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tpdcover

Total and Permanent Disability Cover

TPD Cover provides a lump sum payment if the insured person becomes totally and permanently disabled in accordance with the specified TPD definition that you’re covered for.

overview

Overview

Minimum entry age

18
Maximum entry age

75
Eligibility requirement at time of application

Gainfully employed or returning to work within 24 months
Benefit expiry age

Plan anniversary after the insured person turns 99, when held outside super

Plan anniversary after the insured person turns 80, when held inside super
Minimum sum insured that can be applied for

$50,000
Maximum sum insured that can be applied for

$3,000,000
Premium type

Variable age-stepped premium
Funding options

TPD Cover is available both inside and outside of super
TPD definitions available

Any occupation

Own occupation

Super

From the plan anniversary after the insured person turns 65, we’ll only pay TPD Cover for:

  • loss of independent existence (permanent and irreversible)
  • loss of use of limbs (total and irrecoverable); or
  • blindness in both eyes (severe and irrecoverable).

The maximum TPD Cover available from the plan anniversary after the insured person turns 65 is $3,000,000 across all plans issued by us.
Product structure combinations

Standalone TPD Cover

TPD Cover attached to Life Cover

TPD Cover linked to Life Cover

Split TPD Cover
keybenefits

Included benefits

TPD Cover provides a comprehensive range of included benefits and optional benefits that can be added to your plan at an extra cost. These are listed below.

If TPD Cover is purchased inside super, then only the benefits marked with an * are available. If TPD Cover is purchased outside super, then all benefits are available.

All TPD Cover benefits and features are subject to the full terms and conditions outlined within the Futura Protection PDS.

TPD Benefit*

Provides a one-off lump sum payment if the insured person becomes totally and permanently disabled.

Specific Loss Benefit

Provides a lump sum payment of 25% of the TPD Cover, up to a maximum of $500,000 if the insured person suffers the loss of functional use of a single limb (total and irrecoverable) or loss of sight in one eye (severe and irrecoverable).

Death Benefit*

rovides a lump sum payment of $10,000 if the insured person dies and the insured person does not hold any Life Cover.

This benefit is only available if the insured person has stand-alone TPD Cover.

Indexation Benefit*

Automatically increases the sum insured on each plan anniversary by the higher of 5% or the percentage increase in the Consumer Price Index (CPI), ensuring cover keeps pace with the cost of living.

Accommodation Benefit

Reimburses an immediate family member’s accommodation costs up to $250 per day if the insured person is confined to bed and a family member has travelled to be with them.

Suspending Cover Benefit

Suspends cover for up to 12 months if the plan owner (or insured person where applicable) is experiencing financial hardship.

Future Increase Benefit*

Allows the sum insured to be increased after certain specified events without having to provide further evidence of the insured person’s health, occupation and pastimes.

Financial Advice Benefit*

Reimburses up to $5,000 for the cost of a financial plan from a qualified financial adviser if we’ve paid the full TPD Cover sum insured.

Waiver of Premium While Involuntarily Unemployed Benefit*

Waives premiums for up to three months over the life of the plan if the plan owner (or insured person where applicable) becomes involuntarily unemployed.

Grief Support Benefit

Reimburses the insured person or their an immediate family member up to $1,000 for the cost of grief counselling from an accredited counsellor if we’ve paid the full TPD Cover sum insured.

Child’s Critical Illness Benefit

Provides a lump sum payment of $10,000, if a child who is financially dependent on the insured person dies, is diagnosed with a terminal illness or suffers a specified critical illness event.
otherbenefits

Optional benefits

In addition to the included benefits, under certain circumstances a Disability Premium Waiver Option* and/or Life Cover Buy Back Option* can be added to TPD Cover for an additional cost. See the Futura Protection PDS for details.