What Is TPD Insurance?
Total and Permanent Disability (TPD) insurance provides a lump sum payment if you become permanently disabled and are unable to work. It covers medical expenses and other costs associated with disability. There are two types: Own Occupation (covers your specific occupation) and Any Occupation (covers any suitable occupation). Premiums are based on factors like health and occupation. TPD policies have waiting periods and may have exclusions. Insurers assess claims based on medical evidence.