According to the Time Payment of Claims provision, how frequently must the insurer pay Disability Income benefits?

The Time Payment of Claims provision in disability income insurance specifies that benefits should be paid on a monthly basis. This requirement is in place to provide a steady source of income for policyholders who may be unable to work due to a disability. Monthly payments are aligned with common household financial obligations, such as rent or mortgage payments, utility bills, and other recurring expenses. This frequency ensures that recipients have timely access to funds necessary to cover their living costs while they recover or adapt to their situation.

In contrast, other payment frequencies like weekly, quarterly, or annually may not align effectively with the immediate financial needs of individuals who may be relying on these benefits to navigate their daily expenses.