Total Permanent Disability (TPD) Insurance

Providing for you if you were to become permanently disabled.

Key features

  • You can apply if you're between 18- 59 years old
  • Lump Sum Payment if you become permanently disabled
  • Cover available up to $1.5 million
  • No Medical tests required on application
  • Available to purchase via self-managed super funds

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What is Total Permanent Disability (TPD) Insurance?

Total Permanent Disability (TPD) insurance provides for you if you were to become permanently disabled due to accident or illness, and are unable to work.

Total Permanent Disability Insurance provides you with a lump sum payment, giving you the means to access the best medical and rehabilitation treatments, and providing you with financial security so you can go on making the most of your life.

TPD

What am I covered for under Total Permanent Disability (TPD) Insurance?

You can tailor your cover to suit your individual needs. Your choice of cover will impact the types of events you can claim against.

You can choose all three types of cover, or two or just one. It's up to you.

Accident Cover

You receive a lump sum payment so you can afford support and treatment if you become permanently disabled as a result of an accident (subject to any Special Conditions specified in your Policy Schedule) and cannot work.

What you're covered for:

  • If you are injured in an Accident that has left you Totally and Permanently Disabled and you are unable to work in ANY occupation

    • OR

  • If you are injured in an Accident that has left you Totally and Permanently Disabled and you are unable to work in YOUR OWN occupation

    • What we consider Totally Permanently Disabled differs depending on whether you choose Any or Own occupation.

     

    Examples of disabling Accidental Injuries include:

  • Spinal cord Injury due to a household accident,  such as falling from a ladder or rooftop
  • Loss of two limbs in a transport accident
  • Loss of Sight due to a workplace accident

    •  

Illness Cover

You receive a lump sum payment so you can afford support and treatment if you become permanently disabled as a result of an illness (subject to any Special Conditions specified in your Policy Schedule) and cannot work.

What you're covered for:

  • If you are diagnosed with an illness that has left you Totally and Permanently Disabled and you are unable to work in ANY occupation

    • OR

  • If you are diagnosed with an illness that has left you Totally and Permanently Disabled and you are unable to work in YOUR OWN occupation

    What we consider Totally Permanently Disabled differs depending on whether you choose Any or Own occupation.

    Examples of disabling illnesses include:

  • Neurological illnesses such as Motor Neurone Disease (MND)
  • Vascular disorders such as stroke
  • Organ failure

Sports Cover

If you take up Accident Cover, you can extend it with Sports Cover. This means you’ll receive a payment in case of a disabling incident from sports (subject to any Special Conditions specified in your Policy Schedule).

What you're covered for:

  • If you are injured as a result of a Sports Injury that has left you Totally and Permanently Disabled and you are unable to work in ANY occupation

    • OR

  • If you are injured as a result of a Sports Injury that has left you Totally and Permanently Disabled and you are unable to work in YOUR OWN occupation

    • What we consider Totally Permanently Disabled differs depending on whether you choose Any or Own occupation.

    Examples of disabling Sports injuries include:

  • Spinal Injury due to accident while playing a sport such as football
  • Loss of limbs due to participating in Water Sports such as jet skiing 
  • A brain injury due to participating in recreational aviation such as hang-gliding or sky diving

    •  

PDS Download The full details of all conditions and criteria that your diagnosis will need to meet are discussed in detail in the PDS.

What important details do I need to know?

What’s not covered:

You will only be covered for the events listed under the Cover type you choose. Eg, if you choose only Accident Cover, you will not be covered for any events listed under Illness Cover or Sports Cover

Regardless of the cover types you choose the following applies:

 -   No payment will be made under TPD Insurance if the event giving rise to the claim is caused directly or indirectly by suicide or attempted suicide for the first 13 months.

 -   If your TPD insurance is Standalone (i.e.  not bundled with other insurance products) , no payment will be made under TPD Insurance unless you survive for at least 14 days after suffering the Illness or Injury that directly or indirectly caused the Total Permanent Disability.

 

Cover Start and End Dates

Once your application is accepted by us your Cover continues until the Policy Anniversary prior to you turning 65 or 100 if you have Bundled TPD with Life Insurance as long as you have complied with the Duty of Disclosure and paid the premiums when due.

The annual renewal of your Policy is guaranteed regardless of any change in your health or personal circumstances.

At age 65, if TPD is Bundled with Life Insurance, the definition of TPD under either Own or Any Occupation reverts to Activities of Daily Living.  See the PDS for more information.

Your Cover will end when the full Benefit Amount is paid, Cover is removed from your Policy, Cover is cancelled through non-payment of premiums or when Cover expires prior to the policy anniversary at age 65, or 100 when Bundled. There may be other reasons Cover may end. Please see the PDS for more details.

 

What's not Covered

What’s not covered:

You will only be covered for the events listed under the Cover type you choose. Eg, if you choose only Accident Cover, you will not be covered for any events listed under Illness Cover or Sports Cover

Regardless of the cover types you choose the following applies:

 -   No payment will be made under TPD Insurance if the event giving rise to the claim is caused directly or indirectly by suicide or attempted suicide for the first 13 months.

 -   If your TPD insurance is Standalone (i.e.  not bundled with other insurance products) , no payment will be made under TPD Insurance unless you survive for at least 14 days after suffering the Illness or Injury that directly or indirectly caused the Total Permanent Disability.

 

Cover Start and End Dates

Once your application is accepted by us your Cover continues until the Policy Anniversary prior to you turning 65 or 100 if you have Bundled TPD with Life Insurance as long as you have complied with the Duty of Disclosure and paid the premiums when due.

The annual renewal of your Policy is guaranteed regardless of any change in your health or personal circumstances.

At age 65, if TPD is Bundled with Life Insurance, the definition of TPD under either Own or Any Occupation reverts to Activities of Daily Living.  See the PDS for more information.

Your Cover will end when the full Benefit Amount is paid, Cover is removed from your Policy, Cover is cancelled through non-payment of premiums or when Cover expires prior to the policy anniversary at age 65, or 100 when Bundled. There may be other reasons Cover may end. Please see the PDS for more details.

 

Definition of ANY or OWN Occupation

Definition of ANY or OWN occupation

With TPD Insurance, you can choose whether you want to be insured under one of two options:

ANY occupation

 If you become totally and permanently disabled and cannot work in any capacity in ANY occupation based on your previous education, skills, training or experience.



YOUR OWN occupation

 If you become totally and permanently disabled and cannot work in any capacity in your own field of work in which you specialise and for which you are trained.


Are you a homemaker?

If you’re maintaining the family home and not in paid employment, you can still be Covered by Total Permanent Disability Insurance, however in order to claim, you will be assessed on your ability to perform Normal Domestic Duties.   Your Cover amount will also be limited. Please see the TAL Lifetime Protection PDS  for details

Health & Lifestyle Assessment

Health & Lifestyle Assessment

 When you apply for TAL Lifetime Protection, you will be asked a number of questions related to your health and lifestyle. You can answer these online or over the phone. No medicals are required when you apply.

By agreeing to the Duty of Disclosure you have agreed to be honest and accurate in your answers to these questions.

Your answers to the questions may mean that you have increased risk factors under the Policy.

Loadings & Exclusions

 In some cases we will be unable to provide you with all or some parts of the Cover for which you have applied.

In other cases, Cover may be subject to conditions such as a Premium Loading, or an Exclusion.

A Premium Loading will mean that you pay a higher premium for the Cover.

An Exclusion will mean that you will not be Covered if you suffer a specified excluded medical condition, or you are injured as a result of participating in an excluded pastime or activity.

Tailoring your plan

Choosing a Premium Structure
You have the choice of Stepped or Level Premiums. Your choice will impact your monthly premium, and how your premium increases each year. Learn More


Inflation Protection
Inflation Protection automatically increases your cover amount by 5% every year, or by the Consumer Price Index – whichever is greater. Your premiums will also increase accordingly. Find out more 

Future Life Events
If a specific life event happens, for example getting married or having a child, you can easily update your TPD Insurance cover. Find out more 

Bundling your insurance:
If you have Life Insurance with TAL, and have added TPD or Recovery Insurance to your plan, you have the option to keep each insurance independent from each other within your plan, or Bundle them together. Learn More

Cover Pause
In case of financial hardship, you can pause your cover for up to three months. You won’t pay premiums but you also won’t be covered. It’s easy to switch on your cover again. (This can only be set up over the phone). Find out more 

Need help deciding if TPD Insurance is for you?

Help me choose

Find out about the other insurances you can include in your TAL Lifetime Protection Plan.

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You can select from the options below, or call us on 131 825.

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2017 © TAL Services Limited a Dai-ichi Life Group Company.

"TAL is Australia's leading life insurance specialist” based on Inforce premiums for risk only life insurance policies, NMG Consulting (2016).

The information provided on this website is general advice only and does not take into account you individual needs, objectives or financial situation. You should read a Product Disclosure Statement (PDS) and Financial Services Guide (FSG) before making a decision to purchase or continue to hold a product. To read details of TAL Lifetime Protection products see the TAL Product Disclosure Statement (PDS) and Financial Services Guide(FSG). Applications subject to acceptance. Benefit periods, waiting periods, terms and conditions, exclusions and limitations apply. Life insurance issued by TAL Life Limited ABN 70 050 109 450 AFSL 237848.  Promoted and distributed by TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260.