Disability

Protect you and your income through our expert brokers

What is
Disability Cover ?

Disability insurance provides financial support to policyholders who become disabled and are unable to work, either temporarily or permanently. This support comes in the form of regular income replacement payments. A client might take out a disability insurance policy to secure financial stability in case they become disabled and unable to earn an income.

Keep in mind that disability insurance is different from critical illness insurance policys, as it focuses on providing income replacement when you're unable to work due to disability rather than paying a lump sum upon the diagnosis of a specific critical illness.

How disability insurance works

Purchase a policy

When purchasing a disability insurance policy, you will select the cover amount (typically a percentage of your pre-disability income)

Waiting period

The waiting period is the time between the onset of disability and when the benefits start

Claim initiation

If you become disabled and meet the policy's definition of disability, you must submit a claim with the necessary medical documentation to the insurance company.

Benefit payments

Once your claim is approved, the insurance company will begin making regular payments to you, replacing a portion of your lost income. These payments will continue for the duration of the benefit period specified in the policy or until you are no longer considered disabled.

Rehabilitation and return to work

Some disability insurance policies may include provisions to cover rehabilitation costs or provide incentives for policyholders to return to work, such as partial disability benefits or a gradual decrease in benefits as you transition back to your job.

Policy termination

Disability insurance policies generally remain in force as long as you continue to pay premiums and meet the policy's terms and conditions. The policy may terminate when you reach a specific age (often 65) or retire

Why do you need a
MBFS Personal Lines Insurance Broker

01

Expertise and tailored advice

Our Broker understands the intricacies of different policies and covers. They can assess your unique needs and risk profile, recommending the most suitable insurance options for your home, car, valuables, and other personal belongings. This personalised approach ensures you are not overpaying for unnecessary cover or underinsured in critical areas.

02

Competitive quotes and cost savings

Our Brokers have access to quotes from multiple insurance companies, allowing them to compare rates and negotiate on your behalf. This can often lead to significant cost savings compared to dealing directly with individual insurers.

03

Streamlined claims handling

Dealing with insurance claims can be stressful and time-consuming. Our Brokers can navigate the claims process for you, advocating on your behalf with the insurance company. They can assist in gathering documentation, filing claims, negotiating settlements, and ensuring you receive fair compensation.

04

Ongoing support and maintenance

You develop a trusting relationship with your broker, who becomes a dedicated advisor understanding your business needs and evolving alongside it. Having a dedicated professional representing your interests provides peace of mind, knowing you have an expert looking out for your business's well-being. They proactively communicate about upcoming renewals, potential risk changes, and market updates, keeping you informed and involved in your insurance decisions.