Which type of insurance comes to cover the financial gap that can be created in the event of a serious accident or health problem that puts the insured out of the labor market?
YIANNIS VERMISSO
24/04/2024 09:30:29
A major health problem, which can be treated based on the coverage of the insurance policy, can sometimes have a difficult follow-up.
One serious accident that needs recovery time or the avoidable for everyone such as a disability or anything that can contribute to the exit of the sufferer from the labor market, is something that signals a different situation and needs a different treatment as the new fact is the inability to work of the patient.
What options does the insured have in this case? The economic impact of the disease is heavy. The inability to inflow income as the sufferer is unable to work begins to have a knock-on effect on the patterned flow of things before the event occurs. Even in the cases of a disability pension that someone may receive, clearly the amount of the pension may not be sufficient to continue what was already in progress, for someone suddenly unable to work. And behind this injured person may be the family and others financial needs that the income will no longer cover.
The gap in revenue loss that will be created is large. Things are much more serious if there is loss of life in addition to permanent total or partial disability.
All of the above is subject to a process of care or welfare that everyone, depending on their own data, can plan to cover the gap that may arise. In simple words, it is of particular importance to ensure the income that one will not be able to produce in the event of a serious accident.
The health contract only covers hospital expenses where it covers according to the conditions. But the major issue in these cases is the income that will not be able to be produced afterwards. But here comes the private insurance which gives insurance policies where the owner and his relatives can “create” with their insurance consultant and cover the loss of income from permanent total or partial disability as well as from the last event of loss of life.
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Tags: insurance policy covers loss income due illness accident
