Total and Permanent Disability (TPD) super insurance cover protects you in the case you are no longer able to work due to an illness or injury.  It’s included as default with most superannuation funds, but you could also have it as a private policy, loan insurance or membership with a union or other organisations.

This cover may mean you’re eligible for a lump sum payment if you’re no longer able to work in the job for which you have the training and experience, as a result of an injury or illness.  This insurance is specifically for permanent disability, where you’re unlikely to ever be able to return to work.  However, this injury or illness does not need to have occurred at work for you to be eligible.

As well as TPD cover, most superannuation insurance will also contain provisions for death and a lump payout may be payable to your family.  However, if you are diagnosed with a terminal illness, you may be eligible to claim for this cover during your lifetime, which can be extremely helpful in covering the expenses associated with this time.

The eligibility and exclusion criteria for these policies can be complex, so it’s best to consult a professional.  We have extensive experience in navigating the specific requirements of each policy and determining the best way to proceed in order to achieve the outcome you deserve.

Once your claim is completely submitted with all requested documentation, the insurance company has six to twelve months to make a decision, depending on the complexity of your case.