ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Disability insurance is intended to replace a portion of the income you lose as a result of your inability to work. It ensures that you can fulfil your financial obligations when you are unable to work, such as paying bills, covering domestic expenses, and providing for your family.

Detailed explanation-2: -A disabling injury is a work-related injury or illness that impairs the body’s functioning or prevents an employee from carrying out their usual work duties.

Detailed explanation-3: -sickness, temporary incapacity for work resulting from such a condition, total or partial loss of earning capacity, likely to be permanent, and. the loss of support suffered by dependents as the result of the death of the breadwinner.

Detailed explanation-4: -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.

Detailed explanation-5: -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).