If during the Period of Insurance you have been made involuntarily retrenched due to new technology, re-organisation by your employer, liquidation or staff reductions and remain unemployed for more than 90 repetitious days, the Monthly Instalments, subject to a maximum of Rs 300,000 will be paid into your account for the period you remain unemployed. The claim must be submitted within 30 days at the end of the 90 days retrenchment period. You must return to work for at least 12 continuous months before you can make another claim for a retrenchment benefit.

If during a period of insurance, the Hirer is retrenched due to new technology, re-organisation by the employer, liquidation or staff reductions, the Monthly Instalments will be paid by Swan to the Company in the Hirer’s Account, subject to a maximum of Rs 200,000, for the period the Hirer remains unemployed. The claim must be submitted within 30 days.