Disability

Insurance

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:::: Index:
Sr.N topic

Page

o
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.

Introduction to insurance
History to insurance
Introduction to disability insurance
Causes and statistics of disability
disability insurance facts
Pros and cons of disability insurance
disability benefits programs
Types of disability insurance
Cost of disability insurance
Claims in disability insurance
disability insurance in western

no.
1
2-8
9-13
14-20
21
22
23-25
26-34
35-38
39-42
43-55

12.
13.

country/in India
Finding the right disability policy
bibliography

56-57
58

METHODOLOGY
This project is prepared with the combination of theoretical knowledge as well as practical
knowledge and a blend of advices and suggestions from the Research Guide of the project
.Various books helped me out in extracting the theoretical ingredient.
For doing anything rightly, it is necessary that one follows the correct method otherwise he
wont be able to achieve his goal properly. Hence how you do things is very important, that
have you done things? How fast have you done things? While making this project it was
important to give due importance to the method of collecting the data for achieving the goal.
This project is a research based project and the information presented in the project is
collected with the help of primary and secondary data.

EXECUTIVE SUMMARY
Disabilty insurance is a form of insurance that insures the
beneficiarys earned income against the risk that will make working (and
therefore earning) impossible.
In todays world most people insure their material
possessions their homes and cars , for example.but many of these same
people dont insure what is probably their most valuable asset-their ability
to work and earn income.
Many professionals and business people think

theyre

exempt from the possibility of becoming disabled.but any person can

become disable at time.
If one becomes sick or injured and cant work ,will he be able
to pay his bills and maintain his standard of living? If he depends on his
income to pay the bills then he needs to seriously consider buying
disability income insurance.
Disability income insurance can help one pay his bills by
replacing a portion of his income. It can help him maintain his current
lifestyle and help protect him and his family from going into serious debt.
The types of disability insurance are long term disability ,short term
disability,
insurance.

individual

disability

,group

disability,

disability

buy

out

Disability insurance policies are still not familiar to Indian

people. Though they prefer taking life insurance but they have negated
the fact that disability insurance is equally important. Disability can come
to a person anytime in his life and that can seriously hamper his earning
capacity.

OBJECTIVES
To find out disability insurance and which companies are
involved in it.
To know what are the trends in disability insurance.
To find out development in disability insurance.
To find out procedure of claims.

In 6th Semester I am doing project on disabilty insurnace in

insurance sector. I have chosen this topic to get more overview
knowledge about disability insurance in insurance sector. This
topic will increase my knowledge and will be benefited to my
career.