TAL Accelerated Protection TPD Insurance

The Accelerated Protection TPD (Total and Permanent Disability) Insurance cover product from TAL will pay a lump sum benefit if the insured becomes totally and permanently disabled.

TAL’s Accelerated Protection TPD Insurance policy pays a lump sum benefit to the insured should they become totally and permanently disabled. In addition to the lump sum payment, the insured may also receive the following benefits from the policy:

• Inflation Protection Benefit – An annual automatic increase to the cover amount will be added in line with either the Consumer Price Index or % – whichever is more. (Note that this increase will affect the policy premium amount).
• Premium Freeze Benefit – The policy premium may stay the same by reducing the cover amount each year. This is available from the insured’s 30^th birthday on stepped up premium policies.
• Guaranteed Future Insurability Benefit – The insured may increase the amount of cover without needing to provide additional health information after significant life events such as marriage, the birth of a child, or taking out a mortgage on a home.
• Accommodation Benefit – The accommodation costs of an immediate family member will be met, up to $250 per day and for a period of up to 14 days, should the TPD benefit be paid and the insured is confined to a bed that is more than 100 km from their home.