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Total & Permanent Disability Insurance

Unfortunately, there are times when illness or a serious accident can lead to total and permanent disability. To suddenly find yourself unable to do many of the things you love may be overwhelming not only for you, but for everyone around you.

If you become permanently disabled and can’t work due to illness or injury, you will need to find ways to cover the costs of treatment and rehabilitation, and to financially support yourself and your family.

With Total & Permanent Disability Insurance, the benefit is paid as a lump sum when you need it most. You can use the benefit in any way you wish including paying off your mortgage, making alterations to your home to accommodate the disability, or to pay for ongoing rehabilitation or therapy costs.

Benefits of Total & Permanent Disability Insurance

  • This optional insurance is only available with Real Life Insurance.

  • You can apply for this optional insurance if you are an Australian resident aged between 18 and 59, working at least 20 hours per week.

  • Depending on your circumstances, you can choose a benefit amount between $50,000 and $1,000,000, up to your chosen Real Life Insurance benefit amount.

Benefit amount

You can choose the benefit amount that suits your needs, in increments of $50,000. See the table below for the maximum cover amount available, dependent upon your age.

Age Maximum benefit
18 to 44 $1,000,000
45 to 54 $750,000
55 to 59 $500,000
60 to 74 Not Applicable

What’s covered?

Your benefit amount gets paid in full if you can’t work in any occupation due to a permanent disability, or if you suffer the loss of limbs or sight, or you become totally dependent on others for your care. Each of these are defined within the Product Disclosure Statement and if you lodge a claim your condition will be assessed against these definitions.

Things you should know

  • The intent of the policy is to cover you in the event that you suffer an injury or illness that is so severe that you will remain disabled permanently and are unlikely to ever be able to work again.
  • The benefit amount you can be covered for and ability to add optional Total & Permanent Disability Insurance are dependent on your circumstances.
  • There are a number of exclusions to this policy, including that any condition caused or accelerated by an intentional act will not be covered. You can read more about the exclusions in the Product Disclosure Statement.
  • This cover expires on the policy anniversary following the insured’s 65th birthday.
  • If you claim on this cover, it will reduce the amount of your life insurance benefit by the same amount as the claim.

For more information about Total & Permanent Disability Insurance, read the PDS.

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Add optional cover

Children’s Insurance

  • Cover your children aged between 2 and 17 years old
  • Choose a benefit amount from $20,000 up to $50,000 for each child insured
  • Covers a range of defined serious illnesses and injuries
  • Your child insured’s benefit amount is paid as a lump-sum if your child passes away
  • Use the benefit amount to cover the cost of treatment, rehabilitation or for anything else you may need
Learn More

Serious Illness Insurance

  • Available for Australian residents aged between 18 and 59 years
  • Get cover for some of the most common defined serious illnesses including a severe heart attack, cancer or stroke
  • Apply for a Serious Illness benefit amount from $50,000 up to $500,000, depending on your age and underwriting outcome
  • Use the benefit amount in any way you wish
Learn More

Other Commonly Asked Questions

What is TPD insurance?

Total & Permanent Disability Insurance (TPD) provides a payout to you in the event that you become totally and permanently disabled as defined in the Product Disclosure Statement. The maximum age you can apply for cover is 59, and cover can remain in place until the policy anniversary following your 65th birthday.

Is a TPD payout taxable?

A TPD benefit pay-out is generally not taxed. However, it's always best to check with a tax professional.

Should I have my Total & Permanent Disability insurance inside or outside super?

Most super funds offer life insurance, but with generally only a minimum level of cover in the event of death or TPD. You should ensure this cover will be enough for your needs, should you need to claim.

I already have life insurance. Do I need TPD cover too?

Life insurance provides a lump-sum payout if you die or are diagnosed with a terminal illness. TPD provides a lump-sum payment if you can’t work because you are totally and permanently disabled.

View all commonly asked questions

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