unemployment insurance
US /ʌnɪmˈplɔɪmənt ɪnˈʃʊrəns/
UK /ʌnɪmˈplɔɪmənt ɪnˈʃʊrəns/

1.
a system of government payments to people who are temporarily out of work
:
•
After losing his job, he applied for unemployment insurance.
•
Many people rely on unemployment insurance during economic downturns.