Soon, insurance cover for job losses?

The ghosts of 2008 are crawling back on the job street, with the telecom and the investment banking sectors already seeing cuts across the board.

However, many insurance companies have sensed an opportunity in this uncertainty and are planning customised and stand alone 'job loss covers'.

Such products are popular in developed economies, but now on a standalone basis, the product is set to make its debut in India, and the number of enquiries for such products has seen a spurt over the last few months.

Image: A couple of job seekers seen in this file photo.

Text: Arijit Barman and Niladri Bhattacharya, Business Standard

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