TPD stands for Total and Permanent Disability and the industry generally uses it to describe a lump sum payment that may be available to you following a severe injury or illness that affects your ability to return to work.
Most—but not all—super funds include disability benefits. These benefits include total and permanent disability (TPD) lump sum payments and total and temporary disability (TTD) monthly payments. Time limits do apply for claiming these benefits, so contact us today to find out how we can help.
Total and permanent disability claims (TPD)
You’re eligible for a TPD lump sum payment if you can show you’re unable to do your normal job or any other work related to your training and experience. This doesn’t mean you’re unfit for all work—it means you’re unable to do the work fitting your area of skills and expertise.
You may have access to additional insurance through:
- your employer
- your enterprise bargaining agreement
- your employment contract
- your insurance purchased through a financial institution or a financial advisor.
- Exclusion or eligibility clauses, detailed in an insurance policy’s small print, can affect your right to make a claim, and insurance companies often use this small print to deny claims.