In an episode of Satyamev Jayate, it was shown how disabled in India face problems in meeting their requirements. Although there are real life stories too where a disabled individual has beaten all odds to live a common man life , the situation do remain a concern which is much higher in families who have got a special need member.
Worldwide life insurance companies also works for the benefit of special needs. Companies like Met Life USA have dedicated advisors who specializes in advising such families. However, India has to go very far. Nevertheless, LIC made a good start in 1996 by launching Jeevan Adhar –a life insurance plan for disabled dependents. Later the company came out with Jeevan Vishwas for the benefits of families not able to take advantage from Jeevan Aadhar. With an objective to provide regular income for meeting the needs of disabled, these plans are the only options in our country today.
Here is a brief review of these two products and when they are considerable for Special Need families: