What is Total and Permanent Disability Insurance?
Total and Permanent Disability (TPD) Insurance provides for you
if you are to become permanently disabled due to an accident or
illness that means you are unable to work in any capacity in any
occupation based on your previous education, skills, training, and
experience.
TPD Insurance provides you with a lump sum payment which can be
accessed to assist you meet the costs of living, to be able to
access medical and rehabilitation treatment and provide you with
financial security for your future.
How do I know if I have TPD Insurance?
Usually, most superannuation funds will have a TPD insurance
benefit built into your policy of insurance. To check if you have
TPD insurance, check with your superannuation fund. It is important
to know that each superannuation fund has a different definition of
what it means to be total and permanent disabled. Again, check with
them to see how you are covered.
