Things to Know About TPD Insurance
If an individual is unable to work due to illness or injury, he/she mighty be entitled to the TPD (Total & Permanent Disability) insurance benefit by superannuation. The insurance provides the cover in the form of a lump-sum payment if you get an injury and cannot work in your usual occupation. Even if you are unable to work in any occupation for which you are educated or trained, you can make total permanent disability claims . Important Facts About TPD Insurance TPD insurance can provide financial support if you are unable to work. It is best suited in case you are likely to never work within the current skills due to illness or injury. To claim on the insurance policy, you would need to show that you are unfit for the usual employment permanently. Along with these, there are numerous things that you need to know about the insurance · Lump-Sum Payout TPD takes the form of a one-off cash benefit that could be up to $1 million. It is completely your choice that h