Real TPD Insurance

Receive up to $1,000,000 in TPD cover with Real Insurance.

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Total and Permanent Disability Insurance, also known as TPD Insurance, provides a lump sum benefit payment if you become totally and permanently disabled and are unable to work. This type of cover is designed to help cover your mortgage repayments, pay for medical expenses resulting from your injury, and provide ongoing financial support for your family.

Get a quote for Real Life Insurance with optional TPD cover and apply

Updated January 26th, 2020
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Available as an additional option on life insurance policies, TPD Insurance offers an extra level of protection and increased peace of mind for applicants. It helps ensure that you and your family remain financially secure if and when the unexpected happens.

What exactly is the Real Total and Permanent Disability Insurance Option?

The Total and Permanent Disability Insurance cover offered by Real Insurance is only available as an option with Real Life Insurance. It provides a lump sum benefit payment if you suffer a total and permanent disability. You can apply for this option if you are between 18 and 59 years of age and are an Australian resident.

The benefit payment from this optional cover can be used to help maintain your family’s financial security.

How much TPD Insurance can I apply for?

The minimum benefit amount that will be paid under Real TPD Insurance is $50,000. The maximum benefit amount payable under this type of cover varies depending on your age, as is shown in the table below.

AgeMaximum Benefit Amount
18 - 44$1,000,000
45 - 54$750,000
55 – 59$500,000
60 - 64Not applicable

Conditions apply, make sure you read the product disclosure statement (PDS) before applying. Information last checked as correct in November 2017 and is subject to change at anytime.

When will a benefit be paid?

Your Real Total and Permanent Disability Insurance cover will provide a benefit payment when you suffer a total and permanent disability while covered under the policy. This disability must be certified by a medical practitioner and confirmed by the insurance provider’s medical advisers.

Total and permanent disability is defined as where, as a result of sickness or injury, you:

  • Suffer the loss of your limbs or sight. This means the total and permanent loss of use of both hands or feet, one hand and one foot, the sight of one eye and the use of either one eye or one foot, or the sight of both eyes.
  • Are unable to work. If you’re not a homemaker, this is defined as a state of physical or mental incapacity that results in you being disabled and unable to work in any employed capacity for at least six consecutive months. In addition, you must be deemed to be unable to ever work in any occupation for which you are suitably qualified by education, training or experience. On the other hand, if you’re a homemaker you must be unable to engage in normal domestic duties for a period of at least six consecutive months, and be deemed unable to ever perform normal domestic duties or any occupation to which you are reasonably qualified.
  • Suffer a loss of independent existence. This means you suffer a permanent and irreversible inability to perform any two activities of daily living without the assistance of someone else: washing, dressing, eating, continence, mobility.

When will it not be paid?

Real Insurance will not pay a benefit under your Total and Permanent Disablement Insurance cover if your disability is a direct or indirect result of:

  • An intentional act performed by the life insured, the policyholder, or anyone who would otherwise be entitled to all or part of the benefit amount; or
  • An injury caused by your involvement in any motor sport as a rider, driver or passenger.

If more than 35% of your pre-tax income is earned from motor sports activities, only the "loss of independent existence" definition of total and permanent disability (outlined above) will be applied.

A benefit will also not be paid where Real Insurance has agreed upon a special term with you that specifically excludes the event or condition leading to your claim.

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