ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Disability insurance, as the name implies, is a sort of insurance that pays out if a policyholder is unable to work and earn an income due to a disability. In case of an accident or disease, such a policy can protect you financially if you become disabled as a result of it.

Detailed explanation-2: -Short-Term and Long-Term Disability Insurance If you cannot work because you are sick or injured, disability insurance will pay part of your income. You may be able to get insurance through your employer.

Detailed explanation-3: -Total Permanent Disability (TPD), is a state where a person is unable to work due to prolonged illness or bodily injuries because of an accident. For example, loss of limbs, eyesight, or speech. Opting for a TPD insurance cover can support your family and loved ones in such adverse times.

Detailed explanation-4: -Disability benefits refers to money available from the government for people with disabilities. These benefits are available under Title II of the Social Security Act as Social Security Disability Insurance (SSDI), and under Title XVI of the Social Security Act as Supplemental Security Income (SSI).

Detailed explanation-5: -money that is paid by the government to someone who cannot work because of an illness, injury, or medical condition: If your injuries are bad enough, you will have to claim disability benefit.