Disability insurance

Bachelor of commerce (Banking & insurance) Semester VI (Academic year 2013-2014)

Submitted by Poonam somoshi Roll no: 41

Project guide Mrs. Jia makhija

N. E. S. RATNAM COLLEGE OF ARTS, SCIENCE & COMMERCE BHANDUP (WEST), MUMBAI 400078

Disability insurance
Bachelor of commerce (Banking & insurance) Semester VI

Submitted In partial fulfillment of the requirements for the awards of degree of bachelor of commerce banking & insurance

by Poonam Somoshe Roll no. 41 Project guide Mrs. Jia Makhija

N. E. S. RATNAM COLLEGE OFARTS, SCIENCE & COMMERCE BHANDUP (WEST), MUMBAI 400078

Declaration
I, Miss Poonam Somoshe, the student of B.com. (Banking & insurance) semester VI (2013-2014) hereby declare that I have completed the project on Disability Insurance. The information submitted is true and original to the best of my knowledge.

Student

Poonam Somoshi
Name of the student

ACKNOWLEDGEMENT
This project on DISABILITY INSURANCE is a result of cooperation, hard work and good wishes of many people. I would like to thank the University of Mumbai, for introducing Banking and Insurance course, thereby giving the student a platform to abreast with changing business scenario, with the help of theory as a base and practical as a solution. I would sincerely like to thank our Principal Mrs. Rina Saha I would also like to thank our course coordinator Mrs. Riya Rupani, and Project guide Professor Mrs. Jia Makhija for their valuable support and guidance whenever needed and also other professors. I would feel heartiest sense of obligation for our library staff members & seniors who helped in collection of data and materials and also in this processing as well as in drafting manuscript. I would sincerely like to give my heartfelt acknowledgement and thanks to my parents. Any amount of thanks given to them will never be sufficient. Last, but not the least, I would like to thank my friends & colleagues for always being there.

INDEX

Sr. No. 1. 2. 3. 4.

Particulars Disability meaning Disability Insurance Meaning History of Disability Insurance Types of Disability Insurance Defination of Disability Disability Insurance Benifts Disability Insurance Policy Revised Defination of Insurance Disability benefits for Widows and Widowers Introduction of supplemental Security Income Periodic Review of continuing Disability Disability Reforms Disability Amendment Social Security Disability Insurance Supplemental security Insurance Social Security benifs payout Comparison Underwriting Process for Disability Income Insurance Disability of MetLife Insurance Case Study Bibliography

Pg. No. 1 2 3 4 8 9 11 12 14 14 19 21 22 25 30 38 49 53 54 56

7. 8. 9. 10. 11. 12. 13 14. 15. 16. 17. 18 19. 20.