Everything about the List of Diseases that Quality for Disability

Medical Conditions that Qualify for Disability

List of Medical Conditions Covered Under Disability Benefits

What Documents Are Needed for Disability Insurance?

How to Get a Disability Certificate?

Frequently Asked Questions

Is disability insurance beneficial for accidents?

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No, long-term disability insurance policies are not advantageous as accidental covers. They mainly opt for illnesses.

What are the exclusions of disability insurance?

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The exclusions of disability insurance policies are as follows: 

  • Any disability owing to incarceration
  • Disabilities caused due to suicide attempts, accidents, or wars 
  • Any pre-existing disease

What are the age criteria for opting for a disability insurance policy?

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Generally, the minimum and maximum age limit to avail of a disability insurance policy range between 18 years and 70 years. However, this age criterion varies from one insurance provider to another.

What amount is considered for a disability insurance policy?

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As per the terms and conditions of the disability insurance policy, an insured amount is equivalent to 60% of your total income after tax deduction.

Disclaimer

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  • This is an informative article provided on 'as is' basis for awareness purpose only and not intended as a professional advice. The content of the article is derived from various open sources across the Internet. Digit Life Insurance is not promoting or recommending any aspect in the article or its correctness. Please verify the information and your requirement before taking any decisions.
  • All the figures reflected in the article are for illustrative purposes. The premium for Coverage that one buys depends on various factors including customer requirements, eligibility, age, demography, insurance provider, product, coverage amount, term and other factors
  • Tax Benefits, if applicable depend on the Tax Regime opted by the individual and the applicable tax provision. Please consult your Tax consultant before making any decision.

Latest News

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14-03-2025

Life Insurers See 5.7% Premium Growth: April-Feb Report

In February, life-insurance companies saw an 11.6% drop in new business premiums (NBP) due to a 22% decline in premiums from state-owned LIC. However, from April to February FY25, overall premiums grew by 5.71% to Rs 3.35 trillion. LIC's premiums increased by 1.90% to Rs 1.90 trillion, while private insurers saw an 11.11% growth, reaching Rs 1.46 trillion.

04-03-2025

Life Insurance Agents Surge: 3 Million in 2025

Volkswagen India will launch the Golf GTI and Tiguan R-Line by the end of Q2 2025. The Tiguan R-Line, unveiled in 2023, features aggressive styling, larger 19-inch alloy wheels, and LED light bars. Inside, it boasts a 12.9-inch touchscreen, 10.3-inch digital instrument console, and ambient lighting. Powered by a 2.0-litre turbo-petrol engine with 261bhp and 400Nm, it offers six-speed manual and seven-speed DCT automatic transmissions.

19-02-2025

Life Insurance: FDI Boosts Growth Potential | 2025 Update

The Indian life insurance sector is set to grow significantly with the government's decision to raise the Foreign Direct Investment (FDI) limit to 100%. This move will provide the necessary capital for industry expansion, allowing insurers to increase mortality coverage and market penetration. Private insurers have already seen a notable rise in retail sum assured, outpacing new business premiums. The shift to unit-linked investment plans (ULIPs) may pressure margins, but increased capital inflows will help meet the growing demand for coverage.

12-02-2025

Budget 2025 Brings Changes to ULIP Taxation

The Union Budget 2025 has redefined the taxation landscape for Unit Linked Insurance Policies (ULIPs). Starting April 1, 2026, ULIPs with annual premiums exceeding ₹2.5 lakh will be classified as capital assets, subjecting their gains to capital gains tax rather than treating them as income from other sources. This amendment aims to align ULIP taxation with other equity-oriented investments, ensuring a uniform tax treatment across financial products. Policyholders are advised to reassess their investment strategies in light of these changes to optimize their tax liabilities.

02-02-2025

New Tax Rules for Life Insurance Premium

Starting April 1, new income tax rules will impact ULIPs and other life insurance policies with premims over 5 lakh will no longer enjoy tax-free maturity benefits under Section 10(10D). This move aims to align insurance with genuine risk coverage rather than high ticket investments. Smart investors might now explore alternate tax-saving strategies!

13-12-2024

Retail Inflation Drops to 5.5% in November

India's retail inflation eased to 5.5% in November from a 14-month high, due to moderating food prices. Industrial output increased modestly by 3.5% in October. Despite the slowdown in food inflation, vegetable and edible oil prices remain high. Experts anticipate a potential rate cut in February if the trend continues. Monitoring urban demand is essential, though rural demand shows improvement, aiding agricultural production.

12-12-2024

Policyholders Now Get Increased Surrender Value

The new business premium of life insurers was Rs 377,960 crore in the fiscal year ending March 2024. Starting October 1, policyholders will receive higher refunds if they discontinue their policies, as per new IRDAI regulations. This change may lead to increased premiums, impacting insurers' margins. Policies must comply with the new surrender value norms by September 30. Despite initial opposition, the changes aim to improve customer benefits and are expected to positively impact the insurance industry over time.

10-12-2024

Premium Costs for Life Insurance Decrease in November

In November 2024, new business premiums (NBP) of life insurance companies fell by 4.5% year on year (YoY) to Rs 25,306.56 crore, mainly due to a 27.17% drop in LIC's premiums. However, private insurers saw a 30.84% YoY growth in NBP to Rs 13,555.45 crore. Revised surrender value norms, effective October 1, led to enhanced special surrender values for policyholders. Despite the overall decline, private sector growth improved, cushioning the fall. The life insurance industry saw a 15.7% YoY growth in NBP during April–November 2024.

19-11-2024

The Importance of First Aid in Dengue Management

Starting next year, Punjab's health department will educate 20 lakh students from schools and colleges on detecting dengue larvae and providing first aid. This initiative aims to enhance community prevention efforts and has already led to a 70% decrease in dengue cases this year. Additionally, around 50,000 medical and nursing students will be trained in detecting non-communicable diseases. The Ludhiana Civil Hospital is set to become a state-of-the-art facility by January next year.

18-11-2024

Top Prize for Mumbai's Quick Mpox Testing Innovation

Dr. Shyam Sundar Nandi, a scientist from the National Institute of Virology, was recognized by India's top medical research body for creating a rapid molecular test that diagnoses mpox in an hour. He received the award at the Health Research Excellence Summit in Delhi. Additionally, he was praised for pioneering the use of gene-editing technology to enhance polio safety protocols in research labs, ensuring India's continued polio-free status through innovative CRISPR techniques.

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