Article

Disability Cover
September 14 , 2012

Disability insurance covers the insured's income earning potential in case a disablement makes him unable to continue in his employment. Disability is covered under personal accident policy. Most insurers cover only when the disability is due to total and permanent loss of limbs, sight, hearing etc. Some do cover total and partial disability. 

Some health insurance policies offer disability cover as a rider to health policies. When offered as rider, the policy holder is exempted from paying base premiums to the extent of rider sum assured. The benefit is paid out in fixed installments over a period of time. In case of partial disablement the insurer pays out a percentage of the sum assured, usually 50%.

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