Total and Permanent Disablement Cover

TPD insurance provides a lump sum payment if you become totally and permanently disabled. It can be used for ongoing bills (such as mortgages and living expenses) and for medical costs.

Who is eligible?

Many members already have TPD insurance as part of their automatic cover. You should check to see if you already have cover by logging into firstonline.

To be eligible for TPD cover, you must be between age 11 and 69 and meet the other conditions of automatic cover, or have opted in. Cover stops at age 70.

You should read the Insurance Guide for full information about eligibility and terms and conditions.

How much does it cost?

TPD cover costs between $0.76 and $1.82 per unit per week. The cost per unit depends on your occupation category.

A “unit” of insurance represents a certain amount of cover. As you get older, the amount of cover each unit is worth decreases. If you want the value of your insurance to stay the same over time, you can fix your cover by paying a bit extra.

You can use the Insurance cost calculator to work out the possible cost of your cover.

Have you received a TPD benefit in the past?

If you have previously been paid or been eligible for a TPD benefit, your TPD cover with First Super will be Limited Cover. This means you will only be covered for claims arising from a “New Event”. Read the Insurance Guide to find out more.

How is a TPD claim paid?

If you make a successful TPD claim, you can:

• take all or part of your benefit out of your superannuation (the “benefit” means both your super balance and the insurance payment)
• keep your benefit in your First Super account
• open a retirement account with us (even if you are not of retirement age) and withdraw your money as a regular income
• transfer your benefit elsewhere.

We’re here to help. So let’s talk.

If you have any questions, please call our Member Services Team on 1300 360 988, or email us.