Total and Permanent Disability (TPD) Cover pays a lump sum of up to $5 million if your client is totally and permanently disabled or partially and permanently disabled due to sickness or injury*.
Your client can choose TPD Cover as a stand-alone policy, or combine it with Life Care, Trauma Cover, Child Cover or Accidental Death Cover.
We offer three different TPD definitions:
*Not available inside super.
At a glance
Download the PDS for full list of benefits >
When is a benefit paid?
We’ll pay a TPD benefit if:
*Partial and Permanent Disability
If your client suffers the loss of one hand or one foot or partial blindness, and their TPD Cover is outside of superannuation, we will pay 25% of their TPD sum insured up to a maximum of $500,000.
Please read the definitions in the PDS to fully understand these benefits.
Grant, an IT consultant was earning $150,000 a year. His financial adviser recommended he put in place a financial plan that included TPD Cover.
Just as well he did, because six years later a truck crashed into Grant's car while he was driving home from work one night. Grant suffered a major head trauma, multiple fractures and a spinal injury which left him a quadriplegic.
As a result of his injuries, Grant was totally and permanently disabled, as defined in the CommInsure Protection Product Disclosure Statement (PDS). CommInsure paid Grant a lump sum of $800,000 quickly after he notified us of his claim as there was no waiting period for this day one condition. This helped cover medical expenses and rehabilitation care as a result of his paralysis. Importantly, he was also able to pay off his mortgage and modify his home so he could move about more easily.
Imagine the financial consequences for Grant and his family if he hadn’t had TPD Cover?