Rehabilitation Benefit
Definition of "Rehabilitation benefit"
Sum provided by a disability income insurance that pays a multiple of the monthly indemnity to cover the costs associated with a retraining course attended by the insured wage earner when the wage earner's income is interrupted or terminated because of illness, sickness, or accident. This retraining course is designed to enable the disabled worker to be retrained to perform another economic function.
Popular Insurance Terms
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Same as term Date of Issue: date when an insurance company issues a policy. This date may be different from the date the insurance becomes effective. ...
One who submits a claim for an incurred loss. ...
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