Redundancy is a risk that has recently become very pronounced and has caught a lot of people unawares.
It is definitely worth including as part of your total insurance package. Taking our jobs for granted is a mistake made by too many people and when there is no nest egg which can tide you over till your next employment, it can be a costly one.
Redundancy protection pays you your insured amount if you are made redundant for up to 6 months or till the next employment is found, whichever is earlier.
Independent advice on Redundancy Protection
Different insurers have differing terms and conditions, just like all other insurances, so it is best to talk to a non-aligned professional advisor who can find the right one with the most favourable terms for you.