According to the Time Payment of Claims provision, how frequently must an insurer pay Disability Income benefits?

The Time Payment of Claims provision is a key aspect of health insurance that specifies how frequently benefits are to be paid to the policyholder. In the case of Disability Income benefits, the standard requirement is for insurers to make these payments on a monthly basis.

This monthly payment provides a consistent and stable source of income for individuals who are unable to work due to a disability, ensuring that they can meet their financial obligations. Monthly payments align with common budgeting practices, making it easier for beneficiaries to manage their resources effectively during their recovery or adjustment period.

While other frequencies such as weekly, bi-weekly, or quarterly may be options for different types of benefits or policies, the prevailing standard in Disability Income insurance is indeed monthly payments. This is designed to offer a reliable financial support system during the duration of the disability.