Types of Disability Insurance Policies

These insurance policies are broadly classified under two main categories:

- Short term disability insurance policies – These policies mainly provide coverage for the first few weeks of disability. Generally, they have an upper cap of around two years beyond which no coverage is provided to the insured person. These are mainly provided by the employers as a part of benefits package which they offer to their loyal employees.

- Long term disability insurance policies – These policies extend their coverage for a longer period of time, may be several years. These are not provided by many employers, but they are beneficial for almost every prudent individual.