What is TPD Insurance?

Total Permanent Disability (TPD) insurance provides a financial safety net if you become permanently disabled due to injury or illness and can’t work. It gives you a lump sum to cover medical expenses, rehabilitation, and everyday costs like your mortgage or rent. The main definitions of TPD insurance that determine how and when you can claim: Own Occupation & Any Occupation.

What’s the difference between them?

• Own Occupation TPD: This covers you if you can’t work in your usual job. Even if you can work in a different field, you can still claim. This type of cover offers more protection but comes with a higher price tag.

  
  

• Any Occupation TPD: This covers you if you can’t work in any job that suits your education or experience. It’s more affordable, but the claim process is harder, and it’s less likely to pay out.

  
  

How to Choose the Right TPD Insurance

The type of TPD insurance you choose impacts how you can claim and how much you’ll pay for premiums. Each definition has its pros and cons, so it’s important to understand what works best for you.