Total and Permanent Disability

Peace of mind for you and your family with Total & Permanent Disability (TPD) insurance.

TPD insurance provides a lump sum benefit should you not be able to work ever again.

Compare TPD insurance companies with ease

At Find Insurance, we have made it easy for you to compare and acquire Total and Permanent Disability insurance with some of the largest and most established companies in Australia.

Total and Permanent Disability (TPD) insurance is designed to provide a financial benefit in the form of a lump sum payment in the event you become totally or permanently disabled.  This type of insurance will help you pay those large medical costs, modifications to your home and ongoing daily living expenses.

Total and permanent disability is often combined with Term Life Insurance and Trauma Insurance as an extension to the policy.  It is also available as a stand-alone TPD cover with some insurers.

In Australia, there are different types of total and permanent disability insurance.  It is important to understand your needs so that the insurance you purchase will tailor-fit to your lifestyle.

What types of TPD are there?

Insurers provide different types of TPD insurance.

Definition Choices:  Own Occupation, Any Occupation (3-Tier & 5- Tier) and Home-maker or Daily Living

  1. Own occupation – this insurance states that in the event of total or permanent disability, the insured will be unable to work in their occupation for the rest of their life
  2. Any occupation (3 Tier) – the insured will be unable to work in their own profession or in another profession based on their training (1st), qualifications (2nd) and experience (3rd).
  3. Any occupation (5 Tier) – the insured will be unable to work in their own profession or in another profession based on their training, qualifications and experience and the insurer may require you to be retrained (4th) or attend rehabilitation (5th).  Most industry funds offer this type of TPD.
  4. Home duties/daily living – the insured will not be able to perform normal domestic work

The best type of TPD to hold with the greatest chance of getting paid a claim is 'Own' occupation definition.  However, this type of TPD definition is not available to all professions.  Most people will have an 'Any' occupation definition of TPD which is held in super.   Be aware that if you hold a 5-Tier TPD definition then is going to be harder to receive money at claim time.  If you are not working then you will most likely only be offered Home Maker or Daily Living definitions.

How much TPD insurance coverage do you need?

In the ideal world you would need between $1,100,000 and $4,400,000 to have an adequate amount of TPD cover.  This is the amount of money paraplegics and quadriplegics require if they wish to live a modest lifestyle after becoming permanently disabled.  It is said that of those people who become TPD and do not have any TPD insurance in place, up to 80% of those disabled end up having to sell their homes to cover future costs.

Whilst most people cannot afford up to $4.4 million in cover, one needs to consider having some cover in place (preferably with 'Own' or 'Any 3-Tier' definition') in the event you do become TPD.

If you would like to work out how much TPD Insurance cover you might require then click on the 'Calculate TPD Insurance' button.  Alternatively, if you would like to request a quote then select the 'Start Here' Button at the top of the page and proceed to 'Request a Quote'.