Short-term disability insurance in India was hard to come by until recently. Asinta’s Partner in India, Prudent, introduced their own employee income protection plan (short-term disability) to the Indian market in October 2021. It’s the first such plan in the Indian insurance marketplace.
This plan provides an aggregate limit for 3 months’ pay per employee who faces the loss of pay due to defined medical contingencies leading to hospitalization. For leaves opted due to a spouse’s illness, the monthly payment is restricted to 50% of the eligible amount. A minimum group size of 1,000 lives is required to offer this plan.