Prices Increasing soon Prices Increasing Soon

Long Term Disability Insurance for Income Replacement

Long-term disability insurance for income replacement is a valuable financial tool to protect against the financial implications of a prolonged inability to work. It is a type of insurance that provides financial protection if you cannot work due to a disability for an extended period. If you experience an illness or injury that prevents you from working, this insurance replaces a portion of your lost income, ensuring that you and your family have a financial safety net during challenging times. 

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Note: Know more about what is term insurance first before reading this article.

What is Long-Term Disability Insurance for Income Replacement?

Long-term disability insurance is a type of income replacement plan that replaces part of your income if you can't work for an extended time due to a disability. It helps you and your family by providing financial support for monthly expenses when you're unable to work. You can buy the most suitable plan per the benefits offered, policy term, and coverage based on a percentage of your pre-disability income. This insurance is designed to maintain your standard of living during challenging times caused by a prolonged inability to work.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

What are the Benefits of Long Term Disability Insurance for Income Replacement?

Long-term disability insurance provides crucial benefits for income replacement in case you cannot work due to a sustained disability. Here are the key advantages:

  • Financial Protection: These plans replace a portion of your income if you cannot work due to a disability, ensuring you have financial support during challenging times.

  • Customizable Coverage: Long-term disability insurance for income replacement can be customised to meet your specific needs, allowing you to choose coverage amount and duration based on your individual requirements.

  • Covers Living Expenses: Long-term disability insurance helps cover everyday living expenses, such as rent, utilities, and groceries, maintaining your financial stability.

  • Medical Bills Coverage: These life insurance plans can assist in covering medical expenses related to your disability, ensuring you can afford the necessary treatments and medications.

  • Secure Retirement Savings: Long-term disability insurance for income replacement helps you avoid dipping into your savings or retirement funds and save your long-term financial goals.

  • Peace of Mind: Knowing you have a financial safety net in case of a long-term disability provides peace of mind for you and your family, reducing stress during difficult periods.

  • Supports Recovery: Having the financial support of long-term disability insurance for income replacement enables you to focus on your recovery without the added stress of worrying about income and expenses.

Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

What are the Key Features of Long Term Disability Insurance for Income Replacement?

Let us take a look at some of the key features of long-term disability insurance for income replacement: 

  • Coverage Amount: You can choose a coverage amount based on your current annual income, ensuring a personalized level of financial protection. You can use a human life value calculator to estimate the right life cover suitable for your profile.

  • Policy Period: You can select the suitable policy term as per your needs. Some insurance plans offer coverage for the whole life (till 99 or 100 years of age).

  • Premiums: The premiums for the long term disability insurance for income replacement are similar to term insurance and can be paid monthly or annually and vary based on factors like age, health, occupation, and coverage amount.

  • Exclusions and Limitations: This outlines the disabilities or conditions that are excluded from the long term disability insurance for income replacement coverage and any limitations on benefits.

Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.

Wrapping it Up!

Long term disability insurance for income replacement can ensure your family’s financial protection in case of an eventuality like a partial or permanent disability during the policy term. Therefore, you can select the most suitable income replacement plan to protect your loved ones financially.

Note: Check out the best term insurance plan in India and choose one that suits your requirements.


Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
13 Jun 2024

Kotak TULIP

Kotak T.U.L.I.P (Term with Unit Linked Insurance Plan) is a

Read more
05 Jun 2024

Why Should You Consider Inflation When Buying a...

The retail inflation of India rose to 5.69% in December 2023

Read more
29 May 2024

Term Insurance for Individuals with 25K Salary

Securing your family's future is essential, especially when

Read more
28 May 2024

'Har Family Hogi Insured' Policybazaar's Vision...

Empowering Every Household: policybazaar's Commitment to

Read more
23 May 2024

Term Insurance for Individuals with a 35K Salary

Securing your financial future is essential, especially when

Read more
28 May 2024

'Har Family Hogi Insured' Policybazaar's Vision...

Empowering Every Household: policybazaar's Commitment to Nationwide Coverage In a visionary move towards a

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
13 Apr 2021

2 Crore Term Insurance Plan

2 Crore term insurance provides cover amount of 2 Crore as death benefit to your family in the event of your

Read more
07 Mar 2023

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus is a comprehensive life insurance policy for individuals

Read more
Need Help? Request Callback
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL