• A one-off payment if you suffer a total and permanent disability.
• 12-month Life Cover Buy Back Option: the ability to restore your Life Cover insurance, less the TPD benefit paid and 12 months after the payment of a TPD benefit (when you purchase TPD insurance as an extension to Life Cover).
• Partial payment benefit if you lose the use of one limb or sight in one eye (available outside super only).
• Option to apply for additional cover when certain events occur without the need to provide further medical evidence.
• If we’ve paid a one-off payment of $100,000 or more, we’ll reimburse up to $5,000 for the cost of a financial plan from a qualified financial adviser.
• We’ll pay a death benefit of $5,000 should you die within 14 days of suffering a total and permanent disability (TPD insurance stand-alone only).

How does it work? 

With TPD insurance, you’ll receive a one-off payment if:

• you suffer a total and permanent disability which means you won’t be able to work again.

Cover amounts start from $25,000 and are available up to $5 million for certain professional occupations (eg surgeons, accountants and solicitors) and up to $3 million for other occupations.

You can also receive a maximum of $3 million for loss of independence (eg physical and mental loss as you age).

What are stepped premiums?

We calculate your stepped premiums on each Review Date based on your age and the applicable premium rate at that time. Stepped premiums will usually increase each year as you get older, and also if you increase your sum insured or because of Inflation Proofing increases (if applicable).

Funding options

TPD insurance is available both inside and outside super.

You can apply for these options at an additional cost:

• Double TPD insurance (Life Cover Buy Back with Premium Waiver): we’ll automatically restore your Life Cover, up to the same amount as the TPD insurance benefit paid, if you live for 14 days after we’ve paid your TPD insurance benefit.
• Business Safeguard Option: when certain events occur, you can apply to increase your original TPD insurance for certain business purposes without the need to provide further medical evidence.
• 14-day Life Cover Buy Back Option (TPD extension only): we’ll automatically restore your Life Cover, up to the same amount as the TPD insurance benefit paid, if you live for 14 days after we've paid your TPD insurance benefit.