If you have suffered an illness or injury and you are unable to work, you may be entitled to make a Total Permanent Disability (TPD) Insurance Claim through your superannuation.
Most people are unaware that they have TPD insurance. Many people are insured through their superannuation and don’t know they have TPD insurance under their policy. If you have TPD insurance, you may be able to make a Total Permanent Disability claim subject to satisfying the criteria of been unfit for work under your specific insurance policy. A TPD insurance policy can often be hundreds of thousands of dollars – and in some cases much more.
At Iconic Legal we guide our clients through the complex claims process, and settle their claim with the insurer. You always get a better outcome negotiating with the insurer when you are legally represented.
Even if you aren’t sure if you would like to proceed with a claim right now, we still recommend obtaining obligation free legal advice by booking in a free initial consultation with an experienced personal injury lawyer today.
We are based on the Gold Coast and service client's throughout Queensland.
TPD Insurance provides a payout to you in the event that you become permanently disabled (injured or ill) and can no longer work in any occupation.
Generally, the maximum age you can apply for cover is 59, and cover can remain in place until the policy anniversary following your 65th birthday.
However, some insurers offer insurance up to the age of 62 years for normal TPD and up to 65 years for modified TPD.
Most people are unaware that they have TPD insurance. Many people are insured through their superannuation and don’t know they have TPD insurance under their policy. Any money paid to you if you are found to be TPD is compensation. The benefits in your superannuation fund is not withdrawn and will remain in your account.
You need to prove that your illness or injury has caused an incapacity for work and that you are Totally and Permanently Disabled within the meaning of your insurance policy. Whether you are TPD is a medical question that only a suitably qualified medical expert can provide an expert opinion about .
The amount of compensation you may be entitled to if you are Totally and Permanently Disabled depends on the benefit listed under your policy. There are many factors that determine what you level of coverage is. The lump sums that are available under different policies can be hundreds of thousands of dollars – and sometimes much more.
When your TPD claim is assessed, you either ‘are’ or ‘are not’ Totally and Permanently disabled and you either fit the policy definition or you do not. If you fit the definition, you get your full lump sum policy amount. If you don’t fit the definition, you get nothing. It is not good enough to be close to being totally permanently disabled. In such a case, you would not receive any benefit. This is why it is especially important to be very particular with your case, and to have a lawyer handle it for you. The difference in reaching the definition or not can hinge on the smallest details.
Yes, if you have multiple superannuation policies across various superannuation funds, you may have an entitlement to make a TPD claim under each policy.
Book your free initial consultation by:
We will meet with you face to face, or speak to you over the phone at a day, time and place that is convenient for you.
We will listen and hear your story.
You can email us any documents, photos or information that may be relevant to your potential claim.
We will give you clear and prompt advice so you know your options and next steps.
If we offer to act for you, we will do so on a 'no win, no fee' basis. If you accept our offer to act, we will hit the ground running, investigate your entitlements and get your claim going.
The insurer will determine your Total Permanent Disability claim. If the insurer accepts the claim payment can be made. If not, we can advise you further as to potential action that can be undertaken which could include seeking a review, providing further evidence, requesting an informal settlement conference, and/or commencing court action.