How Do TPD Claims Work For Multiple Super Funds?

Claiming your TDP payout from a superannuation fund can be a complicated process, particularly when it comes to making claims from multiple super funds.  Our experts are here to answer these questions for you, helping you navigate the intricacies of claiming your disability payments. 

What is TPD?
TPD, or total permanent disability is a type of insurance that provides disability benefits for those that are seriously injured or sick. In understanding what is TPD insurance, it’s important to know that it covers those whose condition prevents them from returning to their current profession.  The TPD meaning may vary depending on the specific coverage selected, whether it’s for “any” or “own occupation” TPD. 
TPD covers a variety of costs in a lump sum payout intended to assist with medical costs, living expenses, home improvements to accomodate the disability, as well as other debts and ongoing financial burdens. 

Superannuation Funds
Your superannuation is a type of company pension plan that holds money for you until you retire or are ready to withdraw it.  What many of our clients don’t realise is that these plans often include TPD provisions in their coverages.  In incidents where total and permanent disability benefits need to be enacted, your superannuation fund can help cover your life costs. 

How Long Does It Take To Get A TPD Payout?
The time it takes to receive your TPD payout from a superannuation fund can vary depending on the specific case.  Payouts are generally issued within two to three months, but circumstances such as providing the proper paperwork and the complexity of the case can strongly impact the processing time.  
When you’re ready to claim super, our insurance specialists provide the support and services that accelerate its retrieval.  While TDP payouts don’t have a time limit for filing, claims that have been denied need to be appealed within strict time guidelines.

Claiming from Multiple Super Funds
The good news is, for those holding numerous jobs, you are able to claim benefits from multiple super funds. Your superannuation may be held in multiple accounts by multiple employers, which can be cumbersome for an individual to juggle simultaneously.  Our Almane Super Claims professionals will help you check the terms and conditions of your policies, managing the filing forms and required proof you need to recover funds from these multiple sources. 

When claiming these benefits, it’s important to carefully examine your accounts to ensure you’re accessing all of the payouts available to you.  These accounts may include components of your TPD payout and Centrelink as well as q super insurance.

Almane Super Claims Expertise
In order to save yourself time and money, our experts at Almane Super Claims use our knowledge of life and TPD insurances to ease the process of handling your claims with our professional services.  Whether you need the paperwork to start your claims work, or require assistance in filing an appeal for a denied claim, we make the process faster and more efficient.  Our goal is to get you your payouts as soon as possible, easing the financial burdens that may be challenging your household budget.