Disability Plans:
These come as add-ons to basic insurance covers. Higher premiums are charged to cover the risks associated with sick-ness, death caused by accident and permanent disability caused by accident. The benefits include payment of an extra amount (equal to Sum Assured but not exceeding Rs 5 lakh in most cases) along with compensation for loss of employment due to sickness/disability and reimbursement of medical expenses among others.
These come as add-ons to basic insurance covers. Higher premiums are charged to cover the risks associated with sick-ness, death caused by accident and permanent disability caused by accident. The benefits include payment of an extra amount (equal to Sum Assured but not exceeding Rs 5 lakh in most cases) along with compensation for loss of employment due to sickness/disability and reimbursement of medical expenses among others.
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