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21 November, 05:33

Most group Disability Income contracts are offered on a/an:

A. Contributory basis

B. Noncontributory basis

C. Nonoccupational basis

D. Occupational basis

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  1. 21 November, 05:37
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    Answer is option C, i. e. Nonoccupational Basis.

    Explanation:

    When an injury is caused due to accidents while in the occupational role, then many organizations provide for the contract that is also considered as a form of insurance to cover the loss of the injury, that has resulted as a result of an occupational accident. These insurance are commonly known as Disability Income contracts or disability insurance. These are sanctioned to a person who has lost his/her occupation due to the injury caused in the accident while at work. Hence, the answer is option C.
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