TPD Partial Disablement Insurance
TPD partial disablement can vary between the different life insurance companies, however it is most commonly defined by the loss of function for one hand, one arm, one leg or the loss of sight in one eye.
Generally a partial TPD claim will provide you with a lump sum payment equal to 25% of your TPD insurance amount. The dollar amount of any partial TPD claim may also be capped by the insurance company. Any partial TPD claim will reduce the remaining TPD sum insured, will only be paid once in the life of the policy, and all claims are subject to a self inflicted injury exclusion.
Not every TPD policy will have this as an inbuilt benefit and some companies may charge an additional premium to have partial TPD added onto your policy.