Why should you opt critical illness insurance or disability insurance policy.
One of my friends In chandigarh who was a senior bank official had to go for leg amputation . He was a diabetic. One morning he was traveling by two wheeler scooter
.A tractor trolley was coming from the wrong side . He was hit by the trolley. His leg was crushed under the trolley wheel . . Unluckily the gentleman did not have enough Disability insurance .
It is surprising that lot people have life insurance policy but do not have enough disability insurance But a disability insurance policy can be far more important in such cases.. It is very important because he is living but can not work.. He needs support for family also. A good disability insurance policy can be very beneficial.
If you see the statistics of disability , the number of persons who become disabled due to accidents or some malignant physical disease, is a pain to know. Some companies do give disability insurance cover , but most of times it is for a short period or may be only for a short periods of employment .
I will give more information in the second part.
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