Many times in life people are unable to work at all in case they have been diagnosed with a serious illness or have got injured due to an accident. In such a case if you have taken a total and permanent disability insurance plan you are entitled to a TPD claim.
What is Total and Permanent Disability Insurance?
The total and permanent disability insurance offers cover, usually by way of a lump sum payment, in case you have been diagnosed with any illness or injury that renders you incompetent for your regular occupation or anything for which you have received training or education. Most people seek total permanent disability claim help so that they are able to receive the requisite amount without the hassle and at the earliest possible time.
How Can a Person Qualify for Total Permanent Disability Claim?
In order to file for a total and permanent disability claim, a person has to furnish complete evidence that he/ she is totally and permanently incapable of his/her usual employment. The person should not be capable of any kind of employment that he/ she is qualified for.
In case a person is successful in proving about the disability and that he/ she should receive a claim amount, the Total and Permanent Disability insurance benefit (TPD claim) is given to him/ her as a lump sum. The amount of money that is given depends hugely on the assessment of the personal circumstances of the applicant.
Is TPD the same as income protection plans?
Total and Permanent Disability Claim is not like income protection plan. Under the scope of a TPD claim, a person will get a payment of claim money in sync with the limits of the policy. In the case of an income protection plan, a person will get the benefit of regular income for a stipulated time.
Mentioned below are some requirements to make a TPD claim:
- Level of Disability– Before making a total and permanent disability claim, the candidate has to offer proof of the disability he/ she is suffering from. If he/ she is not able to establish a minimum level of disability, the claim amount will not be processed.
- Super Fund– A person can file a TPD claim only when it is a part of the superannuation policy. If it is not in superannuation policy you will not get the claim amount.
- Employment History– Some companies ask for a minimum level of employment before a person becomes eligible for a TPD claim.
The team at Life matters Claims has in-depth experience in helping you receive your claim. They take all necessary steps to ensure that the claim process is completely streamlined and easy. They not just initiate the claim retrieval process with the insurance company but help you at each and every step till your claim amount is finalized. There are no excessive prices charged for their services and the entire process is carried out with utmost efficiency.
