your mortgage, savings, or family lifestyle, we make it fast and simple to find the right cover — without any pressure or confusing fine print.

Start comparing today and secure peace of mind for life's unexpected moments.

About us

About Us

Comparing income protection insurance can feel frustrating and confusing. This site is designed to help you understand which policy may be suitable for you based on your employment, income, debt, and financial situation.

Comparing insurance companies by price alone may work for simple cover like car or house insurance. But income protection in New Zealand is different. ACC, employment status, income type, waiting periods, and private cover options all need to be considered.

Whether you are exploring unemployment insurance, redundancy protection insurance, or income protection with redundancy cover, understanding your options before choosing a policy is important.

We created this site to break down the most common income protection outcomes in a simple way. From there, you can get online advice from one of our dedicated advisers, who can help structure your cover in a cost-effective way.

Friendly NZ financial adviser at work

Frequently Asked Questions

Everything you need to know about redundancy insurance in NZ

Redundancy insurance pays you a regular monthly amount (typically up to 75% of your income) for a set period if you're made involuntarily redundant by your employer. It's designed to help cover essential expenses like mortgage, rent, groceries and bills while you find your next role. In NZ, redundancy cover is usually included as part of an income protection insurance plan.
Most insurers will cover up to 75% of your gross income. Look at your fixed monthly costs (mortgage/rent, food, insurances, school fees) — that's your floor. Then think about how many months you'd realistically need to find another role. We'll help you size cover to your actual situation.
No — redundancy cover only pays out on involuntary redundancy (for example, when your role is disestablished or your employer restructures). It does not cover resignation, dismissal for performance or misconduct, or expected end-of-contract terminations. Your employment status at the time you take out the policy also matters — most insurers require permanent full-time or part-time employment.
Yes — most redundancy policies have an initial qualifying period (commonly 3–6 months from when the policy starts) before you're eligible to claim. This stops people from taking out cover only after they've been told their role is at risk. Once past the qualifying period, a separate waiting period (typically 4–8 weeks) applies between the redundancy date and your first payment.
Most redundancy benefits pay for a set benefit period — commonly 3 to 6 months per claim. Some plans pay longer; some pay shorter. Longer benefit periods cost more in premium. Payments stop earlier if you find new work before the period ends. We'll show you the trade-offs side by side so you can pick the right balance for your situation.
The waiting period is how long you wait after your redundancy date before benefits start (typically 4–8 weeks for redundancy cover). The benefit period is how long the insurer keeps paying you (commonly 3 or 6 months per claim). Longer waiting periods and shorter benefit periods reduce your premium.
Generally no — redundancy benefits are only available to permanent employees (full-time or part-time). Self-employed Kiwis, contractors and sole traders aren't eligible for redundancy cover because there's no employer to make their role redundant. If you're self-employed, an income protection policy that covers illness and injury is usually the better fit, and we can help you compare those too.

Ready to safeguard your income against job loss?

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