Disability Income Continuation

1
Disability Income Continuation

• Compensation Management

2
Disablities

• Disablity can be classified as regular temprary
  total or partial
• When Employees are unable to work due to some
  disability after an accident on Job or outside
  some organization continue to pay them

3
Short Term Disablity

• Organization pay the employee while emploee
  remains absent from work due to some accident
• Mostly insurance covers the medical expanses but
  pay is given to keep the kitchen of household
  alive

4
Long Term Disability (LTD)

• Long term disability insurance is needed as when
  Employees are disabled permanently or for a long
  period they need extra funds for medical as well
  as household
• This some times is tied up to pension also

5
Workers Compensation

• State Laws require that Ocupational Disablity
  Insurance must be provided
• When some one is disabled while performing
  his/her Job

6
Non-occupational Temporary Disability

• Some governments and organizations also give
  compensation for disability that arise form Non
  Occupational or from outside injury or illness
• Employee receives certain benefit or pay as
  he/she may not be able to continue working

7
Social Security

• This also relates to permanent total or partial
  disability
• Governments require the organizations or the
  social Security System to pay a certain amount to
  such employees
• In Pakistan Social security is governed by law
  for lower level workers

8
Travel Accident Insurance

• Organizations provide Travel Insurance plans for
  employees whose jobs involve traveling from place
  to place
• This can be a temporary benefit while employee is
  traveling or long term

9
Other Incomes

• Sick Leaves
• Supplimental Disablity Insurance
• Accidental Death or Dismemberment
• Group life Insurance
• Retirement Plans