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Translating TPD: What is it and when can you claim?


Total and Permanent Disability (TPD) Insurance is arguably one of the most valuable, yet misunderstood benefits that people hold. Almost every working Australian joins a Superannuation fund whenever they start a new job, and most funds have some level of TPD cover. If you become injured or sick, and as a result of this injury or sickness, are unable to continue working, you may be eligible for TPD benefits to be paid to you through your superannuation fund.

One of the most concerning realities however, is everyday Australians not knowing that they can claim due to a lack of awareness of how TPD Insurance operates.

Alarmingly, many workers who are injured during the course of their employment, only become aware of their entitlement to claim TPD benefits, once they start a Workers Compensation claim or similar, and their legal representatives alert them of their entitlements.

This raises questions such as:

  • What happens to the people who aren't injured at work?
  • What happens to people who fall ill, and have to stop work due to an illness?
  • What happens to those who are unable to earn income and support their family, where no one is at ‘fault’?
It is important to know that in order to be entitled to TPD benefits, you do not need to show that somebody else is at ‘fault’. This is another key misunderstood element of TPD Insurance, and a barrier to everyday Australian’s moving on with their lives following an injury or illness. Many people only become aware of their entitlements once a friend or family member mentions it, and even then it can seem very overwhelming and unclear, as they do not see how they are entitled to something when they have not suffered any wrongdoing.

Essentially, it does not matter if a person has been injured or fallen ill, if injury or illness has prevented them from working for a period of three or more months, they may be entitled to make a claim for TPD benefits, depending on the type of policy cover they have.

 

Click to read more about superannuation and insurance claims

Written by Will Barsby

Written by Shine Lawyers on September 23, 2015. Last modified: September 26, 2018.

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