97% of claims accepted and $112m paid to customers from
1/7/23 - 31/6/24
What is Total and Permanent Disablement Insurance?
Disablement is life changing. Total and Permanent Disablement Insurance can provide a financial injection to help make lifestyle changes if you become totally and permanently disabled due to sickness or injury.
Most people use Total and Permanent Insurance for:
- Paying for their spouse or another family member to take time off work which allows them to provide extra help and support
- Making lifestyle changes e.g. where they live, modifying their home, clearing debt such as credit card, personal loans, mortgage
- Paying for additional costs such as travelling to medical appointments or additional childcare
- Paying off the mortgage or other debt
- Putting towards everyday living expenses as their income often reduces
Total and Permanent Disablement Insurance benefits
Total and permanent disablement cover
Pays a lump sum if you become permanently disabled, including if you can’t return to work because of sickness or injury.
Single loss of limb or eye
Pays 25% of your cover if you lose a limb or an eye.
Financial planning
We will pay for your family to receive professional advice from an approved financial planner. This helps your family decide the best way to use the money they will receive.
Grief support
We will pay to help with the cost of professional grief support during the grieving process.
Total and permanent disablement fast track
For some medical conditions, we pay out quicker so you can get immediate care.
Optional benefits you can choose to include:
Lets you cover your kids too.
We pay your Total and Permanent Disablement premiums if you can’t work more than 10 hours per week due to illness or injury.
Covers medical workers who contract Hepatitis B or C or HIV during work.
Lump Sum Support when you need it. Receive this benefit if you suffer any of 29 specified injuries (ranging from broken bones to paralysis).
The benefit is payable even if you are still able to continue working. Check the policy document for the full list of injuries and payment periods.
Ready to speak to an adviser?
If you would like to know more about Total and Permanent Disablement Insurance we can put you in touch with an adviser who can explain the different options available.
Speak to an Adviser
Frequently asked questions
Does this pay me a regular income if I am unable to work?
This type of insurance gives you a one off lump sum payment if you permanently can’t work. If you’re after a regular income you should take a look at Income Protection. This can pay you a portion of your income each month until you can return to work.
Disclaimer: The information provided above is for general information only, it is not financial advice or personalised to your situation. If you would like advice that takes account of your particular situation, please contact your financial adviser. Full details of policy terms and conditions are available from Asteron Life Limited or your financial adviser. Terms, conditions, exclusions and limits apply. If there are differences between the information provided here and the policy document, then the policy document will prevail. Asteron Life Limited and its related companies do not accept any liability in connection with the information provided.