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Can I Make More Than One TPD Claim?

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YES, you can file several TPD claims for the same accident or sickness across multiple super funds where you have multiple insurance benefits. Although there are other criteria that should be taken into account before filing your claim.

Total and permanent disabilities (TPDs) are injuries or diseases that prevent you from working entirely or, at the least, from doing tasks for which you previously possessed the necessary training, experience, or skills.

It is not required for the impairment to have arisen as a result of a working accident or event, and TPD claims can be made for either physical or psychological disorders. A mental health condition that might be categorised as a handicap is post-traumatic stress disorder. If you intend to earn successful superannuation claims, you should read ahead and fill up all of the gaps in your knowledge.

Insurance claims for TPD pay agreed-upon cash in one lump sum

TPD insurance benefits differ from insurance benefits received under most other insurance policies in that the payment you get if you meet the policy requirements is an agreed-upon sum. This implies that in order to get a TPD benefit, you do not need to demonstrate any quantifiable financial loss; instead, you must fulfil the policy criteria of being unable to work (or similar). If you meet this condition, you will be paid a flat payment agreed upon.

Since TPD insurance provides an agreed-upon lump sum amount that is not calculated based on your financial loss, you may normally claim more than one TPD benefit for the same injury or sickness without “double-dipping.”

Payments for income protection claims are made on a monthly basis

Income protection and income continuation insurance policies are not the same. This insurance provides you with a payment that is often 75 per cent or 80 per cent of your monthly earnings before being ill or disabled (your pre-disability earnings). This is paid for every month you are unable to work throughout the benefit payment period i.e.two years, five years, or until you reach the age of 65.

These are indemnity insurance, which means they will only give you a payout depending on the amount of your loss.

As a result, you normally cannot claim on two plans if it implies receiving more in insurance benefits per month than you used to earn. To put it another way, you are not permitted to “double-dip.”

Check the insurance coverage for any superannuation TPD you have. If you have income protection in more than one fund, you should consider cancelling all except the most appropriate income protection insurance for your needs. Before continuing, you should seek legal advice from an insurance lawyer to ensure that you do not forfeit any benefits for which you may be entitled to file a claim.

Exceptions to the laws

As with any law, there are several exceptions to the rule that you can claim more than one TPD benefit. Some superannuation insurance policies do not enable you to make a TPD payment if you have previously claimed and been granted a TPD benefit. Other times, this restriction is imposed when you join a super fund. For example, the fund may state that you are not permitted to get TPD insurance. For this reason, we urge that you obtain guidance before making any claims.

Aside from that, you should ask yourself the following questions before proceeding with your TPD claim.

Is your policy up to date?

Most policies require that your coverage is in place on the day you stopped working. If you have TPD insurance via several policies, this criterion must be completed on all of them in order to get separate compensation awards.

Does your TPD meet the requirements?

Although different policies may have identical wording and terms, the criteria for determining TPDs are likely to be unique to each policy. Nonetheless, for you to collect more than one set of damages, your TPD must fulfil the criteria of a disability on each separate insurance.

Do You have all of the required doctor’s reports?

Before filing a claim, you need to obtain certification from your doctor that your injuries or diseases qualify as TPDs. However, if your policies have several definitions of impairment, you should double-check that your medical practitioner’s evaluation checks all of the boxes on each one.

Do You have the appropriate attorneys?

Making several claims may be a difficult task. It is very rare for insurers to refuse claims, so you may find yourself in court with more than one big-name corporation. In the event that your case is heard by a court, make sure you have skilled TPD claims attorneys on your side.

TPD claims are quite difficult if you do not have a basic understanding of claiming them. Because of the various processes required, many people opt out of the treatment. We recommend that you hire an Insurance Lawyer in Brisbane who will help you through all of the necessary procedures in the most efficient manner.


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