In insurance terms the risk of suffering a disability is best described as what type of risk?
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Financial. Not just a loss of life but an accident can change a life forever.
The results of an accident can be recurring and may cause life-threatening damages to the social and financial position of a person.
Permanent disability may not only result in an income loss but may also have an impact on the morale of an individual.
It can be safeguarded amply by having a risk insurance cover that can protect a person till he is alive and that too at an affordable rate.
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