What is it Total and Permanent Disability (TPD) Insurance?

REDCLIFFE, Australia - Aug. 23, 2023 - PRLog -- Crew Legal is a personal injury law firm, in Redcliffe, north of Brisbane. Here, Director Shane Crew discusses Total and Permanent Disability (TPD) Insurance with the aim to provide a clearer understanding of it.

TPD Insurance is a type of insurance policy you can purchase either privately or through your superannuation account. This policy will pay out a benefit should you meet the definition of becoming totally and permanently disabled from employment.

There are two types of TPD policies:

• An Own Occupation Policy – for this policy, the definition you would need to meet to receive a payout is that you become totally and permanently disabled from your own or usual occupation.
• Any Occupation Policy – for this policy, the definition you would need to meet to receive a payout through illness or injury is that you are totally and permanently disabled from any occupation or form of employment you might be reasonably suited to undertake through education or experience, making this one a little more difficult to meet.

The application process

First, lodge your application. You will need to obtain your own medical report from a treating general practitioner and a treating specialist which sets out if you meet the threshold of being totally and permanently disabled from work.

Then, when the insurer receives the application, they are entitled to review it and perhaps send it off to an independent expert or specialist to collaborate. The specialist may choose to have another examination conducted to get an independent view.

If the insurer's specialist comes to a different conclusion than the original treating practitioner and specialist, you can seek a further independent specialist to review the reports and conduct a further examination if necessary. These doctors will all help the insurance company to make a determination on your claim.

The personal injury lawyers at Crew Legal have extensive experience in conducting TPD claims. Please don't hesitate to contact us for a free initial consultation. We are here to ensure your rights are protected.

https://crewlegal.com.au/contact-us
https://crewlegal.com.au/total-permanent-disablement-claims/