Total and Permanent Disability (TPD) cover
A lump sum paid if you are permanently unable to work due to illness or injury.
Definition
TPD cover pays a defined sum insured if you become totally and permanently disabled — i.e. permanently unable to work, typically defined as either "own occupation" (cannot return to your own job) or "any occupation" (cannot work in any job you are reasonably suited to). Definitions vary materially — own-occupation is broader cover (more claims pay) but more expensive.
See also
- Own occupation definition (TPD) — A TPD definition that pays out if you can no longer perform your specific job.
- Any occupation definition (TPD) — A TPD definition that pays out only if you cannot do any job you are reasonably suited to.
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.