REASONS TO OPT DISABILITY INSURANCE
REASONS TO OPT DISABILITY INSURANCE
One never knows where life takes him or her. So as it is said that precaution is better than cure. You must take some precautions for your life so that at any stage in your life you never feel to ask for money from anyone. Always try to keep a backup plan for each and every situation and this can only be done when you try to foresee the problems which could occur in future.
One of those problems is any kind of disability. This is the time when an individual feels most loneliness in life. So, you can take precautions for this potential incident also and that solution is a Permanent Disability Insurance. This is the best way to tackle the situation when you are disabled and cannot earn money even when you want to.
One never knows where life takes him or her. So as it is said that precaution is better than cure. You must take some precautions for your life so that at any stage in your life you never feel to ask for money from anyone. Always try to keep a backup plan for each and every situation and this can only be done when you try to foresee the problems which could occur in future.
One of those problems is any kind of disability. This is the time when an individual feels most loneliness in life. So, you can take precautions for this potential incident also and that solution is a Permanent Disability Insurance. This is the best way to tackle the situation when you are disabled and cannot earn money even when you want to.
WHAT IS PERMANENT DISABILITY?
TPD (total permanent disability) is a condition in which a person is unable to work due to any unpredictable condition like severe sickness, accidental problem and many more.
HOW CAN YOU EARN WITH TPD
Even in this situation, you have no need to ask for money to anyone if you opt for Permanent Disability Insurance.
Many companies are offering different types of insurance for disability. But before selecting any insurance you have to research as different companies cover different disabilities in their premiums. You have a vast choice from which you can choose which cover you want to opt for.
DIFFERENT DISABILITIES WHICH CAN BE COVERED IN IT
- Loss of both the eyes is one.
- Loss of ears or hands.
- Absent for six months or more without any confirmation of coming back to the job.
- Loss of any major organ of the body.
- Many more disabilities were included from one company to another.
HOW TO CHOOSE?
Before selecting you most analyze your body and the family tree through this only you will get to know that if any problem can occur to any of your organs or any heredity problem which you may get.
Then type on Google different Permanent Disability Insurance.
Now you can see the different packages and covers which different companies are offering to the customer.
Read all the terms and conditions of the insurance company and then only select which one suits you.
Your budget also plays a vital role in choosing the insurance cover. As more the numbers of organs are included more will be the premium value you have to pay.
HOW TO AVAIL IN NEED
Different companies pay a different amount according to their policies and terms and conditions. The basic charges can be:
- For total permanent disability, 125% of the sum insured can be paid.
- For total partial disability, 100% of sum insured can be paid.
Note: These figures are different for different companies.
BENEFITS
- In any bad circumstances, you can avail the facility.
- You have no need to ask for money from anyone.
- The company will pay you the amount as per your policy.
- If the right company and the right plan are chosen then it will be very beneficial for the policyholder.
You can easily avail any policy but there were many frauds in the market so you have to choose very carefully.
If you avail this insurance then you will never feel disable even with chronic disabilities. When you are earning so much why can't you spend a little amount on your own future?
Choose wisely and opt for the policy, not for only yourself but also for your family members. Spread awareness about the useful things as many of us may even don't know about this before.
Be careful with your future and live a happy life!!