Total and Permanent Disability (TPD) Insurance

Providing for your loved ones when you are gone.

Money Magazine Best value direct life and TPD insurance, white collar professionals

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TPD Insurance with TAL

Total and Permanent Disability Insurance provides you with a lump sum payment, giving you the means to access the best medical and rehabilitation treatments, and providing you with financial security so you can go on making the most of your life.

Key features & benefits

  • Total and Permanent Disability Benefit

    You can get a quote online for cover up to $1.5 million. For cover up to a maximum benefit of $3 million please call us on 131 825 or speak to your Financial Adviser.

  • Advanced Payment Benefit

    An advanced payment of 25% of the benefit amount ($500,000 maximum), if you suffer permanent loss of use of a single limb or eyesight in one eye. Not available when structured through superannuation.

  • Inflation Protection Benefit

    Your benefit amount automatically increases on the Policy Anniversary by 5% or the indexation factor, whichever is higher, to keep pace with inflation.

  • Guaranteed Future Insurability Benefit

    You can apply to increase your cover by up to $200,000 without providing additional health information, when a significant life event occurs eg. marriage, childbirth, home-buying.

  • Long Distance Accommodation Benefit

    Reimburses up to $250 per day, up to 14 days, for accommodation costs of an Immediate Family Member when they are required to travel 100km+ to be with you.

Resources

 

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What is TPD Insurance and how does it work?

Total and Permanent Disability (TPD) insurance provides cover if you were to become totally and permanently disabled due to illness or injury and subsequently unable to work.

TPD insurance provides you with a lump sum payment, giving you the means to access medical and rehabilitation treatment.

How much will TPD Insurance cost?

The cost depends on your age, gender, occupation, lifestyle and medical history. Costs can also vary according to the policy’s features.

At TAL, we understand that everyone is unique, so naturally your insurance should be too. That's why we've created TAL Coverbuilder to allow you to build your cover, your way.

With our Coverbuilder you can choose your insurance and your cover, tailor your cover amount and select the options that best suit you.

We’re encouraging healthy lifestyles

Introducing our TAL Health Sense Discount. Rewarding you with up to 15% discount on your Life, TPD or Critical Illness policy.
Find out more

What other benefits does Total and Permanent Disability Insurance include?

Not all benefits, options and sum insured levels are available online

Total and Permanent Disability Benefit

The Benefit Amount is paid if you become Totally and Permanently Disabled, depending on the applicable TPD definition.

TPD Benefit

Total and Permanent Disability Benefit

The Benefit Amount is paid if you become Totally and Permanently Disabled, depending on the applicable TPD definition.

Advanced Payment Benefit

Advanced Payment Benefit

An advanced payment of 25% of the TPD Insurance Benefit Amount, up to a maximum of $500,000 if you suffer Loss of use of a Single Limb (permanent) or Loss of Sight in One Eye (permanent).

Death Benefit

Death Benefit

Pays the lesser of $10,000 or the Benefit Amount if you die and the TPD Benefit is not payable.

Inflation Protection Benefit

Inflation Protection

Automatically increases the Benefit Amount on the Policy anniversary by the greater of 5% and the Inflation Factor to help keep pace with inflation. Increased cover affects your premium, so you have the option to remove this benefit.

Premium Freeze Benefit

Premium Freeze

Your premiums stay the same and the Benefit Amount will reduce at each Policy anniversary. This benefit can only be exercised if stepped premiums have been selected and you are at least 30 years of age.

Financial Planning Benefit

Financial Planning Benefit

Reimburses up to $5,000 on fees for professional financial planning advice incurred when we pay 100% of the Benefit Amount.

Your financial plan must be prepared by a financial adviser within 12 months of the date we paid your claim and we must receive evidence of the financial plan.

Long Distance Accommodation Benefit

Long Distance Accommodation Benefit

Reimburses up to $250 per day, up to 14 days, for accommodation costs of an Immediate Family Member when they are required to travel more than 100km to be with you.

To be eligible, you must be Bed Confined more than 100km from your usual place of residence and the Terminal Illness Benefit, 100% of the TPD Insurance Benefit Amount or 100% of the Critical Illness Insurance Benefit Amount has been paid. 

Grief Support Benefit

Grief Support Benefit

This benefit is available to you or your Immediate Family Member who need support when we pay 100% of the Benefit Amount. We will reimburse the cost of up to 3 grief support sessions, to a total maximum cost of $1,000 for all 3 sessions, with an accredited health provider approved by us, acting reasonably (the health provider should be competent, recognised and appropriately qualified to provide the support). 

Child's Critical Illness Benefit

Child's Critical Illness Benefit

Pays a benefit of $10,000, if your child (aged between 2 and 19 next birthday) suffers a Child’s Critical Illness Event listed under the Child’s Critical Illness Insurance. The severity criteria set out for the events in Section 9.3 in the PDS must be met in order for a benefit to be payable. Pre-existing conditions are excluded, and certain conditions are excluded if they occur or were diagnosed within three months of the Policy commencing or being reinstated.

What important details do I need to know?

What’s not covered?

No payment will be made under TPD insurance and any included or optional benefits (if applicable) if the claim arises directly or indirectly because of an intentional, self-inflicted act by the Life Insured. If TPD Insurance is Attached or Linked to Life Insurance, the TPD Benefit will not be paid if you are also eligible for the Terminal Illness Benefit under Life Insurance. If TPD Insurance is not Attached or Linked to Life Insurance, no payment will be made under TPD Insurance unless the Life Insured survives the Sickness or Injury which resulted in Total and Permanent Disability for at least 14 days.

 

What's not Covered
What’s not covered?

No payment will be made under TPD insurance and any included or optional benefits (if applicable) if the claim arises directly or indirectly because of an intentional, self-inflicted act by the Life Insured. If TPD Insurance is Attached or Linked to Life Insurance, the TPD Benefit will not be paid if you are also eligible for the Terminal Illness Benefit under Life Insurance. If TPD Insurance is not Attached or Linked to Life Insurance, no payment will be made under TPD Insurance unless the Life Insured survives the Sickness or Injury which resulted in Total and Permanent Disability for at least 14 days.

 

When TPD Insurance ends

When TPD Insurance ends

TPD Insurance will also end and our liability to pay a benefit under the Plan will cease on the earlier of the:

  • Policy anniversary before the Life Insured’s 65th birthday;
  • date we receive the Policy Owner’s written request to cancel the Plan or Policy;
  • Policy being cancelled because of non-payment of premiums;
  • date we cancel or avoid the Policy because of an innocent or fraudulent non-disclosure and/or misrepresentation made by you or the Life Insured before our acceptance of the Policy or because you made a fraudulent claim;
  • death of the Life Insured; or 
  • full Benefit Amount being paid or reduced to nil (when this occurs, the Financial Planning Benefit and Grief Support Benefit will remain available for 12 months after the Benefit Amount was paid).

Loadings & Exclusions

Loadings & Exclusions

In some cases we will be unable to provide you with all or some parts of the Cover for which you have applied.

In other cases, Cover may be subject to conditions such as a Premium Loading, or an Exclusion.

A Premium Loading will mean that you pay a higher premium for the Cover.

An Exclusion will mean that you will not be Covered if you suffer a specified excluded medical condition, or you are injured as a result of participating in an excluded pastime or activity.

Tailoring your plan

Choosing a Premium Structure
You have the choice of Stepped or Level Premiums. Your choice will impact your monthly premium, and how your premium increases each year. 

Inflation Protection Benefit
Inflation Protection automatically increases your cover amount by 5% every year, or by the Consumer Price Index – whichever is greater. Your premiums will also increase accordingly. 

Guaranteed Future Insurability Benefit
If a specific life event happens, for example getting married or having a child, you can easily update your TPD Insurance cover. 

Bundling your insurance
If you have Life Insurance with TAL, and have added TPD or Critical Illness Insurance to your plan, you have the option to keep each insurance independent from each other within your plan, or Bundle them together. 

Premium Freeze Benefit
The Premium Freeze Benefit can only be activated if we are charging premiums on a stepped premium basis and the Life Insured is older than age 30. You may elect to activate the Premium Freeze Benefit by notifying us in writing. If you choose to exercise the Premium Freeze Benefit, your premium will remain unchanged, but the Benefit Amount will reduce on a yearly basis at each Policy anniversary. This is because insurance generally becomes more expensive as you get older. The reduction of the Benefit Amount will be calculated based on your age and the premium rate applicable to you. If you notify us that you wish to apply the Premium Freeze Benefit, the Inflation Protection Benefit will not apply. If you notify us that the Premium Freeze Benefit is to cease within three years of it starting, the Inflation Protection Benefit will then recommence but only if it was applicable before the Premium Freeze Benefit being activated.

What other insurance can I include in my TAL life insurance plan?

TAL Accelerated Protection has a range of Insurances you can include in your life insurance plan

Why choose TAL as your TPD Insurance provider?

Australia's leading life insurer
TAL is a leading Life Insurance specialist
TAL Customers
Trusted by over 5 million customers
Commitment to Claims
$4.2 billion in claims paid in 2023/24 FY
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Download the PDS

Everything you need to know about TAL Accelerated Protection

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How to apply

Apply for TPD Insurance with TAL.

Are you eligible for TPD Insurance?

To be eligible for TAL TPD Insurance, you must be:

  • Between 18-60 years old next birthday (level premiums) OR
  • Between 18-62 years old next birthday (stepped premiums)
  • A citizen or permanent resident of Australia or a New Zealand citizen residing permanently in Australia.

You’ll be asked a few questions related to your job, health and lifestyle, so we can determine if you have increased risk factors we need to consider in relation to your policy.

Step by step

1. Use TAL’s Cover Builder to get a quote, and speak to one of our advisers to answer any questions you might have.

2. Review your quote and the Product Disclosure Statement very carefully to make sure it suits what you need.

3. Pay for your cover and make sure you know where all your documents are in case you ever need to make a claim.

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TPD Insurance FAQs

How much cover can I apply for?

You can get a quote for up to $1.5 million of TPD Insurance cover online. Cover available for ages 19–62 (age next birthday). For cover up to a maximum benefit of $3 million please call us on 131 825 or speak to your Financial Adviser.

What does TPD Insurance cover?

Total Permanent Disability (commonly referred to as TPD) insurance provides a lump sum payout for you, if you were to become totally and permanently disabled due to injury or illness and are unable to work in any capacity in any occupation based on your previous education, training or experience.

You can choose your amount of cover, up to $3 million, giving you the means to access medical and rehabilitation treatments, so you can go on making the most of your life.

Do I need TPD Insurance?

TPD insurance can help give you the financial peace of mind that you will be looked after financially during your recovery, if you suffer a permanent illness or injury. Without the financial security of a TPD insurance lump sum payment, and without an income as you’re unable to work, it may be challenging to pay your day-to-day bills, manage any medical expenses and maintain your current standard of living.

How much TPD Insurance do I need?

The right amount of cover for you will depend on your age, occupation, lifestyle, family circumstances and financial situation. Because everyone is unique, the right amount of cover for you is a personal decision. You should factor in your financial situation and any other types of life or health insurance policies you have when considering your TPD Insurance policy. At TAL, cover is available up to a maximum benefit amount of $3m if you become totally and permanently disabled

Can I take TPD Insurance?

TPD Insurance is available to eligible Australians who are currently gainfully employed. We assess your situation at the point of application, and your insurance policy is based on your circumstances at that time.

However, if your circumstances change for the better (e.g. you move to a lower risk occupation or quit smoking), you could be entitled to a lower premium, and you can request an alteration to your policy.

Can I get TPD without a medical examination?

Generally, it’s not necessary to undergo a medical examination when applying for TPD Insurance. At TAL, we will ask you some questions about your medical history. You have a duty to tell the insurer anything you know that may be relevant to our decision about providing you with insurance.

This duty applies when you first apply for TPD Insurance, and on an ongoing basis if you choose to extend, vary or reinstate your insurance policy.

How are the TPD payouts paid?

After you suffer a specified illness or injury, we can start assessing your TPD claim after you have been out of work for three months in a row. In some cases you may qualify to be assessed immediately, such as due to blindness or loss of limb. Once your claim has been approved, we aim to make your payment as soon as possible. If you remain off work due to illness or injury and you’ve provided us with the claim requirements, you’ll start to receive payments one month after the waiting period ends.

Is Trauma Insurance the same as Total and Permanent Disability insurance?

Although these two insurance policies may seem similar, they offer different types of cover that offer benefits in different situations. When you experience a specified illness or injury, trauma insurance will pay a benefit while you are trying to get back to work. However, TPD insurance will pay a benefit if you are unable to ever return to work, in accordance with your Policy Schedule.

Are TPD Insurance payouts tax deductible?

With TPD Insurance, your policy premiums are not tax deductible. However, the Lump Sum Payment you receive as a TPD payout are generally not subject to tax, either. This means the full benefit amount payable is yours, tax-free.

How do I make a TPD Insurance claim?

TPD claims don't have to be related to a workplace or caused by someone else's negligence. To make a TPD insurance claim, contact us as early as possible. This gives us the opportunity to gather the evidence we require to assess your claim, as delays may impact the time it takes us to process your claim.

When we are notified that you wish to make a claim, we will provide the forms that need to be completed and explain in detail our requirements and what the next steps are.

Wondering what a claim could look like?

Use our handy claim benefits tool with real claims statistics to find out what a claim payment might mean for you.

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2024 © TAL Services Limited a Dai-ichi Life Group Company.

"TAL is Australia's leading life insurer" based on Inforce premiums for risk only life insurance policies, NMG Consulting (2023).

Any financial product advice is general in nature only and does not take into account any person’s objectives, financial situation or needs. Before acting on it, the appropriateness of the advice for any person should be considered, having regard to those factors. Persons deciding whether to acquire or continue to hold life insurance issued by TAL should consider the relevant Product Disclosure Statement (PDS). The Target Market Determination (TMD) for the product (where applicable) is also available. Life insurance issued by TAL Life Limited ABN 70 050 109 450 AFSL 237848.