Disability Insuran

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1.Introduction to insurance1

2.History to insurance2-8

3.Introduction to disability insurance9-13

4.Causes and statistics of disability14-20

5.disability insurance facts 21

6.Pros and cons of disability insurance22

7.disability benefits programs23-25

8.Types of disability insurance26-34

9.Cost of disability insurance35-38

10.Claims in disability insurance39-42

11.disability insurance in western country/in India43-55

12.Finding the right disability policy56-57

13.bibliography58

METHODOLOGY

This project is prepared with the combination of theoretical knowledge as well as practical knowledge and a blend of advices and suggestions from the Research Guide of the project .Various books helped me out in extracting the theoretical ingredient.For doing anything rightly, it is necessary that one follows the correct method otherwise he wont be able to achieve his goal properly. Hence how you do things is very important, that have you done things? How fast have you done things? While making this project it was important to give due importance to the method of collecting the data for achieving the goal.This project is a research based project and the information presented in the project is collected with the help of primary and secondary data.

EXECUTIVE SUMMARY Disabilty insurance is a form of insurance that insures the beneficiarys earned income against the risk that will make working (and therefore earning) impossible. In todays world most people insure their material possessions their homes and cars , for example.but many of these same people dont insure what is probably their most valuable asset-their ability to work and earn income. Many professionals and business people think theyre exempt from the possibility of becoming disabled.but any person can become disable at time. If one becomes sick or injured and cant work ,will he be able to pay his bills and maintain his standard of living? If he depends on his income to pay the bills then he needs to seriously consider buying disability income insurance. Disability income insurance can help one pay his bills by replacing a portion of his income. It can help him maintain his current lifestyle and help protect him and his family from going into serious debt. The types of disability insurance are long term disability ,short term disability, individual disability ,group disability, disability buy out insurance. Disability insurance policies are still not familiar to Indian people. Though they prefer taking life insurance but they have negated the fact that disability insurance is equally important. Disability can come to a person anytime in his life and that can seriously hamper his earning capacity.

OBJECTIVES To find out disability insurance and which companies are involved in it. To know what are the trends in disability insurance. To find out development in disability insurance. To find out procedure of claims.

In 6th Semester I am doing project on disabilty insurnace in insurance sector. I have chosen this topic to get more overview knowledge about disability insurance in insurance sector. This topic will increase my knowledge and will be benefited to my career.