What is TPD Insurance?

TPD is an optional benefit that’s generally available with most Term Life Insurance policies. TPD Insurance provides you with a lump sum benefit in the event of you becoming totally and permanently disabled.

Why do you need TPD Insurance?

For the same reason as you need Personal Life Insurance.

Protection against permanent disability where you may never be able to return to work, can have the same devastating effect on your financial security. Just like your Life cover, TPD Insurance pays a lump sum benefit when it’s most needed. The difference is that it’s paid to you.

Depending on your occupation, TPD Insurance covers you if you have been totally incapacitated for at least 6 months and your incapacity is such that it is unlikely you will ever be able to resume your occupation as defined.

When selecting the cover you require, either “own” or “any” occupation options are available depending on your current occupation.

Some Term Life policies cease when TPD is paid out, others may include a buy-back option, where Term LIfe cover can be reinstated. If preferred you can now apply for TPD cover as a ‘stand alone’ policy. For details call us toll free on 1800 422 739.