Total Permanent Disability (TPD) Insurance

TPD Insurance is a lump sum payout which you can be entitled to if you are totally and permanently incapacitated because of your medical condition.

As each insurer has a different definition of TPD, it can be cover you for either:

• Own occupation: If you are permanently incapacitated to work in your own occupation.
• Any Occupation: If you are permanently incapacitated to work in your own occupation or any occupation which is suited by your education, training or experience.

TPD benefit amounts vary depending on the individual policy terms negotiated by your super fund or employer.  Benefits are usually paid as a lump sum worth tens or even hundreds of thousands of dollars. TPD insurance amounts often decrease or lapse as you age so it’s crucial you to check the level of cover you have at the time you ceased work due to disability even if cover has since ended.

Multiple TPD claims:

You may be eligible to claim for multiple TPD claims if you have multiple insurances in place depending on your policies as some policies may restrict to the multiple TPD payout. Our Technical experts can provide you with an assistance to get the best possible outcome in such circumstances. Generally, TPD Claims have 6 months of waiting period before a claim can be made.