Personal Finance COVID-19 impact: Should you opt for job loss insurance cover? Updated : May 21, 2020 06:17 AM IST The job insurance cover is based on the reason for job loss of the insured. Policy holders have the choice of selecting a job insurance cover based on the probability of job loss and the premium amount. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.