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?
Tuesday, January 26, 2010
Subscribe to:
Post Comments (Atom)
There are some of these points included in my insurance plan. I have an accident insurance plan and things like disability, reimbursement in such cases, and other such points are all included in the plan.
ReplyDeleteSo I don't think I need an extra disability health insurance. But I would recommend those who don't have any form of accidental cover to opt for one.
Good points shared for brainstorming. i was not aware of many of these things. Thanks for sharing information.
ReplyDeleteApollo Munich's Accident insurance offers disability insurance, as one of the plan's beenfits
ReplyDeletei also have Apollo Munich's Personal Accidnet plan. good plan.
ReplyDeletevery informative blog... have found out a lot of things i did not know about health insurance and apollo munich... thanks
ReplyDeletethe accident insurance plan i have covers this too... thanks...
ReplyDelete