Yes. If you have commenced a workers’ compensation claim, or a CTP claim for injuries relating to a road accident,...Read More
Total and permanent disability (TPD) insurance is an insurance product that lets you claim benefits if you become sick or injured (or both) and unable to work again as a result – regardless of what caused the injury or illness. Most people will have TPD benefits available through their superannuation fund – they just don’t know it! If you cannot work because of injury or illness, being able to receive TPD benefits will be an important part of ensuring your financial wellbeing. This blog provides practical information on what you need to know, including the amount you can reasonably expect to be paid if you make a successful claim. Read: “What is a TPD claim?”
Yes! Did you know that you may have TPD insurance even though you’ve never applied for it? This is because in most cases, superannuation-based insurance cover is automatically given to you by your super fund under a group insurance policy that covers most or all super fund members. What this means is that unlike other insurance policies, where you specify the level of cover that you want, the super fund and insurer will usually provide you with an amount of cover based on your age. Of course, your fund may also allow you to specify a particular amount of insurance cover where you – likely in exchange for higher premiums each year. In either case, it is important to read the fine print in your policy about how your age and other factors including the definition of TPD that your policy uses, may affect your level of cover.
If your TPD insurance cover is not provided by, or through your superannuation fund, you have probably applied for this cover by contacting an insurer directly or through a financial advisor. In doing so, you likely specified how much cover level, and heard from your insurer or financial advisor about how your level of cover may change or be affected with age. Again, when considering making a TPD claim, it is important to read the fine print in your policy about how your age and other factors, including the definition of TPD that your policy uses, may affect your level of cover.
Again, it is very important to read the fine print in your policy. Many people who cease work due to sickness or injury look at their superannuation statement or insurance schedule at the time that they are claiming and assume that this is the amount of the TPD benefit that they will be paid if they win their TPD claim. This is incorrect. The amount that you are paid if your TPD claim is successful is worked out based on the level of insurance cover when you last worked. Changes in the amount of your insurance cover after you finish working are unlikely to change the amount that you will be entitled to if you get sick or injured and make a successful claim.
Yes. If your claim is accepted by the superannuation fund and insurer, you will usually be paid the full amount which you are insured for at the time that you cease work. It is very rare for a superannuation fund or insurer to make an offer to pay you an amount less than the insured amount. However
As you can see, decisions of insurers and super funds based on the fine print in your insurance policy can make a major difference to whether you make a successful claim, and the benefit that you are paid. Don’t assume that the insurer or super fund is always right! At Littles, we are insurance law experts and can help you push back against insurers that are deploying loopholes and technical legal definitions against you. We provide a FREE super claims check, and ensure that you get all of the benefit that you are entitled to.
If you have an illness or injury that prevents you from working, you might be worrying about how you are going to pay your bills and put food on the table. You could be entitled to receive a TPD lump sum, as well as other insurance benefits. Get in touch with Littles for a free super claims check. We can help you understand what you’re entitled to. Know where you stand, and get peace of mind.
新州工傷賠償：什麼是工傷疏忽賠償索賠 (Work Injury Damages Claim)? 如果您遭受工傷並有法律代表，您可能聽說過您可能有權獲得“工傷疏忽賠償”索賠。 那麼，這究竟是什麼，過程又是怎樣的呢？ 當受傷的工人因雇主過錯和疏忽而起訴雇主要求賠償時，就會提出工傷疏忽賠償索賠。如果您想成功索賠賠償，您必須能夠證明雇主的過錯和疏忽。如果您無法確定過錯和疏忽，那麼即使您因事件而受到傷害，您也無權獲得任何賠償。 並非所有受傷的工人都有權利或有資格就工傷疏忽賠償提出索賠。 要獲得資格，必須滿足以下條件： 傷害、損失和損害是由於雇主的過錯和疏忽造成的； 和 索賠人的永久性損傷程度必須至少為15% Whole Person Impairment – 這可以通過與保險公司的協議，或通過人身傷害仲裁聽 Personal Injury...Read More