Own occupation definition (TPD)
A TPD definition that pays out if you can no longer perform your specific job.
Definition
Under an own occupation TPD definition, the insurer pays if you cannot return to your specific occupation, even if you could theoretically retrain into a different field. Broader cover, higher premium. Usually only available to certain occupations (typically white-collar) and capped at specific entry ages.
See also
- Any occupation definition (TPD) — A TPD definition that pays out only if you cannot do any job you are reasonably suited to.
- Total and Permanent Disability (TPD) cover — A lump sum paid if you are permanently unable to work due to illness or injury.
Not personalised financial advice. Definitions are editorial framings of how the term is used across NZ life cover. Your specific policy wording is the authoritative source.