What is Super TPD and am I eligible?
What is Super TPD insurance?
Total and Permanent Disability (TPD) Insurance is a lump sum benefit you may be entitled to claim if you sustain an injury or illness that renders you unable to return to work.
Most Superannuation funds offer their members default or automatic TPD benefits. These benefits can range from a few thousand dollars up to hundreds of thousands of dollars depending on the fund. Members can choose to apply to their fund to increase their cover or to take out cover if not automatically offered.
Am I eligible to claim for Super TPD insurance?
If you have been unable to work due to an injury or illness for the relevant waiting period (usually 3-6 months) and based on the advice of your treating medical practitioners, you are unlikely to return to any work within your education, training and experience, you may be entitled to claim.
Every fund has a policy in place which details the relevant definition of TPD that a claim would be assessed under.
The two most common definitions used by funds are:
The member has ceased working as a result of injury or illness and after a period of 3-6 months, based on supportive medical evidence, the worker is unlikely to be able to return to any work within their education, training and experience.
The member has ceased working as a result of injury or illness and after a period of usually 3-6 months, based on supportive medical evidence, the worker is unlikely to be able to return to any work within their education, training and experience or any work that they may reasonably be able to retrain into. (i.e. if you are able to undertake re-education or on the job training to enter into another field of employment you may not meet this definition). There is usually a different definition and waiting period if you have been diagnosed with a terminal illness.
How do I claim for Super TPD & how long will it take?
There are a number of forms and processes that need to be undertaken in order for a TPD claim to be lodged with a fund. Once the claim is lodged it can take a prolonged period of time (6-12 months) before the insurer makes a determination on the claim. This can be a very stressful process and many clients find it much simpler to have a lawyer assist them with the process and to liaise with the insurer on their behalf.
I’ve been injured and have to have time off work but hope to return. What can I do?
The majority of Superannuation funds also offer Income Protection benefits. These benefits are usually a month benefit and can range from a few hundred dollars per month up to a few thousand dollars. The definitions, benefit limits and payment periods vary significantly between funds.
Johnston Withers Lawyers: we’re here to help!
If you have sustained an injury or illness that renders you unable to return to work and think you might be entitled to a Super TPD claim, we can help. Johnston Withers personal injury lawyers have a wealth of experience assisting clients with Super TPD claims. If you would like advice or representation, please contact Tim Downie on (08) 8231 1110, or get in touch online.