Total and Permanent Disability (TPD) insurance provides a lump sum payment if you become permanently disabled and are unable to work again due to illness or injury. This financial safety net helps cover medical expenses, rehabilitation costs, living expenses, debt repayments, and potential home modifications when you're unable to earn an income.

What does TPD insurance cover?

TPD insurance typically covers permanent disabilities resulting from:

• Serious accidents
• Spinal cord injuries
• Neurological disorders
• Severe mental health conditions
• Loss of limbs
• Blindness
• Major traumatic injuries

The definition of "total and permanent disability" varies between policies, so it's crucial to understand the specific criteria in your policy documents.