Q: What is TPD insurance? TPD insurance provides you with financial protection if a serious illness or injury stops you from being able to work permanently.
This includes accidents such as the loss of a limb or eye sight, or if you become diagnosed with a life-changing illness such as cancer or a motor neurone disease (MND). There are two types of TPD insurance:
- Any occupation. Any occupation TPD pays out if you can no longer work in any type of job suited to your education, training or experience (due to disability).
- Own occupation. Own occupation TPD pays out if you can no longer work in your current job (due to disability).