Homemakers can benefit too
Customers don’t need to be income earners to benefit – someone doing unpaid home duties can also be covered.
Total and permanent disability cover.
Support when your customers can no longer work
Total and permanent disability cover – Accelerated
If added to Life cover or Survivor’s income cover and a TPD claim is paid, the amount of the claim will be deducted from the Life cover or Survivor’s income cover.
For an additional premium, customers can buy back the amount of the reduced Life cover 12 months after the claim payment, without any medical evidence and subject to conditions (applies to Life cover only).
| Available in Platinum Plus, Platinum Plus Level Term and Mortgage Protector |
Total and permanent disability cover – Standalone
If added to Life cover and a TPD claim is paid, the amount of the claim won’t reduce the Life cover.
| Available in Platinum Plus, Platinum Plus Level Term and Mortgage Protector |
Available with TPD cover:
These are a selection of the covers and options available and require payment of an additional premium – for full details please read the customer brochure.
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If your customer is totally disabled, or they are receiving a partial disability benefit under an income protection type cover on the same policy, the premiums due on the entire policy after the waiting period ends will be waived. While your customer needs to pay premiums during the waiting period, any premiums paid during that period will be refunded.
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With business growth comes increased risk. This option allows an owner to increase the TPD cover when certain financial changes happen in their business without requiring further medical evidence.
Available in Platinum Plus
Related TPD covers
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Can be added to Trauma cover as an optional benefit. Requires payment of an additional premium.
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Can be added to Trauma multi cover as an optional benefit. Requires payment of an additional premium.
Frequently Asked Questions
We’ve compiled a list of the most commonly asked questions about this cover. For the full run down though, it’s really important you read our customer brochure.
See FAQs-
Yes, a partial benefit of up to $75,000 may be payable on the loss of use of a hand or foot or sight in one eye.
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Cover extends past retirement age – and will only finish up once they turn 100. But note the definition of what is considered totally and permanently disabled does change, depending on working status and duties.
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TPD cover can be taken out by people who aren’t getting paid for the work they do, like homemakers. There are a few conditions - check out the policy wording.
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Experiencing certain life events allows customers to increase their cover without additional medical evidence. For example: getting married, civil union, having children or taking out a mortgage, stopping work to take full time care of a dependent relative or when they reach ages 25, 30, 35, 40 or 45.
Business customers may also be able to increase their cover by up to $250,000, or 25% of the sum assured, without additional medical evidence. The increased cover amount will be proportional to the customer’s increased value to the business or any loan increase.
Need more info?
Contact your Business Manager or call us on 0800 88 22 88 - we’re here to help.