Total and Permanent Disability Insurance

Total and Permanent Disability (TPD) insurance is a type of insurance that provides a lump sum payment if you become totally and permanently disabled and are unable to work in your occupation. The definition of TPD varies among insurance providers, but generally, it means you have a medical condition that prevents you from ever returning to work in your own occupation or any other occupation for which you are adequately qualified based on your education, training, or experience.

TPD insurance is designed to provide financial support in the event of a severe disability, allowing you to cover medical expenses, household bills and other financial obligations. It also provides a financial safety net for you and your family in the event that you are unable to work for an extended period of time.

Why Total and Permanent Disability Insurance?

Financial security

In the event of a total and permanent disability, TPD insurance provides a lump sum payment that can be used to cover medical expenses, household bills and other financial obligations.

Reduced financial stress

The lump sum payment from TPD insurance can help relieve the financial stress and burden that often accompanies a serious disability, allowing the policyholder to focus on recovery and return to good health.

Early access to treatment

With the financial support provided by TPD insurance, policyholders may be able to access the best possible medical treatment and support without delay.

Choice of treatment options

Having TPD insurance allows policyholders to make their own choices about their medical treatment, rather than being limited by their ability to pay for it.

Continuation of income

In the event that the policyholder is unable to work due to their disability, the lump sum payment from the TPD insurance can help maintain their standard of living and provide financial security for their family.

Peace of mind

Knowing that they are financially protected in the event of a total and permanent disability can provide peace of mind for policyholders and their families.

Important information and disclaimer

  • Any advice on this publication is of a general nature only and has not been tailored to your specific circumstances. Before taking action on this information, please seek your personal advice. Past performance is not a reliable guide for future returns. The information on this page reflects our understanding of the existing legislation, standards, etc.

    In some cases, the information has been provided to us by third parties. While the information is believed to be accurate and reliable, but this is not guaranteed in any way.

  • Neither AIFP nor its responsible persons or employees give any warranty of accuracy, nor accept any responsibility for errors or omissions in the information provided on this page.