TAL TPD Insurance

Information verified correct on September 24th, 2016

Receive up to $5 million in cover with TAL TPD Insurance

TPD or Total Disability Insurance is an insurance policy which can pay a person a lump sum in the event of disability which will render him unable to work. It can be purchased as a separate cover from life insurance or linked to life insurance. Getting TPD covers you for any extra expenses your illness or disability would incur. These costs could include some or all of the following – medical expenses, rehabilitation programs, and equipment used for the rehabilitation of the person. Some policies even include payment for the care received by the disabled.

TAL TPD cover will provide a lump-sum benefit payment up to $5 million if you are to suffer total disability and are unable to work again. The policy is packed with a range of additional options and in-built features so you can tailor it further to suit your needs. If your ready to receive a quote for cover, simply enter your details in the form below.

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Coverage is the amount of money that you will be paid in the event of a claim. An insurance consultant can help you determine an appropriate amount. Calculator
Provides a lump sum payment if you become totally and permanently disabled and are unable to return to work.
Provides a lump sum payment if you suffer a serious medical condition. Cover can be taken out for 40-60 medical conditions depending on the policy you choose.
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BenefitPolicy Features
TPD Benefit
  • Yes
Inflation Protection Benefit
  • Yes
Premium Freeze Benefit
  • Yes
Guaranteed Future Insurability Benefit
  • Yes
Child’s Critical Illness Benefit
  • Yes
Financial Planning Benefit
  • Yes
Accommodation Benefit
  • Yes
Grief Counselling Benefit
  • Yes
Optional Benefits
Death Buy-Back Option
  • Yes
Double TPD Option
  • Yes
Premium Relief Option
  • Yes
Business Insurance Option1
  • Yes

Why is TPD worth having?

Statistics have stated that there are at least 516,700 Australians between the ages of 15 to 65 who are totally or severely disabled because of illness, injury, or accidents - that is 20% of the total Australian population.

But more than the statistics, there is a very valid and important reason why Total and Permanent Disability Insurance is needed - a sudden accident resulting in disability could drastically change your lifestyle. With this additional strain, your family might undergo a lot of stress not only financially, but emotionally as well. Moreover, the savings that you have might not be enough to sustain your family if your disability continues. That’s why even before such things happen it is better to arm yourself with TPD insurance such as the TAL TPD Insurance.

What does the TAL TPD Insurance policy cover?

TAL Australia has various flexible options how you can purchase TAL TPD – attached to Life Insurance, linked to Critical Illness Insurance, or linked to Life Insurance. But no matter which option you choose, it still performs according to its purpose – to give you cover for any accidents or illness which could render you totally or partially disabled and is unable to perform some activities of daily living, like bathing, dressing, and moving from place to place.

TAL TPD has comprehensive built in features as well as optional benefits can be purchased if you want to boost your cover. Some of those features include indexation of benefits, increase cover in the future, and cover for your child. For a closer look, here are some of those benefits:

  • Comprehensive Cover – With TAL TPD, you can get up to a maximum of $5 million cover for permanent disability.
  • Indexation of Benefits – The benefits that you have are also protected against inflation. Thus, your cover is automatically adjusted in line with the Consumer Price Index, or less than 5%.
  • Increase Cover in the Future – If you need an increased cover in the future because significant life events, like marriage, having children or buying a bigger house with a bigger mortgage, you can increase your cover without providing extra medical evidence through TAL TPD’s Guaranteed Future Insurability Benefit.
  • Cover for your Children – TAL TPD does not only cover you, but one of its built-in benefits, Child’s Critical Illness Benefit, sees to it that your child is also protected. If your child suffers from any critical illness stated in the policy, you will receive a lump sum payment of up to $10,000 to help you with any medical expenses the illness could incur.
  • Counselling – Everybody who has experienced the loss or accident of a loved one knows the emotional strain it brings. There is just a need to express that pain. TAL TPD understands this; therefore, it provides you with a benefit where you can ask an expert’s help through counselling.
  • Accommodation Benefit – If a loved one has to take care of you in the event of your confinement in bed a 100km away from home, the built-in Accommodation Benefit will pay that family member who will care for you up to $250 a day for 14 days.

TAL TPD has also additional benefits and features which you can add for an extra cost to provide additional cover for you and your business.

  • Repurchase your TPD Insurance.If you have received a 100% TPD benefit payment but still wants cover after that, the TAL TPD Death Buy-Back Option allows you to repurchase that cover.
  • Waived Premiums.If you have become ill or injured, the possibility of being unable to work is big. With the Premium Relief Option, TAL TPD will waive your premiums in the event you are unable to work for three consecutive months because of an illness or injury.

Giving your family, your business, and yourself cover is a necessity than a burden. The premiums that you pay is small compared to the financial benefits you could receive when an illness or injury occur. TAL TPD provides you with features and options you need to have the important things of your life covered.

Am I eligible?

The eligible entry age for TAL TPD Insurance is determined by the type of premium selected:

  • If level premiums are selected (fixed premiums), the entry age range is between 16 and 60 years, with an expiry age of 100.
  • If stepped premiums (those that increase with age) are chosen, the entry age range is between 16 and 62, with an expiry age of 65.

Under what circumstances is the benefit not paid?

The following exclusions apply to TAL TPD Insurance:

  • No benefit will be paid if the disablement is the result of an intentional self-inflicted act.
  • No premiums will be waived under the Premium Relief Option (premium exemption during the period of disablement) if the disablement is due to an intentional self-inflicted act or to pregnancy* (*conditions apply).
  • Unless the policy is linked to life insurance, no benefit will be paid unless the insured survives their illness or injury for at least 14 days.

Receive a quote for TPD Cover from TAL

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