Työkyvyttömyysvakuutuksen

Työkyvyttömyysvakuutus, known in English as disability insurance, is a type of insurance that provides financial protection to individuals who are unable to work due to illness or injury. This insurance is designed to replace a portion of lost income, helping to cover living expenses and other essential costs during periods of disability. In Finland, it is often referred to as työeläke, or pension, when it concerns long-term work incapacity.

There are typically two main types of työkyvyttömyysvakuutus: temporary and permanent. Temporary disability insurance provides benefits for a limited period, while permanent disability insurance offers benefits for the duration of the disability. The specific terms and conditions of a policy, including the definition of disability, the benefit amount, and the payout period, can vary significantly between different insurance providers and policy types.

Eligibility for benefits usually requires a medical professional to certify that the individual is unable to perform their usual work or any other suitable occupation due to a health condition. The waiting period, the amount of previous work history required, and the age of the insured person can also influence eligibility and benefit levels. Työkyvyttömyysvakuutus can be obtained through employers as part of employee benefits packages or purchased individually. It plays a crucial role in providing a safety net for individuals and families facing the financial challenges associated with an inability to work.