If you have superannuation, then you will likely have total and permanent disability (TPD) insurance.
What is Total and Permanent Disability (TPD)?
TPD is a type of insurance. It covers you if you cannot work because of illness or injury. It commonly comes as part of your superannuation.
How does Total and Permanent Disability insurance work?
When you have a superannuation account, your superannuation fund will buy TPD insurance from an insurer. This is called group insurance cover. The insurance will then apply to some or all of the super fund members, like you.
The TPD insurance policy is a very important document, because it determines whether or not you are eligible for TPD cover and what you have to prove to successfully claim TPD benefits.
Please take a look at the image below for further details on how TPD works:
Am I eligible for Total and Permanent Disability benefits?
The most important advice that My Work Injury Lawyer can give is that there are many different definitions of Total and Permanent Disability, so carefully looking at the insurance policy is necessary. Generally, you may be eligible for TPD benefits if one of the following applies to you:
- You cannot return to your job or any other job for which you are educated, trained or experienced, because of an illness or injury; or
- You have lost the use of certain body parts, such as arms or both legs; or
- If you weren’t working at the time of your illness or injury, but were doing home duties, then after your illness or injury you cannot return to doing certain activities of daily living, e.g. dressing,
This is not comprehensive advice, but a general guide for the most common situations where you might be eligible TPD benefits
Is there a waiting period to access Total and Permanent Disability insurance?
Yes. Most TPD insurance policies have a waiting period of between 3 months – 6 months. You must show that you have been unable to undertake work or your ordinary home duties for between 3 months – 6 months, before you can claim TPD benefits.
How long does it take to make a Total and Permanent Disability Claim?
Each TPD claim length is different and requires different evidence to prove the claim. The time it takes to run a claim depends on factors like;
- The superannuation funds attitude to your claim;
- What evidence is necessary to prove your claim;
- How long does it takes to gather all the evidence;
- Whether the superannuation fund wants to have you examined by their own specialist;
- Whether the superannuation fund requires any other evidence to prove your claim.
Depending on these factors it can take anywhere between 6-18 months for finalise a TPD claim.