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Total and Permanent Disablement Insurance
Talk to an Adviser about Total and Permanent Disablement Insurance. They can:
Find the best products for your budget and needs
Provide customised advice and keep your insurance up-to-date
Be impartial, as they are not Asteron Life employees
94% of claims accepted and $121m paid to customers from 1/7/22 - 31/6/23
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
Optional benefits you can choose to include:
Lets you cover your kids too.
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.
If you have an existing policy with Asteron Life, your policy may be different from our current on-sale products, so it’s a good idea to check things with your adviser.
There are terms and conditions that apply to all benefits within Total and Permanent Disablement Insurance. Don't worry though, your adviser can take you through these and what they mean.
Your wellbeing, our priority
With Asteron Life Connected Care, you’ll have access to leading local and global experts. Get the best medical, mental health and wellbeing advice for you and your family at no extra cost.
Other types of cover
Income Protection can provide a monthly income to help with living expenses if you’re unable to work due to sickness or injury.
Unsure?
Talking to an adviser will help you focus on what’s important to you, and it's even more effective with a little preparation.
Use our handy LifeSnap tool to prepare for your conversation with an adviser so you don't have to think on your feet!
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.