Quick Financial Guide For Differently-Abled People

“The only disability in life is a bad attitude”
Gone are those days when disability was considered a social taboo in India. Thanks to various
financial and insurance schemes launched in the market, the complete scenario has undergone a tremendous change.

Read more
Get ₹1 Cr. Life Cover at just ₹449/month+
Term Insurance plans
Save more with upto 10% discount
Covers COVID-19
Policybazaar is
Certified platinum Partner for
Claim Settled

+Tax benefit is subject to changes in tax laws. +Standard T&C Apply

++Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines

Get ₹1 Cr. Life Cover at just ₹449/month+
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
We are rated
58.9 million
26.4 million

Let’s understand different financial products which are specially designed for differently-abled people.

Insurance Policies

LIC has launched two insurance plans- Jeevan Adhar-Whole life and Jeevan Vishwas- Endowment Assurance that covers the life of a person who has handicapped dependants. Handicapped dependent (s) will get a lump-sum either on maturity and death of the policyholder. 

On the health insurance side, physically disabled people can buy a health insurance after medical tests. Disorders that are too general like learning or speech disability or someone with an amputated foot are usually accepted without test. The National Trust has launched ‘Nirmaya’, an insurance scheme for people facing diseases like autism, cerebral palsy, mental retardation, multiple disabilities (sclerosis). It covers various OPD treatments for pre-existing ailments from Day 1. Also, it offers a group life insurance for parents, guardians and supporters of people with autism, mental retardation and multiple disabilities. In group, Rs 10 lakh coverage is given to guardian.

Discounted Interest Rates for Disabled People

The government offers loans at concessional rates to meet divergent needs like buying vehicle, higher studies, setting up own venture etc. The loan structure is detailed below

Loan Amount  Interest Rate
Up to Rs 5 lakh 5%
Above Rs 50 thousand and up to Rs 5 lakh 6%
Above Rs 5 lakh 8%

Further, a rebate of 1% is given to disabled women in all schemes of the government. Besides this, various welfare development services ranging from scholarships, skill development to rehabilitation etc; are launched for disabled people.  

Special Aadhaar Card

The Unique Identification Authority of India (UIDAI) has eased out the norms of biometric data entry for physically challenged people. The government has also started a special mobile van to enroll them for Aadhaar Card. 

Visually impaired and people can also buy insurance and investment products. Companies use software that reads out the policy to them. Fortunately, the visually-impaired can use automated teller machines (ATMs). Banks like Union Bank of India have set up talking ATMs, where both the card reader and card slot are Braille- supported.

Disability is NOT Inability

Types of Term Plans

Life insurance articles

Recent Articles
Popular Articles
Post Office Gram Suraksha Scheme Calculator

27 Jun 2022

A Post Office Gram Suraksha Scheme calculator is a useful online...
Read more
What happens if you stop paying life insurance premiums?

03 Jun 2022

Buying the best life insurance plan is a wise and learned...
Read more
Postal life Insurance Tax Benefits

26 May 2022

Postal Life Insurance is the oldest life insurer in the country...
Read more
How to Download PLI Statement Online?

24 May 2022

PLI or Postal Life Insurance was an initiative originally...
Read more
Is Life Insurance an Investment?

24 May 2022

The thumb rule to building wealth is to invest your money in...
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However...
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is not only about the financial protection of the family but also about working for life’s...
Read more
How to Cancel SBI Life Insurance Policy?
As per the Insurance Regulatory and Development Authority, you can cancel a life insurance policy taken within 15...
Read more
Post Office Gram Suraksha Scheme Calculator
A Post Office Gram Suraksha Scheme calculator is a useful online tool that can be accessed free of cost. It helps...
Read more
PLI Surrender Value Calculator
PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI...
Read more

View Plans
Download the Policybazaar app
to manage all your insurance needs.