“It may never happen to me.” It’s the sentiment that most employees share when it comes to disability income insurance.
Disability income (“DI”) insurance provides the insured individual with a monthly payout should the insured individual lose their ability to work for an extended period due to accident, injury or illness.
During the period when the individual is unable to work due to their disability, they will receive income on a monthly basis, and the amount payable is pre-selected by the life insured as sum assured when they took up the policy.