What Are the Different Types of Disability Insurance?

Types of Disability Insurance Policy

Who Is Eligible for a Disability Insurance Policy?

Why Is a Disability Insurance Policy Important?

Things to Keep In Mind When Buying a Disability Insurance Policy

FAQs on Types of Disability Insurance

How is disability insurance different from a rider?

A disability insurance rider provides only added coverage that is included with some other plans. However, a disability insurance policy offers comprehensive coverage that is highly reliable during crucial moments.

What are the exclusions of disability insurance policies?


The exclusions under the disability insurance policy are as follows:

  • Disability due to normal pregnancies, war, suicide attempts, and so on.
  • Any disability caused due to incarceration.
  • Disability due to pre-existing medical conditions.

What are the documents required for the settlement process of a disability insurance plan?


The claim settlement process of a disability plan requires the following documents:

  • Essential hospital bills
  • Discharge form from the hospital
  • An incapacity certificate that the members of the medical board issue.

What are guaranteed renewable and non-cancellable disability insurance?


In the case of a guaranteed renewable policy, you can renew and increase your premiums during the policy duration for better coverage.

Non-cancellable disability insurance premiums are those the insurance company cannot cancel unless the policyholder stops paying premiums on time.