TPD Insurance, for the uninitiated, stands for Total and Permanent Disability (TPD) Insurance. This offers financial benefits for people, who are no longer capable or able to work in any occupation, owing to a mental or physical disability or health concern.
About claim for Total & Permanent Disability (TPD), Accident and Trauma
The norm is very simple – one needs to prove that the concerned illness or injury has stopped the him/her from working and that he/she is unable to take up their regular job or any occupation for that matter that matches their skills and education. There are a bunch of websites that provide information for top insurance claims, where you can find other details. Claiming for TPD does require the person to prove the cause of the disease. So, someone with conditions like cancer caused by natural causes is eligible for the benefits.
What are the benefits?
Under Total & Permanent Disability (TPD) claim, the person is entitled to get the insurance benefits with early access to Superannuation. This can be a lumpsum payment or in form of instalment payments. The benefit amount is dependent on the insured amount and type of information, which can be easily found on the policy documents.
Expectedly, medical evidence is required to prove the case. Other aspects, including the education, expertise, skills, education, training and experience of the patient is also considered, to understand why he/she is not suitable for the past jobs or any job as claimed. For example, you may have the ability to work in an office-setup on a desk, but if you don’t have the required experience and expertise, you will be entitled for the benefits. All barriers that are preventing the patient from working will be evaluated and considered. It’s not enough to just have a job, but if the patient is unable to manage and maintain the same, he/she may still claim for benefits.
Unfortunately, insurers don’t treat TPD claims as expected of them and often lack the empathy that such cases demand. There are TPD lawyers, who can help in such cases, and many services even offer over-the-phone consultation for free. You can understand and evaluate the situation better, and eventually, it is all about getting the benefits that you are entitled too.
You can check online to find services that help with TPD claims in Australia, and make sure to get answers for all relevant questions OR read more about superannuation services Brisbane.