TPD and Superannuation Insurance
What is superannuation insurance?
Most superannuation policies provide financial protection if you are unable to work for an extended period of time due to an injury or illness.
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At MK Allan Lawyers, we assist individuals with all aspects of these superannuation insurance claims, and can even assist you in releasing your super balance.
Our expert personal injury lawyers are here to help you secure the financial support you deserve.
Types of cover
Total and Permanent Disability (TPD) insurance is typically included in most superannuation policies, providing a lump sum payment if you are permanently unable to work due to your injury or illness.
​Income Protection insurance provides regular payment, covering some or most of your regular wage if you are unable to work for an extended period of time.​
Terminal Illness cover provides an early pay-out of your superannuation or life insurance if you are diagnosed with a terminal illness and have a limited life expectancy.
Death Benefit cover ensures a lump sum payment to your beneficiaries in the event of your death.
FAQ's
How much is my TPD claim worth?
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The value of your claim is dependent on your policy with the superfund and can be upwards of several hundreds of thousands of dollars. Our lawyers will review your policy and confirm the exact value of your claim.
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Am I eligible to claim TPD insurance?
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Eligibility depends on the terms of your insurance policy. Generally speaking, you will be eligible if you are permanently precluded from returning to work for which you are qualified by way of skills, training, and work experience.
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How long will my TPD claim take?
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Processing times will vary depending on the complexity of your claim, however claims typically take between 3 to 12 months. Delays can occur due to disputes, incomplete documentation or requests for further evidence by the superfund.
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What happens if my claim is denied?
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If your claim is denied, our lawyers will assess the case and provide advice on the best way to move forward, including requesting reviews, lodging complaints with the Australian Financial Complains Authority (AFCA) and, in some case, commencing proceedings in Court.
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Why do I need a lawyer?
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Having an experienced lawyer significantly increases your chances of a successful claim. We assess, process, navigate and prosecute your claim until completion.