Disability insurance ( TPD Insurance )ensures that policy holders can pay their bills and run their household even when they cannot work. This type of insurance plan protects people when they are injured or have fallen ill due to certain conditions. Since different insurance companies offer coverage for different illnesses, buyers should find out which illnesses are covered by the selected insurance company before buying a disability cover.
 

Is disability insurance the same as critical illness cover?

No, disability insurance is not the same as critical illness cover. In the case of disability insurance the policy holder is given compensation payments periodically if he qualifies where as in the case of critical illness insurance the policy holder is given a lump sum payment after he is diagnosed or after he recovers from certain life threatening illnesses.
 

How's life insurance different from tpd insurance?

The policy holder will not get a compensation amount when something happens while he is alive, instead his family will receive a lump sum payment when the policy holder passes away either due to an accident or due to natural death.



Do I have to opt for a separate disability insurance cover?

Some insurance companies offer total and partial disability insurance as add on feature if the policy holder has taken a life insurance plan from the same company.



How much does this insurance plan cost?

Disability insurance is not very expensive and many insurance companies offer rebates, cash backs or other deals to help people get insured