Total and Permanent Disability (TPD) Insurance

TPD benefit

By adding TPD Cover as an option with your Life Cover, you can receive a lump sum payment between $50,000 and $5 million if you’re totally and permanently disabled as the result of a sickness or injury, and are unable to work again. We’re here to add some peace of mind, if the worst were to happen.

Financial advice benefit

If a TPD benefit in excess of $200,000 is paid, you can also be reimbursed the cost of engaging a qualified and licensed financial adviser, up to $5,000. This benefit is designed to provide you help in determining the best way to make use of the claim payout.

Future increases benefit

If a particular allowable event occurs (such as the birth of your child, or you take out a mortgage on your residence), you can increase your cover by the lesser of $100,000 or 20% of your original cover amount, without needing to provide further medical evidence.

Underwritten for you

Any Life Insurance policy issued by Budget Direct is fully underwritten when you buy it, rather than when you need to make a claim.

This minimises the risk of there being any nasty surprises at claim time.

Use proceeds of a claim however you choose

No matter whether the funds would be best spent making modifications to your home, paying medical or rehabilitation costs, putting it toward your mortgage or living expenses, or even buying a modest dwelling to suit your needs, you can use any proceeds in whatever way you choose.

Insurance issued by NobleOak Life

With a solid collection of awards and over 145 years insuring Australians and their families, your Budget Direct policy is issued with a wealth of care and experience.

By carefully underwriting your application based on your health, lifestyle and other factors, the risks of delays or surprises in the event of a claim are minimised.

We’re here to help, and prefer not to use overly complex phrasing. Life and TPD Insurance should help bring you peace of mind, not complicate things.

Cover is issued by one of Australia’s most trusted and respected Life Insurance companies, so you’re in safe and experienced hands with Budget Direct Life Insurance.

Manage your policy

You can find details of your policy, make changes to it by contacting us on 1300 220 627.

Make a claim

You can find out more about how to make a claim on our Claims page.