What is Total Permanent Disability

It’s a cover or protection strategy to get a lump sum benefit if you become totally permanently disable and unable to work due to illness or accident.

Life is full of uncertainty. An accident or sudden illness can change everything in your life. Most importantly, your financial circumstances and lifestyle can be impacted significantly if those events happen.

Often, it may not seem very clear to take both life insurance and TPD cover. Remember, life cover mainly pays the benefit to your nominee when you will be no more around. However, TPD will help to continue your life if you become permanently disabled. It is a protection for you and your financial commitment. TPD cover can help to settle any outstanding mortgage or medical expenses due to disability.


Talk to our TPD Insurance Adviser to best protect your future and family!

Who can apply

You are eligible to apply for TPD Insurance if you are:

  • An Australian citizen or permanent resident or
  • A New Zealand citizen residing permanently in Australia
  • And aged between 18 to 74

What’s included in TPD Insurance

Similar to life insurance, there are different options available in TPD. Such as:

Accident Cover – Pays a lump sum benefit which is the insured amount if you become permanently disable and unable to work due to accident.

Illness Cover –Pays a lump sum benefit if you diagnose illness or disease such as cancer, heart diseases, neurological diseases and permanently disable or unable to work.

You can also get sports cover under TPD. Events of total permanent disability due to sports injury may also be covered depending on the insurer’s policy

How to Structure Your TPD Insurance

Structuring the TPD policy is little complicated and depends on your needs and priorities. The following points should be considered for a TPD policy:

Own or Any occupation option: A TPD policy can either have Own or Any occupation option. The payment of insurance claim may majorly depend on satisfying these options. Therefore, it’s crucial to understand these two terms and their implications to structure the policy.

Definition of TPD: It widely varies from insurer to insure. You must understand the definition before taking any cover.

Linked Policy or Stand Alone: You can also link the TPD with Life insurance policy or take a stand alone TPD. Both have pros and cons and may impact the premium.

There are other aspects of TPD insurance which are important to structure the policy. Our financial adviser can help you to understand and find a suitable TPD policy.

Who receives the TPD Cover Benefits

The idea of TPD cover is to protect you financially if you become permanently disabled. The benefit amount is for you to pay off personal debt, home loan or medical expenses. There are other types of personal insurances available to look after your day to day expenses.

How much will TPD Insurance cost

The cost of TPD insurance or premium depends on various factors such as age, gender, occupation, cover amount, health condition, etc. Your policy premium will also depend on how you want to structure it.

Our insurance adviser can help to calculate the cover amount and find and select the TPD options that best suit your objective.

Find out your suitable TPD insurance policy option and comparison.

Our Insurance Adviser Can Help You

TPD policy is complex in nature. We have the tool to access the top Australian insurers. Our expert adviser can find and help to structure the policy that ultimately helps when you need it the most. We help you in:

  • Understanding the TPD definition of the insurers and option to select to meet your need and objective
  • Comparing and choosing suitable TPD insurance and an adequate amount of cover
  • Completing the application process and all other paperwork to save your time
  • Negotiating with the insurer to save your best interest
  • Following up with the insurer until your TPD insurance policy is in effect
  • Reviewing the TPD insurance policy if your circumstances have change
Concurrence Financial Planning