Does your superannuation policy include insurance for Total and Permanent Disability (TPD) or Income Protection (IP)?
Most superannuation policies provide insurance cover for incidents or illness resulting in permanent disability known as TPD cover.
Eligibility for a TPD lump sum payment requires proof that you are, and will be permanently, unable to work in your usual profession.
TPD means you cannot work in a job that fits your skills and experience. You may still be able to work in some cases reduced hours.
Your policy may also include Income Protection (IP). You can qualify for IP monthly payments of up to 75% of your normal income for a period of up to 2 years.
Claiming TPD or IP can be complex and it is recommended that you engage the services of an expert in superannuation law.
Unlike other forms of insurance claims, there is no requirement to prove fault or negligence of another party.
If you wish to make a claim through your superannuation policy, call Gajic Lawyers on 02 9727 2277 (Cabramatta) or 02 9890 5885 (Parramatta) for an obligation-free chat with one of our superannuation lawyers.