What Is The Maximum TPD Cover?

There’s an assumption that you can only make a Total Permanent Disability claim for a physical injury that prevents you from work. This is not true, and I’m going to run through what you need to know about making a TPD claim for mental illness.

The acceptance of psychological conditions and injuries has come a long way, but there are still so many suffering Australians who are unaware of their entitlements – and this includes the fact that TPD insurance, under your superannuation policy, covers you for a lump sum payout if you suffer a mental illness.

What is a mental illness?
Mental illness is defined as a wide range of conditions that specifically impacts your mood, thinking and behavior.
But in order to qualify for a TPD payout for mental illness – your condition has to prevent you from working the job you’re qualified or trained for.
There are a number of mental illnesses that qualify for a TPD claim and these include;
– Anxiety
– Depression
– PTSD
– Bi-polar disorder
– Schizophrenia
– Degenerative conditions such as Parkinson’s Disease, Alzheimer’s and dementia.

The processes involved in claiming a TPD payout from your superannuation fund for a mental illness is quite different from physical injuries, and, in a lot of cases, it’s more complex. Navigating the system on your own, particularly when you’re unwell is an extremely difficult task – which is why it’s best to use a TPD specialist to manage your claim.

Hopefully this has been helpful to you, but if you’re still unsure about TPD for mental illness or need help with your claim, call Law Partners and you can have a confidential conversation with one of our specialist TPD specialist lawyers today.