Total and Permanent Disablement (TPD) is a term commonly used in Injury Compensation Law and by insurance companies. Basically, a person can have TPD because of injury or sickness while at work, or sustained in a public space. Because of this, a person may not and cannot work seeing that he/she has been physically disabled, even if he/she is qualified for that job. Anyone can protect themselves from TPD through a disability insurance policy or via the worker’s compensation insurance. If and when you found yourself or a loved in in this position, bear in mind that there are legal avenues for total and permanent disablement (TPD).
Steps To Take In Case Of Total And Permanent Disablement (TPD)
In Australia, the TPD insurance will give the claimant a lump sum in the event that he/she cannot work again because of his condition. The insurance is mostly used to settle debts from medical expenses and to cover the living expenses of the claimant. There are three kinds of TPD insurance: Own Occupation TPD, Any Occupation TPD and Non-Occupational TPD. In Own Occupation TPD, the claimant cannot work in his/her occupation ever again, whereas the Any Occupation TPD is valid if the claimant cannot work in any job, despite his credentials or educational background. While in Non-Occupational TPD, the claimant cannot perform two to five daily activities.
TPD insurance in the country can be derived from superannuation accounts. It can also be exempted from being taxed under certain conditions. According to the Commonwealth Bank of Australia, the claimant is entitled to up to $5 million from the TPD insurance. If you are claiming your TPD insurance, here are some pointers to remember and steps to take in case of total and permanent disablement (TPD):
Know the Reasons why a TPD Claim can be Challenged:
There are various reasons why TPD claims are disputed. This may be because of your pre-existing medical condition or the insurers have their own definition of TPD. Long waiting periods can also be attributed, as some policies generally require long waiting periods before you get what’s right for you.
Are you Eligible?
There are different criteria used to determine whether you are eligible for TPD claims. First is the level of your disability. Your occupation, work history, capacity to perform daily routines and ongoing medical care are also considered.
There are a lot of documents involved in a TPD claim. The insurance company will need:
- The completed Toral and Permanent Disablement Claim Form
- Two Total and Permanent Disablement Treating Doctor’s Report
- Medical reports of your test results
- Proof of identity
- Accomplished Payment Instruction Form
- Total and Permanent Disablement Employer’s Satement
Consult with a Lawyer
When things get out of hand or you are unsure of what you are doing, you better consult your case with compensation lawyers. Not only that they will guide you in every step of the way, but their expertise on taxation can also help you for tax advices.