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Any Policy which pays for EMI due to job loss?

Hello,

I have below question, can you please help on that?

Lets say a person has taken home loan and EMI is around 22k-23k but after paying EMI continuously for 2-3 years he lost his job and later not able to pay his EMI. He got new job but due to less salary he is not able to manage his EMI and monthly expenses, then how these things can be sorted? How EMI can be paid, is there any waiver in any kind of Term Insurance which pay his EMI? Sorry not sure if there is any such policy available which covers EMI/loan amount in such situation.

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