Life is full of possibilities and opportunities that we work towards every day. We stay busy building our careers and caring for our families. Yet experience has taught us to be prepared for different circumstances that might affect our plans.
Total and Permanent Disability Insurance is a coverage that helps in the event you are unable to earn an income permanently. This kind of insurance will keep your family financially stable and pay essential bills when you need them the most.
Total and Permanent Disability (TPD) is insurance coverage that provides a lump sum payment when you can no longer work due to a permanent disability. The condition must be severe enough that you are unable to return to your current job or perform any other suitable work based on your skills and experience.
TPD coverage applies when medical professionals confirm that your condition is permanent and unlikely to improve. This implies that you will no longer have a source of income through employment. The insurance acknowledges that this would pose serious financial problems to you and your family. This coverage is usually provided in the form of life insurance, and it is a worthwhile addition to your financial protection plan.
TPD differs from temporary disability insurance because it addresses permanent conditions only. Instead of monthly payments, TPD provides a single lump sum that you can use however you need to support your family's future.
TPD coverage provides crucial financial support when permanent disability stops you from working.
TPD coverage typically includes a broad range of conditions that prevent you from working on a permanent basis.
Note: exact coverage may differ depending on the insurance plan or provider.
TPD (Total Permanent Disability) is a type of cover that steps in when a serious condition isn’t listed under critical illness insurance but still changes your life in a big way. It provides an additional layer of protection in conjunction with other insurance plans.
To qualify for TPD benefits, you must meet specific requirements set by your insurance provider:
Getting TPD coverage is often simpler than you might expect. Many insurers offer streamlined application processes that focus on your current health and occupation.
Keep in mind, coverage amounts are flexible, so you can select a plan that matches your needs and budget. Coverage is usually renewable; however, the exact terms will depend on your insurer and the specific policy type.
TPD coverage varies depending on everyone's financial circumstances. These are important considerations to make when selecting how much coverage to have:
Understanding the differences between disability covers helps you choose the proper protection:
While SOCSO provides monthly allowances for workers who are permanently disabled and meet specific eligibility criteria, these state benefits have their limits. Personal TPD insurance offers broader protection, with higher lump-sum payouts that cover a wider range of situations and financial needs.
Total Permanent Disability coverage plays a vital role in protecting your family’s financial security when life takes an unexpected turn. While TPD is often overlooked, it can be just as impactful as critical illness or income protection.
With eLife Protector+ from Let’s Go for Life by Generali, TPD benefits are built into a simple, non-participating yearly renewable protection plan. If TPD occurs before age 70, the plan pays 100% of your Basic Sum Insured, with coverage amounts available from RM25,000 up to RM500,000*. This ensures your loved ones are not burdened by financial worries when permanent loss of income becomes a reality.
In addition to TPD, eLife Protector+ also protects against death and accidental death, giving you and your family a well-rounded layer of security. Affordable premiums, flexible coverage amounts, and a simple online enrolment process make it easier to plan with confidence.
*Terms and Conditions apply.
