Total and Permanent Disablement refers to a condition of not being able to carry out usual or daily work or occupation as a result of sustaining an injury that results in total or permanent disability. The nature of work being referred to in this case is the type of work or job an individual is qualified to do, and one which is in line with the education, training or experience possessed by that particular worker.
A worker should be insured with the Total and Permanent Disability policy to be eligible to claim the compensation from the employer in the event of disability. The employer will be liable to pay the amount claimed under the Worker’s Compensation insurance act. The injured person may also independently insure self against total and permanent disability through a disability insurance policy.
TPD is offered to reduce the financial burden on the disabled member so as to protect the interest of the injured and his/her family. This insurance provides a lump sum benefit to the life insured in the event of an unfortunate accident inflicting an injury resulting in disability.
Claimants make use of this amount to repay debts and manage daily financial needs of themselves and their family, which would otherwise not be bearable due to loss of income.
Types of TPD in Kogarah are as follows:
1 Own Occupation TPD -In this type of claim, the insured or claimant must be unable to work in his own occupation in the lifetime. This policy provides the highest level of coverage and protection to the claimant.
2 Any Occupation TPD – Claimants should to be unable to work in their current job as well as any other job in the life time.
3 Non-Occupational TPD – In this insurance, the person should be unable to carry out 2 to 5 daily activities in a day. This type of claim requires the greatest level of disability to consider the claim.
In order to take up this insurance and help in understanding the legal requirements for the claim in Kograhas in case of a miss happening, our lawyers will come forward to enable you to protect yourself and your family from incurring financial loss or burden.