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To have a successful TPD insurance claim, you must satisfy the TPD definition of your Total and Permanent Disability insurance policy. TPD policy terms and conditions vary between insurance providers and superannuation funds. However, one universal requirement is that you must have a serious illness or injury that stops you from working in your regular occupation, or (in most cases) one for which you have education, training or experience. Most working Australians have TPD cover through their superannuation fund. But some have a stand-alone policy. Regardless of how you buy TPD insurance, a successful insurance claim relies on understanding your policy’s definition of total and permanent disablement, including the difference between ‘Any Occupation’ and ‘Own Occupation policy’.
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