TPD Insurance

Total and Permanent Disablement insurance is usually held in conjunction with life insurance. It pays out a lump sum payment if you become permanently disabled. You must demonstrate you are unable to work again.

There are two definitions that apply when taking out TPD insurance: Own Occupation – is more expensive because it pays out a lump sum benefit if you are unable to work in your own occupation for a period of 6 months and you are unlikely to ever be able to follow your own occupation, as determined by a doctor; or

Any Occupation – which is a cheaper form of coverage and pays out a lump sum payment if your are unable to follow your own occupation for a continuous period of 6 months and are unlikely to ever be able to follow your own occupation or any occupation you could reasonably be suited to by education, training or experience.

TPD will also pay a lump sum benefit if any of the following events were to occur:

• You lose the use of either both hands, both feet, one hand and one foot, the entire sight in both eyes, one hand and the entire sight in one eye, one foot and the entire sight in one eye.
• Unable to perform domestic work eg. Confined to the home, diagnosed by your doctor as having a permanent disability, unable to perform usual unpaid domestic duties for 6 consecutive months and you receive regular medical attention from a doctor.
• You are unable to perform basic living functions such as bathing, dressing/undressing, using the toilet, feeding yourself and getting in and out of bed.