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Home - Personal Insurance - Total and Permanent Disability
TOTAL AND PERMANENT DISABILITY
When one door closes, another opens. But what if there's a sudden twist behind the
new door and you find yourself unable to work again? Total and Permanent Disability
insurance offers financial security for the unexpected by providing you with a lump
sum benefit if you suffer Total and Permanent Disability (TPD) and are unable to earn an
income again.
TPD cover can be taken on its own or as part of a Term Life package.
If you choose to include TPD cover, the insurer will pay your TPD sum insured if you
permanently:
- are unable to work, or
- lose limbs or sight, or
- are unable to perform activities of daily living, or
- are suffering from significant cognitive impairment.
Please refer to the relevant companies Customer Information Brochure for the complete
definition of TPD.
The following conditions usually apply to TPD:
- Your TPD sum insured cannot exceed your Term Life
- Your TPD cover will stop if the insurer makes a payment for terminal illness
- TPD cover for 'Unable to Work' ceases at the anniversary of your policy when you are 65
- TPD cover under the 'Loss of Limbs', 'Activities of Daily Living' and 'Significant Cognitive
Impairment' tiers continues until the anniversary of your policy when you are 99.
Definition of Unable to Work
You can choose between 2 definitions of 'unable to work' - Any Occupation and Own
Occupation.
Any Occupation
The sum insured is payable if you are permanently unable to work in ANY occupation for
which you are reasonably suited.
Homemakers
Within the Any Occupation definition we offer TPD cover if you have been performing
normal domestic duties full time in your own residence for more than 6 months prior to
any injury or illness that causes you to become totally and permanently disabled.
Own Occupation
The sum insured is payable if you are permanently unable to work in your own occupation.
An additional premium is payable for this definition as it is specific to the duties
you perform, as distinct from any duty you may be suited to perform.
Click here to enquire about Total and Permanent Disability insurance
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