TPD insurance cover provides income protection in the event of injury or illness that renders you totally and permanently disabled and unable to work. TPD policies provide a lump sum payment to support you during this challenging time. The terms and conditions of each TPD claim may vary depending on your insurance company and the specific policy details.
Before attempting to claim on multiple TPD policies, it’s advisable to consult with a qualified financial advisor or an insurance expert at TPD Helpline. We can provide guidance on the specific policies you have, the potential impact on your overall financial situation, and the best approach to maximise your TPD benefits while adhering to the terms and conditions of your insurance policies.
Call us now for expert assistance in navigating your TPD claims and helping you secure your financial future.
Understanding Total and Permanent Disability Insurance
TPD insurance, or total and permanent disability insurance, is a type of life insurance that pays out claims in lump sums if you become totally and permanently disabled due to illness or injury. TPD insurance claims provide crucial financial support in such circumstances, ensuring you have resources even if you can no longer work in any occupation for which you are suited, based on your education, training, and experience.
TPD benefit is a safety net that can help you cover essentials such as medical expenses and ongoing care without straining your finances or affecting your insurance premiums.
TPD insurance is typically purchased as an add-on to life insurance, but it can also be purchased separately and is likely part of your superannuation fund. The cost of TPD insurance varies depending on your age, occupation, health, and the amount of coverage you want.
To be eligible for a TPD cover claim, you will generally need to meet the following criteria:
- You must be totally and permanently disabled.
- Your disability must be caused by illness or injury.
- Your disability must be certified by a doctor.
- You must be unable to work in any occupation for which you are suited.
- You must have been insured for a minimum period of time (usually 12 months).
What Do ‘Multiple TPD Claims’ Mean?
Multiple TPD claims mean making a claim for total and permanent disability (TPD) insurance on more than one policy. This is possible in Australia because each TPD policy is independently underwritten and has its own definition of TPD. As a result, you may be eligible to make a claim on multiple policies if you meet the definition of TPD on each policy.
Some insurers may have a policy that limits the number of claims you can make, or they may require you to wait a certain amount of time between claims. It is important to read the terms and conditions of your policy carefully to understand the restrictions on multiple claims.
We Can Help You Successfully Claim TPD Benefits
The process of claiming multiple TPD benefits can be complex, but it is important to remember that you have rights. By following these steps, you can increase your chances of a successful claim.
- Identify all of your TPD policies. This includes policies through your superannuation fund, employer, private insurance, and any other sources.
- Check if the policies were valid when you were injured or became ill. Some policies may have a time limit on when you can make a claim, so it is important to check the terms and conditions of each policy.
- Submit a thorough application, including all documents and medical records, to substantiate your claim. This is the most important step in the process, as it is your chance to show the insurer that you meet the definition of TPD.
There are a few things to keep in mind if you are considering making multiple TPD claims:
- You will need to meet the definition of TPD on each policy. This means that you will need to be totally and permanently disabled in accordance with the terms of each policy.
- You will need to have been insured for a minimum period of time on each policy. This is typically 12 months, but it may be longer on some policies.
- You may be subject to a waiting period on each policy before you can make a claim.
- You may be subject to a maximum TPD benefit on each policy. This is the maximum amount of money you can claim on each policy.
Claiming TPD With TPD Helpline
Need help making a multiple TPD claim or unsure how to navigate your multiple income protection policies? Let our qualified TPD claims lawyers at the TPD Helpline help take care of your TPD claims process.Contact us today either by calling 1300 679 222, leaving an enquiry form via our website or emailing us at info@tpdhelpline.com.au.
