TPD Insurance Claims

tpd insurance claims

TPD Insurance Claims

Frequently Asked Questions

Typically, TPD coverage offers financial advantages to people who cannot work in their normal occupation any more, or any other job role that they are qualified for because of poor health, or physical or mental disability.

People who are injured severely, or who did not have a job when they became disabled, might be subject to different rules. In these situations, people are normally defined as being unable to care for themselves, or unable to perform basic living tasks like walking, cooking, bathing or dressing.

Am I Eligible for TPD (Total and Permanent Disability)?

To receive TPD payments, you will have to demonstrate that your illness or injury prevents you from holding down a job, and that you cannot carry on doing your regular job or any other role that matches your education, expertise or training.

In contrast to other injury claims, if you claim for TPD it is not necessary to show that the illness or injury was someone else’s fault, or that you became disabled at work.

For instance, if you are a cancer sufferer, or have a mental health problem like schizophrenia and cannot work, you can still get benefits. You simply have to prove that the illness or injury is notable and has prevented you from earning a salary, or has significantly affected your ability to perform day to day activities.

How Much Money Will I Receive?

As long as you satisfy the appropriate criteria, you can get your insurance benefits and gain early Superannuation access. Such payments might come in one go, or in frequent installments.

As far as the amount of money that might be paid, this is based on the kind of insurance policy you have, and the amount you are covered for. Normally, these details are mentioned in the small print of your statements or policy.

Most of the time, these payments are offered alongside Centrelink payments and other compensation you might receive for the illness or injury.

tpd insurance claims

What Proof do I Require for TPD Insurance Claims?

All claims need supporting medical documents, demonstrating that you satisfy the conditions for TPD. Physicians will have to be comprehensively briefed about the associated definitions and how they should be interpreted. Nonetheless, medical issues are only one aspect of qualifying for TPD.

Every aspect of your training, education and job history needs to be examined and proof shown as to why it is not possible for you to do job that may be classed as suitable.

Although you might be medically cleared to work in an office job, you might lack the expertise, aptitude and knowledge required to land a role that suits you. Are jobs being advertised near to your home address? What additional obstacles stand in your way of becoming employed?

Getting hired is great, however keeping that job over the long term might be more difficult, due to the illness or injury. If you can get a job but not sustain it, you might still qualify for TPD benefits.

Absolute Insurance can help you

Absolute Insurance is a Perth owned family business who specialise in offering a range of insurance services from Perth to Mandurah. As an insurance broker, we make sure you are getting quality insurance that suits your needs and situation.

What Is Trauma Insurance?

tpd insurance claims

Insurance is available in all forms. Among the most popular insurance options are life and income insurance. These insurance options play a vital role in ensuring one’s well-being and ability to ‘bounce back’ or recover should there be an unfortunate event. One type of insurance that is hardly ever considered, however, is that of trauma insurance.

What is Trauma Insurance?

Trauma insurance is insurance that will provide you with a lump sum insurance payout in the eventuality that you are diagnosed with what is considered a traumatic medical condition. Such traumatic medical conditions include heart attack, stroke, or cancer to name a few. Below, we take a closer look at how having trauma insurance will work for you, your family, and your loved ones.

Why Do I Need Trauma Insurance?

If you are a perfectly healthy and fairly young adult, you may be wondering why you would need trauma insurance. You may be surprised to know that many young people make use of trauma insurance in Perth. Unexpected health conditions can affect you even while you are young.

What is Trauma Insurance
Here at Absolute Insurance, we identify the best, most comprehensive, and affordable trauma coverage for you.

Some of the common medical conditions covered by most trauma insurance policies include:

Heart attack
Multiple Sclerosis
Coronary artery bypass surgery
Sight, hearing, or speech loss
Parkinson’s Disease
HIV, Hepatitis B or C acquired occupationally
Severe rheumatoid arthritis

In addition to being traumatic, many of the illnesses listed above are life-threatening. For all these reasons, obtaining a trauma insurance quote will prove to be beneficial.

How Trauma Insurance Coverage Works

As beneficial as trauma insurance is, however, surveys show that approximately 93% of Australians would have no coverage in the event of a critical illness diagnosis. Trauma insurance was developed out of the realisation that certain trauma conditions have an up to 80% survival rate.

However, treatments after survival often continue throughout the life of the survivor – thereby increasing their daily living expenses. Trauma coverage was developed to address this rise in living costs and allow for some relief to those suffering from the trauma by covering the medical expenses and funding any other medical care.

Importantly, any given Trauma Insurance policy can cover up to 30 trauma conditions or as few as 10 or 15. As such, policies should be studied carefully. Here at Absolute Insurance, we identify the best, most comprehensive, and affordable trauma coverage for you.

What Is Life Insurance?

life Insurance

Life Insurance

Life insurance is the lump sum paid to your family in case of your death or a terminal illness. The benefit of life insurance is the financial security provided to your family after you pass away.

What are the different kinds of life insurance?

There are many kinds of life insurance which help you in difficult situations. If you want more protection it will cost you more. Each type of insurance provide a certain benefit payment to help you after events such as disability, death, critical illness, or serious injury.

Here is a quick look of each of these products which can be extremely useful as a financial safeguard.

Term Life Insurance

Term life insurance provides a lump sum payment to you or your beneficiaries when you die or are diagnosed with a terminal illness which will result in death within a specified period which is usually 12 or 24 months. If you have not nominated any beneficiaries, the proceeds will be distributed in accordance to your will.

Term life insurance can help your dependents pay out your debts and can also provide for the future needs of your children. The money can also be invested and used for gaining an income.

life Insurance

Total and Permanent Disability (TPD) Cover

TPD cover pays you a good sum if you become totally and permanently disabled.

TPD essentially means that you are disabled to the extent that you will may be unable to work again. It can be defined as unable to work in your own current job, or unable to work in any job again.

Trauma Insurance

Trauma insurance can pay you a lump sum of money to meet medical expenses and clear the debts when you suffer a medical trauma.

Medical traumas are defined as a list of specified illnesses and injuries and will vary between policies. Some of the more commonly defined events are cancer, stroke, and heart attack.

Income Protection Insurance

Income protection insurance pays you a monthly benefit if you are not able to work for a certain period of time due to illness or injury.

Policies will insure you for a set percentage of your current regular income and for a certain length of time.  You can make a claim and your income protection insurance will start after a certain waiting period mentioned in the policy. The policy will pay you the agreed amount till you to return to work or for the agreed period of time.

Some companies will insure 75% of your total package including your superannuation contributions. Others may cover 75% of your salary and pay 100% of the usual super contributions to your super fund.

How can I get a Policy?

If you are thinking about getting life insurance, speak to Absolute Insurance today.

We can help you compare policies to see the level of cover they offer, exclusions and value to find a policy that is suited to your situation.