Am I eligible to claim ILOE insurance if the company does not renew my 2-year contract?

Dear Questioner,

You can contact the insurance company where you paid the premiums and submit a request to disburse unemployment insurance.

Dear Questioner,

Yes, you are entitled to unemployment insurance as long as you have stopped working and as long as you continue to pay.

You have finished your 2-year contract with the company, and they are not renewing it. This qualifies as involuntary loss of employment.

You have been paying ILOE insurance premiums for over a year, which fulfills the minimum eligibility requirement. You may apply for the same.

Yes, you should be eligible for ILOE given that it was wholly the company's decision not to renew your contract and no other reason related to behavior, performance, or absconding.

If you need help with anything else, do not hesitate to let me know.

Dear client,

It depends on the specific terms and conditions of the ILOE insurance policy you purchased.

Generally, ILOE (Income Loss Overhead Expense) insurance provides coverage for lost income or overhead expenses in the event that you are unable to work due to an illness or injury.

If your policy includes coverage for loss of income or overhead expenses due to termination of employment, then you may be eligible to make a claim.

However, it is important to review the terms of your policy and consult with the insurance provider to determine your eligibility and the specific coverage provided in your policy.

Additionally, it is recommended to consult with an insurance agent or legal professional for personalized advice and guidance on making an ILOE insurance claim in your specific situation.