Your Own Occupation means that you are unable to work again in the job you were working in before you became disabled. Any Occupation means you cannot work in any occupation following the accident or injury. In case of any occupation, you cannot make a claim unless you are unable to work in any occupation after the accident or injury. It is advised to carefully read the product disclosure statement (PDS) to know how your insurer defines a total and permanent disability.

It is available to all eligible Australians who are presently gainfully employed. The insurer will assess your situation at the time of application. The TPD insurance coverage will be based on your current circumstances.

Both the insurance covers are different. Under Trauma insurance, you get a lump sum payout if you suffer a critical illness or injury. However, Total and Permanent Disability insurance provides you with a benefit if you are unable to ever return to work due to permanent disability. 

The premium on your policy is not tax deductible. Moreover, the lump sum payment you receive as a TPD cover is generally not subject to tax either.

TPD insurance costs vary from person to person and depend on whether you buy it separately, or as a package with life cover, or add it to your super. Our consultants provide general and factual information to enable you to compare your options so you can choose the best cover. 

The TPD insurance exclusions may differ from insurer to insurer. You are advised to read your product disclosure statement (PDS) to learn about the complete list of exclusions. However, most companies may exclude injuries or illnesses that are directly or indirectly the result of:

1. Pre-existing medical conditions
2. Criminal activities
3. Self-inflicted injuries or suicide attempts
4. Under the influence of alcohol or drugs
5. War and hostilities