What is Total and Permanent Disability (TPD) Insurance?
Total and Permanent Disability (TPD) Insurance provides financial support if you become totally and permanently disabled and are unable to work due to an accident or illness. It offers a lump-sum payment designed to help cover living expenses, medical costs, debts, or modifications to your home.
The insurance generally requires you to meet the specific conditions outlined in your policy, which often include being permanently disabled for at least 3 to 6 months before making a claim. TPD Insurance typically offers coverage under different definitions, such as “Own Occupation” or “Any Occupation,” or “Home Duties” or “Activities of Daily Living” depending on your circumstances and chosen policy.
