Permanent total disability is coverage offered in the Group Personal Accident Insurance Policy. PPD is defined as a type of disability which is permanent in nature and irrecoverable in the lifetime of a person. The disability should happen due to an accident and under this disability, the policyholder is prevented from engaging into any type of gainful employment. For example – paralysis, loss of both the limbs etc. The disability should last for 180 days minimum before the eligibility can be considered for the applicable benefit.
Generally, the compensation paid varies from company to company. Most of the company pay compensation of 100% of the sum insured. However, there are certain companies which offer higher compensation ranging from 125% to 200% of the sum insured.
Examples of Permanent total disability is: