Total and 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 Life Insurance.

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

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

Benefit Amounts

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 64 Not Applicable

What’s Covered?

Your Benefit Amount will be 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.
  • 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, download the Family Life Cover PDS.

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Add Optional Cover

Children’s Insurance

  • Cover your children between ages 2 and 17 years old
  • Choose a Benefit Amount from $20,000 up to $50,000 for each child insured
  • Covers a range of specified serious illnesses and injuries
  • Paid as a lump-sum if your child passes away
  • Use the Benefit Amount in any way you wish

Serious Illness Insurance

  • Available for Australian residents aged between 18 and 59 years
  • Choose a Benefit Amount from $50,000 up to a maximum of $500,000
  • Cover for some of the most common serious illnesses
  • Use the Benefit Amount in any way you wish

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.