TPD Insurance Quote
Trauma Insurance Quote
Life Insurance Quote
Income Protection Quote
you are here: Homepage > Hom To Get Cheap TPD Insurance
TPD Insurance Facts
A lump sum compensation payment will be given to you only when you are
disabled due to which you cannot sustain your job. To get the lump sum
compensation payment for TPD insurance, you have to be off work for at least 3
months; however some insurers may require you to be off work for up to 6 months
as well. This time period is known as the waiting period and is mandatory for
most TPD policies.
The price of the policy will depend on the waiting period, the insured amount
and additional benefits if any. A shorter waiting period for disability
insurance is suitable for people who have not kept funds aside for a rainy day.
As far as possible, you should select an insured amount that will be adequate to
pay off your debts and help you live a comfortable life. Inflation should be one
of the factors that you should consider when you choose an insured amount.
TPD insurance can be purchased online by either visiting an Australian insurerís website or an Australian insurance companyís website. To get a policy you will first have to ask for a quote and then purchase a plan keeping your needs in mind.
Certain eligibility criteria such as age and employment status may restrict
your choice while purchasing a policy hence before purchasing a policy; you
should contact a sales representative and ask for information. Most insurers
offer information without pushing products on to buyers and these days, majority
of the information you need is available online.