written by on 28/05/2011
terrible is the only way i can describe Paymentshield. I entered into a redundancy insurance policy. I paid premiums for years and when I needed to claim Paymentshield used every possible "get out" clause not to pay. The most effective way they have not to pay is to force you to present written evidence on a monthly basis of at least 6 job search attempts (reasonable up to this point). HOWEVER they accept as evidence only invitation letters for interviews and rejection letters. In most industries this is no longer the way people go about interviewing and rejecting candidates. At best you receive a call not letters. Paymentshield are conveniently stuck in the 70s job market. I think what they do is to deliberately mislead people into buying policies that should protect their families and the economy as a whole. DO NOT TAKE OUT UNEMPLOYMENT PROTECTION WITH PAYMENTSHIELD UNLESS YOU LIVE IN A TIMEWARP.
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