Total and Permanent Disability insurance (TPD) pays a lump sum if you suffer total and permanent disability.
For white collar professional occupations (such as surgeons, doctors and solicitors) the maximum TPD benefit that can be applied for is $5 million. After age 65, this benefit converts to Loss of Independence (up to a maximum of $3 million) which is based on your ability to care for yourself.
For all other occupations, the maximum TPD benefit that can be applied for is $3 million. After age 65, this benefit converts to Loss of Independence (up to a maximum of $3 million).
| Partial payment benefit* | We'll pay the lesser of $500,000 and 25% of your TPD insurance benefit as a lump sum if you lose the use of one limb or sight in one eye. |
| Increases without further medical evidence | You can apply to increase your TPD insurance without further medical evidence when certain personal and business events happen. |
| Financial planning benefit* | We'll reimburse up to $5,000 for the preparation of a written financial plan by a qualified financial adviser when we’ve paid you a lump sum benefit of $100,000 or more. |
| Economiser | You can request that we freeze your TPD insurance stepped premium if you're aged 30 or over. The amount you pay then stays the same while your benefit will reduce each year. |
| Death benefit# | If the TPD stand-alone benefit isn't payable because your death occurs within 14 days of suffering a critical condition, we'll pay a benefit of $5,000. |
* Not available for MLC Insurance (Super)
# Only available for TPD stand-alone cover
To find out more about Total and Permanent Disability insurance see MLC Insurance (Super) PDS, get in touch with a financial adviser or call us on 132 652.