Interesting Situations In Which Your TPD Insurance Super Claim Will Be Successful

According to Industry Funds Forum (IFF) and the Australian Institute of Superannuation Trustees (AIST), very few Australians have TPD insurance outside superannuation (approximately 67% of Australians had TPD insurance super in 2008). All these policy holders must also understand the proper guidelines in lodging successful claims for their TPD cover benefits. When lodging a claim for your TPD insurance benefits, you need to follow all the necessary steps and pay attention to every detail. However, you may be surprised that your claim would still be successful in some interesting situations. I. Lodging Multiple Claims As long as you have the necessary cover, lodging multiple claims won't disqualify you from receiving your TPD cover benefits. According to Super SA (superannuation of the Government of South Australia), you can lodge an IP (Income Protection) claim while your TPD (total and Permanent Disability) claim is being assessed. This is quite useful, since the process of assessing TPD claims may take a long time. Hence, your IP cover would provide regular income during the waiting period, ranging from weeks to several months. II. Claiming After A Long Wait Perhaps, you think that your claim won't be successful because you waited for too long before applying for your TPD insurance benefits. Fortunately, that isn't true. Based on the guidelines provided by Super SA (superannuation of the Government of South Australia), there is no time limit for lodging a claim in cases whereby an employer terminates your employment due to invalidity. There's also no time limit for claiming your account balance in the form of Early Release of Preserved Benefits. Although you can lodge a claim even after a long wait, you should try to do so as early as possible. This will make the claim process faster, since it will be easier to access and provide all the necessary details to prove eligibility for your TPD insurance super benefits. However, in case your employment is terminated before getting approval from the Super SA board, you must lodge your TPD claim within two years following termination of employment. Any such claim lodged past this two-year period would not be considered. III. You've Been Involved In Full-time Unpaid Domestic Work Anyone involved in full-time unpaid domestic work is treated in the same manner as those in full-time paid employment. Therefore, you can successfully lodge a TPD claim if you're unable to perform your regular domestic duties due to injury or illness. AustralianSuper (a trustee of Australian Super) states that TPD claims would be considered for full-time unpaid domestic workers if they're unable to perform their duties for a period of three consecutive months. You must also provide medical evidence showing that you're unlikely to engage in unpaid domestic duties in the future or any other occupation for which you are qualified through training, education or experience. When applying for TPD insurance super, make sure to find out about all the guidelines necessary for lodging a claim. You might be surprised by the variety of options available for receiving your TPD benefits.