ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Elimination The elimination period is the period of time you must be continuously Perlod disabled before long term disability benefits are payable. For disability due to injury, the elimination period is 180 days, For disability due to sickness, the elimination period is 180 days.

Detailed explanation-2: -Under most disability insurance policies, you must wait a period of time before the insurer will pay out your benefits. This waiting period is called the elimination period. Most short-term disability policies have an elimination period of between 0 and 14 days.

Detailed explanation-3: -Elimination period is a term used in insurance to refer to the time period between an injury and the receipt of benefit payments. In other words, it is the length of time between the beginning of an injury or illness and receiving benefit payments from an insurer.

Detailed explanation-4: -The “Elimination Period” Definition The Elimination Period is defined as the period starting from the day you first become disabled and continuing for the period noted in the policy. This may be 90 days or 180 days or whatever the policy calls for. No Benefits Paid: During the EP, no benefits are paid.

Detailed explanation-5: -The Waiting Period is the time beginning when a contract is issued and ends when the contract owner can begin to receive benefits. The Elimination Period is the period of time that begins at some point after the Waiting Period is over and when the contract owner incurs a benefit trigger event.