TPD Claims – Total & Permanent Disability – Summary
‘TPD’ stands for Total and Permanent Disability. Most good superannuation funds include TPD insurance as part of the policy – you might not even know you are covered. A total and permanent disability claim entitles you to payment of a lump sum if you have suffered an injury or illness that prevents you from returning to work in the same capacity. Most personal injuries which impact your ability to work are caused by motor vehicle accidents, or workplace accidents. However even a slip and fall in a public place can cause serious injuries.
TPD insurance cover usually ranges from around $10,000 – $2,000,000. The coverage amount typically decreases as you get older. The cover is for current and future medical costs, to clear any debts that you’re not able to pay for anymore since you stopped work, and provides you with a source of income to replace the income you’re no longer receiving.
Your eligibility to make a TPD claim will depend on your specific superannuation policy, as decided by the insurer or super fund in question.
Some people have more than one active superannuation fund and can therefore have multiple TPD insurance policies. It is often possible to claim on more than one TPD policy.
The steps required to successfully claim TPD insurance depends on the super fund you are with, and whether or not your cover falls inside your super policy. The usual first step is to obtain independent medical evidence from the most suitable doctor(s) to prove your inability to perform your usual work duties.
You do not have to prove your injuries were caused by the fault of someone else.
Other Compensation Claims
If your injuries are not permanent and you are eventually expected to return to work, you may still be entitled to receive weekly payments whilst you’re recovering if your superannuation policy includes income protection insurance.
Income protection provides regular payments to you if you are temporarily absent from work due to an injury or illness. We need to check with your superannuation fund to see if the policy contains terms providing for such temporary disability payments. These payments are usually a percentage of your usual wages and not a 100% income replacement. The terms may also contain other conditions about when such payments can be made and when they cease.
Some people also pay for private life insurance. In this case, these people can usually make an additional claim on the private policy as well as through their superannuation policy.
If you can prove your injuries were caused by the fault of someone else, you may have additional claims to make. The process depends on how exactly you were injured, such as:
You should seek legal advice to increase your chances of making a successful claim to receive the full range of benefits you are entitled to.