What is the full form of PPD in Insurance?
The PPD full form in insurance is Permanent Total Disability. In case of work accidents resulting in disability, then the insured will be entitled to certain benefits apart from the regular worker’s compensation. The disability benefits are designed to cover the lost income owing to the disability, as it leads to a reduction in the earning capacity.
Eligibility to seek permanent total disability
Permanent complete disability is the most important sort of benefit you can obtain. If you are rendered absolutely incapable of ever working again, you are eligible for PTD compensation. To be eligible for PTD, one must have permanently lost the use of hands, feet, arms, legs, eyes, or a combination of the above. Those qualifying for PTD should be incapable of performing any employable work.
How does the insurer determine the amount of PTD?
The insurer should examine to determine if the insured has a permanent loss of function of any part of the body. The medical practitioner will describe the permanent loss of function. The insurer would use these findings to rate the PTD against the standards that are set by the law and other administrative rules. Awarding PTD comprises impairment rating and level of work disability as well.