TPD stands for Total and Permanent Disability insurance. It's a safety net that provides a lump sum payment if you become totally and permanently unable to work due to illness or injury.

TPD insurance protects your income if you become unable to work due to illness or injury. But choosing the right TPD insurance involves understanding two key definitions:

1. Own Occupation TPD:

• Pays out if you can't ever work in your specific occupation again, even if you could do another job.

• More expensive due to stricter payout criteria.

2. Any Occupation TPD:

• Pays out if you're permanently unable to do any job suited to your education, training, and experience.

• Cheaper option due to broader payout conditions.

Remember:

• Both types of TPD insurance have exclusions and limitations. Carefully review the policy details.

• Getting professional advice helps you choose the right coverage based on your unique needs and risks.

Before You Buy:

• Compare quotes: Look for competitive rates and comprehensive coverage.

• Consult a financial advisor: Discuss your income, occupation, and financial goals to determine the best fit.

• Understand the fine print: Review exclusions, waiting periods, and claim processes.

TPD insurance offers valuable protection. Choosing the right "own occupation" or "any occupation" definition depends on your specific career and risk tolerance. By carefully considering your needs and seeking professional guidance, you can ensure your income is protected in case of permanent disability.