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*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers
*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*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
+91
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

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

Written By: PolicyBazaar
You May Also Like
  • How to Check LIC Policy Status, Details, Statement via Online/SMS/Call

    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, due to time constraints or negl...

    read more
  • LIC Premium Payment Online 2022

    LIC Online Premium Payment The Life Insurance Corporation of India is one of the most recognized and trustworthy names in the Indian life insurance industry. LIC, established in 1956, has been providing various insu...

    read more
  • How to Check PLI Status?

    How to Check PLI Status? Dating back to February, 1884, PLI (Postal Life Insurance) is one of the oldest life insurers in the country. Started as a welfare scheme to provide benefits to the employees of the Postal dep...

    read more
  • LIC Login: LIC Customer Login Process at Online Portal

    The LIC login portal is user-friendly. With the LIC online login facility, customers can easily avail themselves of the different facilities at the comfort of their homes or offices from anywhere in the world. All yo...

    read more
  • Life Insurance: Checking Policy Status

    Life Insurance: Checking Policy Status Buying life insurance policy is the first step towards building a corpus amount for the future. It takes many permutations and combinations to actually choose a life insurance po...

    read more

Life insurance articles

Recent Articles
Popular Articles
Kotak Life Insurance Claim Process

12 Jan 2022

Kotak Life Insurance is one of the fastest-growing insurers in...
Read more
Life insurance for Special Needs Child

10 Jan 2022

Every parent worry about their children’s future, but when...
Read more
Life Insurance Tax Benefits in India

28 Dec 2021

Purchasing a life insurance plan these days is essential for...
Read more
Difference Between Annuity and Life insurance

28 Dec 2021

Staying well-versed about how life insurance and annuities work...
Read more
Divorce Decree vs. Life Insurance Beneficiary

28 Dec 2021

A divorce is an event that takes a toll on both the parties...
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
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
Surrender Value in Insurance
Surrender Value in Insurance Have you bought a life insurance policy which is not as per your requirement? Are you...
Read more
LIC Premium Payment Online 2022
The Life Insurance Corporation of India is one of the most recognized and trustworthy names in the Indian life...
Read more
Life Insurance: Checking Policy Status
Life Insurance: Checking Policy Status Buying life insurance policy is the first step towards building a corpus...
Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL