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Several types of disabilities insurance exist and people or the insurance companies do try to take advantage of it. Firstly we would discuss the bottom disability insurance and its advantages and disadvantages. Residual disability is one of the types of disability insurance which leaves a person with minor advantages but for a long period.
There is a comparison going on between residual disability vs partial disability because they both have their differences and however have similar advantages. Such as partial disability do have a large benefit but it is also called short term disability insurance because you have an injury such as a broken bone which will heal or even if you have some kind of disease such as jaundice it would eventually heal in like a year or in 4 months so that is why it has a short term advantage.
Since it is a short-term disability the insurance companies lookout for the details and the income of how much a person was earning before the injury occurred to them. So according to that the insurance company calculates the amount according to their insurance policy some often do take out their advantage as well.
Afterward, with all the calculations, they would provide the injured person with the amount of the lost income. It can be a disadvantage as well since if you look at Asian countries there is a high amount of inflation going on over there and every company is raising their fee or the product they are selling. Moreover, if we talk about residual disability vs partial disability so if a person even takes short-term insurance they would probably be with nothing depending on how much do they earn.
However, if we look at the competition of residual disability vs partial disability both have the same downfall on the path even though a residual company has the advantage since if a person is facing a major bone breakdown or bone surgeries which take up to at least two to five years so the insurance company does provide with a large amount of money but it still does depends on the income of a person that how much do they earn and how are they injured. It is not like the insurance companies have kept a specific amount of money for everyone many insurance companies know very well that they would easily get bankrupt by that policy.
Moreover, if we talk about dominating insurance rather than talking about the residual disability vs partial disability is the total disability insurance where a person gets completely crushed and is unable to do anything and is admitted to the ICU or in a coma so here comes the total disability insurance where the person family gets a large amount of money and there is no deeply calculations made and simply given to the family to support them in every way so that is how every insurance companies work according to their policy or not. You can even check multiple websites which show the experts talking on residual disability vs partial disability.