Total Permanent Disability (TPD) Insurance
Providing for you if you were to become permanently disabled.
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TPD Insurance with TAL
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.
Key features & benefits
Total and Permanent Disability BenefitYou can get a quote online for cover up to $1.5 million. For cover up to a maximum benefit of $3 million please call us on 131 825 or speak to your Financial Adviser.
Advanced Payment BenefitAn advanced payment of 25% of the benefit amount ($500,000 maximum), if you suffer permanent loss of use of a single limb or eyesight in one eye. Not available when structured through superannuation.
Inflation Protection BenefitYour benefit amount automatically increases on the Policy Anniversary by 5% or the indexation factor, whichever is higher, to keep pace with inflation.
Guaranteed Future Insurability BenefitYou can apply to increase your cover by up to $200,000 without providing additional health information, when a significant life event occurs eg. marriage, childbirth, home-buying.
Long Distance Accommodation BenefitReimburses up to $250 per day, up to 14 days, for accommodation costs of an Immediate Family Member when they are required to travel 100km+ to be with you.
What is TPD Insurance and how does it work?
Total Permanent Disability (TPD) insurance provides cover if you were to become totally and permanently disabled due to illness or injury and subsequently unable to work.
TPD insurance provides you with a lump sum payment, giving you the means to access medical and rehabilitation treatment.
How much will TPD Insurance cost?
The cost depends on your age, gender, occupation, lifestyle and medical history. Costs can also vary according to the policy’s features.
At TAL, we understand that everyone is unique, so naturally your insurance should be too. That's why we've created TAL Coverbuilder to allow you to build your cover, your way.
With our Coverbuilder you can choose your insurance and your cover, tailor your cover amount and select the options that best suit you.
TAL Health Sense
We’re encouraging healthy lifestyles
What other benefits does Total Permanent Disability Insurance include?
Not all benefits, options and sum insured levels are available online
What important details do I need to know?
What other insurance can I include in my TAL life insurance plan?
TAL Accelerated Protection has a range of Insurances you can include in your life insurance plan
Protects your family’s future and gives them options if you are no longer around.
Critical Illness Insurance
Means you have choices so you can still make the most of life if you have a serious illness.
Income Protection Insurance
Provides you with an income to help you continue living your life if you have an injury or illness and can’t work.
Why choose TAL as your TPD Insurance provider?
TPD Insurance FAQs
How much cover can I apply for?
What does TPD Insurance cover?
Total Permanent Disability (commonly referred to as TPD) insurance provides a lump sum payout for you, if you were to become totally and permanently disabled due to injury or illness and are unable to work in any capacity in any occupation based on your previous education, training or experience.
You can choose your amount of cover, up to $3 million, giving you the means to access medical and rehabilitation treatments, so you can go on making the most of your life.
Do I need TPD Insurance?
TPD insurance can help give you the financial peace of mind that you will be looked after financially during your recovery, if you suffer a permanent illness or injury. Without the financial security of a TPD insurance lump sum payment, and without an income as you’re unable to work, it may be challenging to pay your day-to-day bills, manage any medical expenses and maintain your current standard of living.
How much TPD Insurance do I need?
The right amount of cover for you will depend on your age, occupation, lifestyle, family circumstances and financial situation. Because everyone is unique, the right amount of cover for you is a personal decision. You should factor in your financial situation and any other types of life or health insurance policies you have when considering your TPD Insurance policy. At TAL, cover is available up to a maximum benefit amount of $3m if you become totally and permanently disabled
Can I take TPD Insurance?
TPD Insurance is available to eligible Australians who are currently gainfully employed. We assess your situation at the point of application, and your insurance policy is based on your circumstances at that time.
However, if your circumstances change for the better (e.g. you move to a lower risk occupation or quit smoking), you could be entitled to a lower premium, and you can request an alteration to your policy.
Can I get TPD without a medical examination?
Generally, it’s not necessary to undergo a medical examination when applying for TPD Insurance. At TAL, we will ask you some questions about your medical history. You have a duty to tell the insurer anything you know that may be relevant to our decision about providing you with insurance.
This duty applies when you first apply for TPD Insurance, and on an ongoing basis if you choose to extend, vary or reinstate your insurance policy.
How are the TPD payouts paid?
After you suffer a specified illness or injury, we can start assessing your TPD claim after you have been out of work for three months in a row. In some cases you may qualify to be assessed immediately, such as due to blindness or loss of limb. Once your claim has been approved, we aim to make your payment as soon as possible. If you remain off work due to illness or injury and you’ve provided us with the claim requirements, you’ll start to receive payments one month after the waiting period ends.
Is Trauma Insurance the same as Total Permanent Disability insurance?
Although these two insurance policies may seem similar, they offer different types of cover that offer benefits in different situations. When you experience a specified illness or injury, trauma insurance will pay a benefit while you are trying to get back to work. However, TPD insurance will pay a benefit if you are unable to ever return to work, in accordance with your Policy Schedule.
Are TPD Insurance payouts tax deductible?
With TPD Insurance, your policy premiums are not tax deductible. However, the Lump Sum Payment you receive as a TPD payout are generally not subject to tax, either. This means the full benefit amount payable is yours, tax-free.
How do I make a TPD Insurance claim?
TPD claims don't have to be related to a workplace or caused by someone else's negligence. To make a TPD insurance claim, contact us as early as possible. This gives us the opportunity to gather the evidence we require to assess your claim, as delays may impact the time it takes us to process your claim.
When we are notified that you wish to make a claim, we will provide the forms that need to be completed and explain in detail our requirements and what the next steps are.