Total and Permanent Disability (TPD)
Total and Permanent Disability (TPD)
Total and Permanent Disability (TPD) Insurance provides a lump sum payout if you suffer a serious injury or illness that leaves you permanently unable to work. This type of insurance is designed to help cover major medical expenses, home modifications, ongoing care costs, and general living expenses following a life-altering event.
TPD Insurance can be a financial lifeline if you're no longer able to earn an income due to a permanent disability. Whether you hold it as a standalone policy or through your superannuation fund, Angelic Insurance can help you compare policy options, understand benefit definitions, and ensure your cover is suited to your needs and occupation.
How It Works
If you suffer a disability that meets the policy’s definition of “total and permanent disability,” the insurer will pay a lump sum benefit. The policy may define disability as being unable to work in your usual occupation or any occupation.
Choose your level of cover
Select a lump sum amount based on your financial needs such as debt repayments, medical expenses, and income replacement for the years ahead.
Define your work capacity
TPD can be structured around two main definitions: “own occupation” (can’t work in your specific profession) or “any occupation” (can’t work in any job suited to your education and experience). “Own occupation” policies are more comprehensive but cost more.
Apply and get assessed
You’ll provide personal and health details during the application process. Some underwriting and medical checks may be required.
Premium payments
Pay monthly or annual premiums to maintain cover. Premiums are based on your age, occupation, health, and selected benefit amount.
Make a claim
If you suffer an illness or injury and are medically certified as totally and permanently disabled (according to the policy definition), you can lodge a claim for the lump sum benefit.
Why You Need It?
It ensures financial stability if you are permanently unable to earn an income due to a severe disability. The lump sum can be used to pay off debts, cover medical costs, or modify your home.
Life-Altering Events Can Happen to Anyone
An accident or medical condition could prevent you from ever working again. TPD cover provides financial security when it’s needed most.
Major Medical Costs
Rehabilitation, long-term care, mobility aids, and home modifications are expensive. A lump sum helps pay for these needs without draining family savings.
Income Replacement
Without the ability to earn, you and your dependents could face financial hardship. TPD cover can help fill the income gap over the long term.
Mortgage and Debt Protection
Use the payout to eliminate debts like home loans or car finance, reducing financial stress during recovery.
Long-Term Peace of Mind
TPD cover helps ensure your family won’t bear the financial burden of your permanent disability.
How Angelic Insurance Can Help?
Angelic Insurance offers TPD policies with flexible definitions and coverage amounts, helping you secure the right protection for your specific needs. We guide you through the claims process to ensure you receive your benefit without delays.
Compare “Own” vs “Any” Occupation Definitions
We help you understand the difference and decide which definition best matches your occupation and risk level.
Policy Structuring Options
We assist with reviewing whether holding TPD inside or outside superannuation works better for your financial goals and accessibility needs.
General Advice That’s Clear
Our licensed brokers offer straightforward information about exclusions, benefit triggers, and integration with other types of life insurance.
Support for Complex Claims
TPD claims can be medically and legally complex. We’re here to support you through the process, liaising with the insurer and helping you stay informed.
Regular Cover Reviews
If your work role, income, or family needs change, we’ll help you reassess your cover so you stay properly protected.
Frequently Asked Questions
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