Question

How is disability handled in group insurance schemes in some developed countries?

a.

Disability provisions are offered for all employees regardless of their salary level.

b.

Disability coverage continues for up to 6 months if the employee receives a regular salary.

c.

Disability coverage is not offered at all, regardless of the employee's circumstances.

d.

Disability coverage is extended indefinitely if the employee remains on the company's payroll.

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Disability coverage continues for up to 6 months if the employee receives a regular salary. Explanation:In some developed countries, disability in group insurance schemes is handled by offering disability coverage for up to 6 months if the employee continues to receive a regular salary. This approach provides temporary financial protection for employees who become disabled and are unable to work for a limited period. After the specified period, if the disability persists, further arrangements may be made, such as long-term disability insurance or other forms of assistance.

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Q. How is disability handled in group insurance schemes in some developed countries?
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