Loss of limb means actual severance at or proximal to wrist or ankle joints. Loss of sight means entire and irrecoverable loss of sight. Benefit is payable if the insured employee has been disabled for 6 consecutive months, and is unlikely ever to engage in or to work for any compensation or reward in any business, occupation or employment as a result of sickness or injury. The Permanent and Total Disablement Benefit is insured in co-ordination with the Life Benefit.

    When the insured employee is Permanent and Total Disabled, 10% of the benefit will be payable after 6 months waiting period, the remaining 90% benefit will be paid 12 months after the first payment provided the insured remains Permanent and Totally Disabled and the policy is still in force. Upon receipt of the initial 10% payment, the amount of the Insured Person's Life Benefit shall be reduced to zero. If death occurs within 12 months after the first payment, the remaining 90% balance will be paid.

    However, a Loss of Limb Claims Settlement is negotiated on the basis of the estimated cost of a loss of limb claims as if it were to go to a verdict. Thus, if the cost of verdicts is reduced due to a cap, it follows that the cost of settlements will be reduced proportionately.

    The Loss of Limb Claims Settlement is an agreement to stop a lawsuit in exchange for something, usually money. A Loss of Limb Claims Settlement offer can come at anytime, from moments after the injury to moments before the verdict in a trial. When you are in the process of determining your chances in a Loss of Limb Claims Settlement case, your lawyer will detail the probable range of outcomes and the range of acceptable Loss of Limb Claims Settlement which they feel you should sign off on. If you agree to accept a Loss of Limb Claims Settlement, you will be required to sign an agreement which states that you will absolve the other party of all further liability in this particular Loss of Limb Claims Settlement case. It is your decision to make. The lawyer cannot make it for you and can only provide you with the information you need to make that decision. Remember that going to trial is no guarantee that you will receive anything. The information contained in this message is general and should not substitute for the advice and counsel of a licensed attorney.