Disability Insurance is an insurance that insures the beneficiary against the risk arising from a disability, caused due to an unexpected event. It may be short- term disability insurance or long-term disability insurance, depending upon the extent of injuries incurred.
Disability Insurance is said to be a part of the Accident Insurance. The amount of compensation to be made depends upon the terms and conditions of the plan opted. Different Health Insurance Companies offer different percentage of the sum assured as disability insurance.
Enlisted below are some important variables that should be considered while raising disability claim.
What is the waiting period before the start of claim?
How much money will be paid?
Till what time this payment will continue?
Was the disability caused during the course of job-related works?
Was the disability predictable or unpredictable?
What if beneficiary is partially or completely disabled?
What other insurance policies will pay claim for this event?
Showing posts with label Disability Insurance. Show all posts
Showing posts with label Disability Insurance. Show all posts
Tuesday, January 26, 2010
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