What is Total and Permanent Disablement (TPD) cover?
Total & Permanent Disability cover pays a lump sum if you suffer a permanent disability (according to policy definitions) that prevents you from working. Payments are generally not made until the disability has been evident for a period of six months, and until the insurer deems that you are unlikely to work again. This type of cover is suitable for anyone who is currently working.
Related Questions
- Can a veteran or servicemember apply for a GI home loan from a private lender to cover the difference between the total cost of the house and the grant?
- Do the benefit amounts reported on the annual (AN) cover the total paid for the previous year or the total paid over the life of the claim?
- For Couples and Family policies do the cover limits apply in total?
