Discover a smarter way to insure your future with NobleOak’s award-winning Total & Permanent Disablement (TPD) Insurance
NobleOak’s Premium Life Direct products include comprehensive Total and Permanent Disablement (TPD) Insurance cover for up to $5,000,000. This cover is available only when accompanied with Life insurance cover and the amount of cover can be equal to or less than the Life insurance cover.
In the event you become totally and permanently disabled due to severe sickness or injury, NobleOak will pay the full sum insured as a lump sum and this will be drawn down against the value of your Life Insurance cover.
Award-Winning TPD Insurance
We are the only Life Insurer to have won a Canstar award for ‘Outstanding Value – Direct Life Insurance’ four years running, as well as a number of other product and service awards in 2019 from organisations such as Finder, Feefo, Plan for Life and Mozo.
No Surprises Cover
We offer fully underwritten TPD Insurance cover. This means we take the time to get to know you upfront by asking health and lifestyle questions. This results in cover that is tailored to you, providing you and your loved ones with greater certainty in the event of a claim.
Life Insurance Features
To help protect you against inflation, your cover amount will increase each year using the Consumer Price Index (CPI). Your premiums will be adjusted accordingly with these increases.
Dedicated Claims Support
If you or your family need to make a claim, you’ll be assigned a dedicated Claims Consultant based here in Australia. This consultant will support you throughout the claim process.
Cover with Global Backing
NobleOak’s products are backed by Hannover Life Re, a leading global reinsurer. We are also an APRA-regulated Life Insurer with a history dating back over 140 years.
If you become totally and permanently disabled due to a severe sickness or injury, NobleOak will pay you the full sum insured under your cover as a lump sum. If your sum insured is more than $3,000,000, the cover in excess of this amount will be assessed on our “Any Occupation” TPD definition.
Total and Permanent Disablement means, where solely as a result of your ill-health (whether physical or mental):
- You have been absent from work (or Domestic Duties) for a continuous period of at least 6 months, and at the end of those 6 months, we are reasonably satisfied that your ill-health (whether physical or mental) makes it unlikely that you will:
- If the ‘Own’ Occupation definition applies: ever again engage in your own occupation.
- If the ‘Any’ Occupation definition applies: ever again engage in any gainful employment for which you are reasonably qualified by education, training or experience.
- If the ‘Domestic Duties’ definition applies: ever again be able to perform your usual unpaid Domestic Duties; or
- You have suffered Loss of Limbs and/or Sight; or
- You have suffered Loss of Independence.
- If this cover is held by a trustee of a superannuation fund, the ‘Any Occupation’ definition will apply.
- If at the time of claim you are not gainfully employed for at least 15 hours per week and you are under the age of 65, the ‘Domestic Duties’ definition will apply.
Premium Freeze Option
You can fix the cost of your cover at any time by writing to us with a request to freeze your premium payment amount. This means that:
- Your future premiums will be fixed at the amount you were paying on the date of notification; and
- Each year your TPD cover sum insured will be reduced to match the amount of cover that could be purchased with frozen premium.
You can write to us at any time to end your Premium Freeze request and your cover will return to normal increases on the next anniversary of your cover.
Future Increases Benefit
You can increase your cover amount without the need to provide further medical evidence if one of the following events occurs:
- You marry
- You register a new business partnership
- You take out or increase a mortgage on your primary place of residence
- You or your partner gives birth to or adopts a child.
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How to Apply
Get a Quote
One of our friendly insurance specialists will help you complete your Life and TPD Insurance quote over the phone or online.
If you’re happy with the quote, you can apply immediately for Life and TPD cover either over the phone or book a time for a call back.
We”ll assess your application. If you require medical tests we’ll pay for them and keep you updated on your progress.
Frequently Asked Questions
What is TPD Insurance?
TPD or Total and Permanent Disablement Insurance is a popular and important type of cover that is often purchased as an optional extra with Life Insurance. This type of cover is designed to help with financial security by paying a lump sum if you become severely disabled as a result of severe illness or injury and are unable to return to work again.
How much TPD Insurance do I need?
Working out how much TPD cover you need in the event of a catastrophic injury or illness can be challenging, however, this need not be difficult. The amount of cover will depend on your individual circumstances and considerations; will include your overall debts and replacement of lost (future) income, your existing and potential needs, as well as the cost of treatment and rehabilitation. TPD Insurance cover is available from NobleOak when accompanied with life cover issued by us. At NobleOak, you can apply for an amount of TPD Insurance Cover up to your Life Cover sum insured, to a maximum of $5 million. Any approved claim for TPD will reduce your Life Insurance cover by the amount of the TPD payment.
Can I buy Life and TPD insurance together?
For complete peace of mind, TPD Cover is available to purchase alongside Life Insurance with NobleOak. Obtaining TPD means you are taking extra measures to protect yourself and your loved ones from potential financial hardship in case you were to become permanently disabled. You can find out more about combining policies and applying for a quote online. We don’t make TPD insurance available as a ‘stand alone’ policy.
How can I use my TPD Insurance payout?
Providing you meet certain requirements, you can expect to receive a Total and Permanent Insurance Disability payout from NobleOak as a lump sum. You are free to use this payout in any way you choose, like modifying your home, buying specialised equipment, replacing lost income or settling mortgage and credit card debt. At NobleOak, if your payment exceeds $200,000, then an additional $2,000 is available to use for independent financial advice to assist you with managing your money.
Can I get a TPD Insurance quote online?
Contact NobleOak on 1300 041 494 to speak to one of our Insurance Specialists to learn more about getting the right TPD Insurance for you. Although we can’t provide personal advice, we can explain the features and benefits of our products and answer any questions you have relating to our cover, so you can access and obtain the cover you need.
Visit our FAQ page to find out more information on NobleOak’s TPD Insurance product. The insurance is subject to the terms and conditions in the PDS which contains the relevant information including any exclusions.