Permanently Unable to Work cover

Understanding Permanently Unable to Work cover

Permanently Unable to Work also known as Total and Permanent Disability (TPD) can be added onto your Life cover.

Our Permanently Unable to Work policy pays you a lump sum (subject to conditions) which can be used to help to minimise the impact Total and Permanent Disability has on your way of life. The funds can be used for anything from paying off debts, replacing lost income for daily living costs, or assisting with ongoing medical and rehabilitation costs.

Payment of a benefit under Permanently Unable to Work cover reduces the cover amount of any remaining benefits under Life cover and Critical Illness cover by that payment amount. In certain circumstances this may mean the end of a cover or the Life Insured’s policy. Please refer to the ‘Taking a combination of cover’ section in the Product Disclosure Statement for details.1

What is covered?

Permanently Unable to Work cover can be added as an option to your Life cover policy and covers:

  • Permanent Inability to Work in Any Occupation We will pay a benefit when solely because of Sickness or Injury you, the Life Insured, have been continuously absent from work for a period of at least 90 consecutive days and due to that Sickness or Injury you are unlikely ever to work again in any occupation for which you are suited based on your work experience, your education and any training you have had.

  • Or

  • Major Physical Impairment We will pay a benefit on:

    • loss of limbs or paralysis - total and permanent loss of use of two or more Limbs; or one or more limbs and the sight in one eye due to Sickness or Injury.
    • loss of sight - permanent Legal Blindness in both eyes due to Sickness or Injury.
    • loss of hearing - Permanent loss of hearing in both ears due to profound and irrecoverable loss of hearing, both natural and assisted (other than by cochlear implant), with an average hearing threshold in both ears of 91dB or more as measured at 500, 1000 and 5000 Hz due to Sickness or Injury

    For each Life Insured only one Permanently Unable to Work benefit is payable under this cover.

Benefits1

All Australian permanent residents aged 16 to 55 can apply.

Age at application Minimum Maximum
16 - 45 $100,000 $1,500,000
46 - 55 $100,000 $1,000,000
56 - 65 Not eligible for cover Not eligible for cover

You can tailor the Permanently Unable to Work cover amount to suit your needs; by choosing any cover amount between $100,000 and $1.5 million depending on your age. It cannot exceed the Life cover amount.

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Inclusions

Inflation Proofing Increases

Each year we will automatically increase your Permanently Unable to Work cover to stay ahead of inflation. Each policy anniversary we increase your cover amount by 5% or the change in the Consumer Price Index, whichever amount is greater, up until the policy anniversary after your 65th birthday.

Each year premiums will also be increased in accordance with the increase in your coverage. Any annual increase can be declined by contacting us 3

Guaranteed renewable policy

Once a policy has been accepted and issued, and provided premiums are paid as due, we guarantee to renew it until the Policy Anniversary after the Life Insured’s 65th birthday.1,4

Eligibility

All Australian permanent residents aged 16 to 55 may apply for Permanently Unable To Work cover.

You must be working on a permanent basis in an eligible occupation type for at least 20 hours per week.

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How to apply

You can apply for life insurance today in three easy steps

  • Step 1: Get a free no-obligation quote.
  • Step 2: Apply online with no medicals required.
  • Step 3: Buy online and secure protection today.

Frequently Asked Questions

Permanently Unable to Work Cover is also known as Total and Permanent Disability (TPD) Insurance. It provides a lump sum payment (subject to conditions) in the event that you are permanently unable to work due to sickness or injury6. Permanently Unable to Work cover must be taken out in conjunction with Life Cover.

Permanently Unable to Work Insurance pays a lump sum that helps you cover your debts and living expenses. You could use the benefit payment to provide for medical treatment or ongoing care or to pay for any home modifications that are required as a result of your disability. Payment of a benefit under Permanently Unable to Work cover reduces the cover amount of any remaining benefits under Life cover and Critical Illness cover by that payment amount. In certain circumstances this may mean the end of a cover or the Life Insured’s policy.1

You must be aged 16 to 55 and working on a permanent basis in an eligible occupation type for at least 20 hours per week to apply for Permanently Unable to Work cover. Once you are accepted, as long as you pay your premiums, we guarantee to renew your cover until the policy anniversary after your 65th ‎birthday, regardless of changes to your health condition.4,1

How much Life, Permanently Unable to Work and Critical Illness cover you need, will vary according to your individual circumstances. In general, you should consider:

  • What you can afford;
  • Whether or not you have dependents (e.g. spouse, partner and/or children) who are reliant on your income
  • Whether or not you have a mortgage, or any other debts for which you are responsible such as credit cards and other loans ; and
  • Do you hold any life insurance cover through your superannuation fund?

If you are unsure about the level of cover you require please seek advice from a financial adviser before deciding on appropriate insurance cover.

Despite the fact that most Australians have some level of life insurance cover within their superannuation, you should check ‎the adequacy of this cover, as it might be less than you expect and may not meet your needs. When determining whether or not the cover provided by your superannuation fund is sufficient you need to take into account the total benefit paid by your superannuation fund. This total may be made up of your account balance and an insured benefit or may be limited to the insured benefit only. You should also check whether or not your insurance could be continued if you were to change employers in the future. If you are unsure of the level of cover provided through your superannuation fund, you may wish to speak to the fund provider, a financial adviser or an accountant.
Your cover begins on the day we accept your application for cover and the ‘commencement date’ will appear on your Policy Schedule. A 90 day waiting period applies if you claim a Permanently Unable to Work in Any Occupation benefit 6. Your claim is assessed against a specific definition before any claim can be paid. These specific definitions are located in the Product Disclosure Statement. Exclusions apply, please refer to the ‘When is a benefit not payable (policy exclusions)?' section in the Product Disclosure Statement.
Allianz Life has adopted the Life Insurance Code of Practice, which contains minimum standards of service and minimum standard medical definitions that customers can expect from insurers. The Code can be found on the Financial Services Council website.

More Frequently Asked Questions

Life Insurance

Choose Life cover and your options1

This is a summary only. For terms, conditions, limits, definitions, exclusions, waiting periods, exclusion periods and taking a combination of covers, please refer to the Product Disclosure Statement.

Life Cover

Life cover is also known as life insurance or death cover. It is a way of protecting your family's financial future*.

  • Up to $1.5 million cover depending on your age 1
  • $15,000 funeral advancement included within the cover 7
  • Insure up to 2 people on the same policy
  • Covers diagnosis of Terminal Illness where death is likely to occur within 12 months 10
  • Benefit increases every year to stay ahead of inflation3

*Conditions apply

Critical Illness Cover

Critical Illness cover is also known as trauma cover and pays a lump sum5 benefit if the Life Insured suffers one of the defined Critical Illness events5*.

  • Up to $500,000 cover depending on your age 1
  • Cover for 14 Critical Illnesses as defined 5
  • Benefit increases every year to stay ahead of inflation 3

*Conditions apply

Permanently Unable to Work cover

Permanently Unable to Work cover is also known as Total and Permanent Disability (TPD) cover*.

  • Up to $1.5 million cover depending on your age 1
  • Lump sum payment if you are unlikely ever to work again due to sickness or injury 6
  • Benefit increases every year to stay ahead of inflation 3

*Conditions apply

Next Steps

Policy Documents
and Important information

For terms, conditions and exclusions about our life insurance, please refer to the Product Disclosure Statement (PDS).

Important information: This product is not suitable for purchase within a superannuation fund. We would encourage you to speak to your financial planner or accountant who may be able to provide you with advice.

Important note:Information on this website is general information only and does not take into account your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. Terms, conditions, limits and exclusions apply. Before making any decision you should consider the Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). If necessary, please seek advice from a Financial Adviser before deciding on appropriate insurance cover.

Industry Awards and Code of Practice


Canstar's 5-Star Rating for Outstanding Value

Outstanding Value Direct Life Insurance 2019


Most Trusted Brand


According to Readers Digest 2015, 2016, 2017 and 2018


Risk & Life Insurer of the Year

Roy Morgan Research Customer Satisfaction Awards 2016


Life Insurance Code of Practice Subscriber

Life Insurance Code of Practice Subscriber since 2017