Services
Total and Permanent Disability (TPD) Insurance Claims
- Your employer as part of an EBA or employment contract
- A union
- From your financial institution or bank
- Your financial advisor
Frequently Asked Questions
Got a question? Get your answer.
There are many uncertainties in life. You can be unexpectedly diagnosed of a debilitating or terminal illness or be involved in an accident at work, on the road, or in public places. As a result, you may not be able to go back to work and potentially lose capacity to earn.
If you are a worker, you may have a Total & Permanent Disablement (TPD) insurance benefit in your superannuation.
A TPD insurance cover can pay you lump sum or instalment payments provided you who have an active superannuation.
If you become totally and permanently disabled due to an illness or injury and as a result unable to return to your usual duties of occupation which you are suited by education, training , and experience, you may be eligible to claim a TPD benefit, an insurance cover attached in your superannuation.
It is important to note though that the illness or injury does not have to be work-related and that fault is not a factor in assessing your eligibility for a TPD claim.
This depends on your insurance policy. We can help you understand your policy, especially the exclusion and eligibility clauses.
Generally, the following medical conditions disabling you to continue working may be approved for a TPD claim:
- Cancer
- Heart conditions
- Dementia
- Other chronic illness
- Cerebro-vascular accident (stroke)
- Psychiatric injuries
- Serious brain and spinal injuries
- Catastrophic injuries because of motor vehicle or work accidents.
Generally, there is no time limit in lodging a TPD claim. You may be able to lodge a claim even when you have ceased work for a long time. You may still be able to lodge a TPD claim even when your superannuation fund is no longer active if you became incapacitated at the time when your superannuation fund is still active.
However, some insurance policies require you to lodge your claim before you reach your retirement age.
Benefits of getting your TPD claim
When your TPD insurance claim is approved, you may be able to access your superannuation early. Generally, you have four options:
- Have your TPD insurance and all your superannuation fund paid into your nominated bank account;
- Have your TPD insurance and a part of your superannuation fund paid into your nominated bank account access the rest of your superannuation on or before retirement age;
- Have your TPD insurance paid into your nominated bank account and access your superannuation fund later or at retirement age; or
- Have your TPD insurance deposited into your superannuation fund and access your TPD insurance payment and superannuation fund later or at retirement age.
We are here to help!
The claim process can be overwhelming. We, at AMK Lawyers, are happy to do the work for you and you can focus on your treatment and other important things in your life.
To know more information or ask any questions, please do not hesitate to contact us.
