A detailed article that discusses the meaning of TPD under various definitions and occupations; it includes examples to clarify differences.
The concept of Total and Permanent Disability (TPD) cover is relatively simple. If you are ill or injured and unlikely to be able to work again and meet the conditions of your particular policy, you receive a payment. The difficulty has always been to define what is meant by “unlikely to be able to work again”.
Advances in medical science and technology have meant that people who suffer horrific injuries might be rehabilitated and able to return to work, when years ago a similar condition would have left them permanently disabled. For instance, by-pass surgery once ended a working career; nowadays normal life can soon be resumed.
Different policies have different definitions and it’s an area where insurance companies are developing new features. Typical definitions that may be used are as follows.
To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.