MANAGEMENT

Detailed explanation-1: -There are two basic types of disability insurance: Short-term and long-term. Both provide a benefit that replaces a portion of your income, ranging from 50% to 80%. That money can be used for living expenses, repaying loans, or even put into savings.

Detailed explanation-2: -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-3: -Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary’s earned income against the risk that a disability creates a barrier for completion of core work functions.

Detailed explanation-4: -Then we examine in greater detail the three most important types of insurance: property, liability, and life.