| Purpose | Provides coverage for medical expenses and healthcare | Provides income replacement in case an individual |
| services necessary for the treatment of illnesses, | becomes unable to work due to a long-term illness |
| injuries, and preventive care. | or disability that affects their ability to work. |
| Coverage Duration | Typically covers short-term medical expenses and | Offers coverage for an extended period, usually |
| services, often on an annual basis. | starting after a waiting or elimination period. |
| Covered Conditions | Covers a wide range of medical conditions, | Focuses on disabilities or medical conditions |
| including illnesses, injuries, and preventive | that prevent the insured from performing their |
| care. | regular occupation or any occupation, depending |
| | on the policy. |
| Medical Expenses | Includes doctor's visits, hospitalizations, | Does not cover medical expenses directly but |
| surgeries, prescription drugs, and preventive | provides financial support in the form of |
| care, among others. | disability income. |
| Income Replacement | Primarily provides coverage for medical expenses. | Offers a monthly or periodic benefit to replace |
| | a portion of the insured's income when they |
| | are unable to work due to disability. |
| Waiting Period or Elimination Period | Often has a waiting period for coverage to | Includes a waiting or elimination period, which |
| begin, usually a few weeks to a few months. | is the initial period when no benefits are |
| | payable after a disability. |
| Benefit Amount and Limits | Typically has co-payments, deductibles, and limits | Provides a percentage of the insured's pre- |
| on coverage amounts, which can vary based on the | disability income, often up to a specified |
| policy. | maximum limit, subject to policy terms. |
| Rehabilitation Services | May include coverage for rehabilitation services | May offer rehabilitation benefits or vocational |
| such as physical therapy or occupational therapy. | training to help the insured return to work. |
| Premiums | Premiums are based on factors like age, location, | Premiums are influenced by factors like age, |
| health, and coverage options and are typically | occupation, income, and the chosen coverage. |
| Coverage Termination | Coverage ends when the policy is terminated, or | Coverage terminates when the insured is no |
| when the insured no longer pays premiums. | longer considered disabled or reaches a |
| | specified age, depending on the policy. |
