Total and Permanent Disability

A serious injury or illness can make it difficult or impossible for you to continue working. It’s important to think about how you would support you and your family if something were to happen to you.

Gay parents with daughter

What is Total and Permanent Disability (TPD) insurance?

TPD insurance helps to protect you and your family's lifestyle if you were to become totally and permanently disabled.

You can apply for TPD insurance as an extension to Life Cover or Critical Illness insurance, which can be purchased inside or outside super.

Key features
  • A one-off payment if you suffer a total and permanent disability
  • Life Cover buy back option – ability to restore your Life Cover 12 months after the payment of a TPD benefit (when TPD insurance is purchased 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 have paid a one-off payment of $100,00 or more, we’ll reimburse up to $5,000 for the cost of a financial plan from a qualified adviser
  • A death benefit of $5,000 should you die within 14 days of suffering a total and permanent disability (TPD insurance stand-alone only)
Product overview

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 – available up to $5 million for certain professional occupations (eg surgeons, accounts and solicitors) and $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).

Premium options

You can choose to pay your premiums as: 

  • Stepped – as you get older, your insurance premium will vary each year and your benefits will remain the same
  • Level – your insurance premium does not go up by age-related increases and your benefits will remain the same

Regardless of whether you choose stepped or level premiums, when you renew your insurance each year your premiums may vary due to rate increases, Consumer Price Index (CPI) increases, policy fee increases or if you add additional insurances to your policy.

Funding options

TPD insurance is available both inside and outside super.

Additional options

You can apply for these options at an additional cost:

  • Double TPD insurance (Life Cover buy back with premium waiver): your Life Cover will automatically be restored 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 (extension only): your Life Cover will automatically be restored 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.

Do you need TPD insurance?

You may want to consider TPD insurance if you: 

  • have a partner, family or dependants
  • have a mortgage or any other personal debt
  • have a business or self employed
  • would need money to live if you were unable to work
  • don’t have adequate savings to cover unexpected expenses.

You may also want to consider