What does TPD cover?
TPD Insurance provides financial protection if you become permanently unable to work due to a severe illness or injury. The type of coverage depends on the definition chosen in your policy, such as “Any Occupation,” “Own Occupation,” or “Activities of Daily Living.” Each definition outlines specific circumstances under which you can make a claim.
Key coverage options under TPD Insurance include:
- Any Occupation: Covers you if you are permanently unable to work in any job suited to your education, training, or experience.
- Own Occupation: Covers you if you are permanently unable to work in your current or specialised occupation.
- Home duties: Provides a benefit if you are unable to continue performing regular home duties such as cleaning the house, preparing meals for the family, doing the laundry, shopping for groceries, caring for your dependent children.
- Activities of Daily Living (ADL): Covers you if you are unable to perform 2 of the 5 essential daily tasks, such as dressing, bathing, eating, or moving without assistance, due to a disability.
