Disability Insurance: Who Qualifies and What You Get
Learn how disability insurance provides a monthly pension if you become unable to work due to illness.
Disability insurance is a private policy designed to provide financial security if you become unable to perform your job due to illness.
Who it's for
This coverage is available to all professionals.
What you get
If you become unable to work because of an illness, this scheme provides you with a monthly pension to help cover your living expenses.
What it costs you
This is not a free service. It requires paying high monthly premiums to a private insurer. Additionally, you will likely have to undergo a health check to qualify for coverage.
The catch to know
The most important thing to understand is that the definition of "disability" is not universal. The specific terms used to define whether you are considered disabled vary significantly between different insurance contracts.
How to apply
- Research different private insurance providers to compare their terms.
- Complete the required health assessment or medical checkup.
- Review the specific definition of disability in your chosen contract.
- Sign the agreement and begin your monthly premium payments.