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Compare TPD Insurance Providers

Compare Total & Permanent Disability insurance from leading Australian providers. Understand own-occupation vs any-occupation definitions and benefit terms.

Total and Permanent Disability (TPD) insurance pays a lump sum if illness or injury permanently prevents you from working. The payment typically clears a mortgage, funds home or vehicle modifications, covers ongoing medical and rehabilitation costs, and replaces lost future earnings.

TPD is usually held alongside life cover, either bundled into the same policy or as a standalone benefit. It can be structured inside super or outside super depending on tax and cash-flow needs.

The most important variable to compare is the disability definition. Own-occupation TPD pays out if you can no longer perform the duties of your specific job. Any-occupation pays only if you cannot work in any job suited to your education, training, or experience. Own-occupation is typically only available outside super and is generally more expensive, but it is broader.

Other variables to compare include partial disability benefits, indexation, expiry age (commonly age 65 or 70), and how the insurer treats mental-health-related claims. This page is a factual comparison of policy features, not a personalised recommendation.

General Advice Only

This is general advice only and does not take into account your individual circumstances.
Please read the Product Disclosure Statement (PDS) before making a decision.
Consider seeking personal advice from a licensed financial adviser.

Authorised Representative Number: 1244847 | Australian Financial Services Licence: 246623

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Common questions about total and permanent disability (tpd)

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Feature-by-feature comparison

How the panel insurers compare on the policy features that actually differentiate products. Drawn from the broker-facing PDS extractions; empty cells mean the feature hasn't been documented for that insurer yet (it doesn't mean the insurer lacks the feature — check the provider page or get a quote for the current PDS detail).

Feature	Acenda	AIA	ClearView	NEOS	OnePath	TAL	Zurich
TPD cover
TPD Definition Type Type of TPD definition	own occupation, any occupation, super TPD Three TPD definitions available: Own occupation TPD (not available inside super or certain occupations), Any occupation TPD, and Super TPD (inside super only, includes permanent incapacity requirement)	own occupation and any occupation TPD available under both Own Occupation and Any Occupation definitions. Universal TPD also available based on activities of daily living.	own occupation, any occupation, non-occupational Three TPD definition types available: Own Occupation TPD (non-super only), Any Occupation TPD, and Non-Occupational TPD. From policy anniversary after age 65, TPD definition converts to Non-Occupational TPD	own occupation, any occupation, super TPD Three TPD definitions available: Own occupation TPD (non-super), Any occupation TPD (non-super), Super TPD (super only). After age 70, definition changes to loss of independent existence, loss of use of limbs, or blindness	multiple definitions available Multiple TPD definitions available including: Any Occupation, Super Any Occupation, Own Occupation, Super Non-working, Non-working, Business TPD, Home-maker, Super Home-maker. Specific definition depends on policy structure and life insured circumstances.	own occupation, any occupation, activities of daily living Three TPD definitions available: Own Occupation (not available through superannuation), Any Occupation, and Activities of Daily Living (ADL). Occupational restrictions may apply.

own occupation, any occupation, domestic duties, modified

Multiple TPD definitions available depending on life insured's occupation and circumstances

yes

Available as standalone, attached to Life Cover, linked to Life Cover, or as Split TPD Cover (combination of super and non-super policies)

yes

TPD available as Stand Alone benefit or as Rider Benefit to Life Cover or Crisis Recovery. Multiple TPD options including standard TPD, Universal TPD, and Accidental TPD.

yes

Available as standalone or linked/flexi-linked to Life Cover and/or Trauma Cover. Available inside and outside super

as standalone and as linked benefit

TPD Cover available as stand-alone, attached to Life Cover, linked to Life Cover, or split TPD Cover across super and non-super plans

yes

Available as standalone, attached to Life Cover or Trauma Cover, or through SuperLink arrangements. Can be held outside super or through super.

yes

Available as standalone, attached to Life Insurance, attached to Critical Illness Insurance, or as Superlink TPD structure

yes

TPD available as linked benefit or standalone, with Platinum TPD and standard TPD levels

yes

Specific Loss Benefit available (non-super only): 25% of TPD sum insured up to $500,000 for total and irrecoverable loss of sight in one eye, one foot, or one hand

yes

Partial and Permanent Disablement is a Built-in Benefit to TPD. Accidental Partial and Permanent Disablement is a Built-in Benefit to Accidental TPD.

No partial TPD benefit mentioned in the document

yes

Specific Loss Benefit pays 25% of TPD sum insured (max $500,000) for loss of use of single limb or loss of sight in one eye

yes

Partial TPD Benefit available under TPD Cover (mentioned on page 32)

yes

Advanced Payment Benefit pays 25% of Benefit Amount up to $500,000 for Loss of use of Single Limb (permanent) or Loss of Sight in One Eye (permanent). Not available when structured through superannuation.

yes

Partial impairment benefit pays 40% or 65% of TPD benefit for functional impairment of 2 or 3 extended ADLs (Platinum TPD only)

Built-in benefits
Premium Freeze Available Whether premium freeze exists	no	yes Premium Freeze allows you to keep premium the same for following year by reducing Sum Insured amount. Must be at least 35 years old and paying Variable age-stepped premiums.	yes Premium Freeze Benefit is a built-in benefit at no extra cost for Life Cover, TPD Cover, and Trauma Cover	no	yes Premium Freeze is a standard feature available for Life Cover and TPD Cover (referenced on pages 27 and 28)	yes Premium Freeze Benefit available - premiums stay same and Benefit Amount reduces at each Policy anniversary. Only available if Variable Age-Stepped Premiums selected and Life Insured at least 30 years of age.	no No premium freeze option mentioned, but premium waiver option available if life insured is totally disabled

yes

Premium Freeze allows you to keep premium the same for following year by reducing Sum Insured amount. Must be at least 35 years old and paying Variable age-stepped premiums.

yes

Premium Freeze Benefit is a built-in benefit at no extra cost for Life Cover, TPD Cover, and Trauma Cover

yes

Premium Freeze is a standard feature available for Life Cover and TPD Cover (referenced on pages 27 and 28)

yes

Premium Freeze Benefit available - premiums stay same and Benefit Amount reduces at each Policy anniversary. Only available if Variable Age-Stepped Premiums selected and Life Insured at least 30 years of age.

No premium freeze option mentioned, but premium waiver option available if life insured is totally disabled

Policy changes
Cooling Off Period Period to cancel policy and receive full refund	30 days 30 days from the earlier of: the date you receive your policy schedule; or five business days after your policy commencement date	30 days Cooling-off period starts from the earliest to occur of: the day you receive the Policy Schedule, and the end of the fifth day after the day on which we sent the Policy Schedule. Full refund of premiums including policy fee.	30 days Starts on the earlier of: the date you receive your policy, or five business days after your cover start date	30 days Within 30 days of the earlier of: the date you receive your plan schedule; or five business days after your plan commencement date	30 days Policy owner can cancel OneCare policy or any individual Cover within 30 days from the date Policy Schedule is issued	30 days Full premium refund unless claim made. If structured through superannuation, refunded premiums subject to preservation rules.	not mentioned No cooling-off period is explicitly stated in the document

30 days

30 days from the earlier of: the date you receive your policy schedule; or five business days after your policy commencement date

30 days

Cooling-off period starts from the earliest to occur of: the day you receive the Policy Schedule, and the end of the fifth day after the day on which we sent the Policy Schedule. Full refund of premiums including policy fee.

30 days

Starts on the earlier of: the date you receive your policy, or five business days after your cover start date

30 days

Within 30 days of the earlier of: the date you receive your plan schedule; or five business days after your plan commencement date

30 days

Policy owner can cancel OneCare policy or any individual Cover within 30 days from the date Policy Schedule is issued

30 days

Full premium refund unless claim made. If structured through superannuation, refunded premiums subject to preservation rules.

not mentioned

No cooling-off period is explicitly stated in the document

Premium structure
Premium Indexation How premiums are indexed	CPI or 3%, whichever is greater Indexation Benefit automatically increases sum insured annually by the greater of CPI increase or 3%. Can be declined by policy owner. Premium increases accordingly.	CPI with minimum 5% Benefit Indexation automatically increases Sum Insured at Policy Anniversary each year by the higher of CPI Increase and 5%, and adjusts premium accordingly. Can opt out on application form or before any Policy Anniversary.	CPI Indexation Benefit automatically increases benefit amount at each policy anniversary by the percentage increase in Consumer Price Index (CPI). Can opt out of increases	CPI Indexation Benefit automatically increases sum insured annually by higher of 5% or CPI percentage increase	yes Indexation is a standard feature (page 59). Allows increase of Cover each year to keep up with inflation. Indexation increases continue during premium waiver periods.	optional Inflation Protection Benefit automatically increases Benefit Amount on Policy anniversary by greater of 5% and Indexation Factor. Can be removed. Policy fee increased annually by greater of Indexation Factor or 3%.	yes Inflation protection increases cover annually by higher of 5% or CPI increase, can be declined
Premium Type Stepped or level premium structure	stepped Variable age-stepped premium for all cover types	stepped, level, and optimum available Premium options include Variable age-stepped premium, Variable premium (level), and Optimum premium. Availability varies by cover type.	both available Variable age-stepped premium and variable premium available. Variable premium converts to variable age-stepped at policy anniversary after age 65	both available Variable age-stepped premium, Variable premium to age 65 (reverts to age-stepped after 65), Variable premium to age 70 (reverts to age-stepped after 70)	stepped and level available Variable age-stepped premiums mentioned. For life insured over age 60 at application, only variable age-stepped premiums available for certain covers.	both available Variable Age-Stepped Premiums and Variable Premiums available. Variable Age-Stepped increases with age and policy duration. Variable Premium based on age at Plan start date, with option to convert to Age-Stepped at age 65 or 70.	variable age-stepped or variable premiums Policy schedule shows whether premiums are variable age-stepped or variable premiums

CPI or 3%, whichever is greater

Indexation Benefit automatically increases sum insured annually by the greater of CPI increase or 3%. Can be declined by policy owner. Premium increases accordingly.

CPI with minimum 5%

Benefit Indexation automatically increases Sum Insured at Policy Anniversary each year by the higher of CPI Increase and 5%, and adjusts premium accordingly. Can opt out on application form or before any Policy Anniversary.

CPI

Indexation Benefit automatically increases benefit amount at each policy anniversary by the percentage increase in Consumer Price Index (CPI). Can opt out of increases

CPI

Indexation Benefit automatically increases sum insured annually by higher of 5% or CPI percentage increase

yes

Indexation is a standard feature (page 59). Allows increase of Cover each year to keep up with inflation. Indexation increases continue during premium waiver periods.

optional

Inflation Protection Benefit automatically increases Benefit Amount on Policy anniversary by greater of 5% and Indexation Factor. Can be removed. Policy fee increased annually by greater of Indexation Factor or 3%.

yes

Inflation protection increases cover annually by higher of 5% or CPI increase, can be declined

stepped

Variable age-stepped premium for all cover types

stepped, level, and optimum available

Premium options include Variable age-stepped premium, Variable premium (level), and Optimum premium. Availability varies by cover type.

both available

Variable age-stepped premium and variable premium available. Variable premium converts to variable age-stepped at policy anniversary after age 65

both available

Variable age-stepped premium, Variable premium to age 65 (reverts to age-stepped after 65), Variable premium to age 70 (reverts to age-stepped after 70)

stepped and level available

Variable age-stepped premiums mentioned. For life insured over age 60 at application, only variable age-stepped premiums available for certain covers.

both available

Variable Age-Stepped Premiums and Variable Premiums available. Variable Age-Stepped increases with age and policy duration. Variable Premium based on age at Plan start date, with option to convert to Age-Stepped at age 65 or 70.

variable age-stepped or variable premiums

Policy schedule shows whether premiums are variable age-stepped or variable premiums

General
Company Size Market position and scale of operations	Member of Nippon Life Group Nippon Life Insurance Australia and New Zealand Limited ABN 90 000 000 402 AFSL 230694, member of the Nippon Life Group	Part of AIA Group, largest independent publicly listed pan-Asian life insurance group, 50 years of experience in Australia, 3.1 million Australian customers AIA Australia is part of the AIA Group with presence in 18 markets across Asia-Pacific region. Has 50 years of experience and protects more than 3.1 million Australians.	ASX listed, $359 million in-force premiums, 80,000+ policyholders Listed on Australian Securities Exchange with $359 million of in-force premiums as at 31 December 2023, protecting over 80,000 policyholders with 100% Australian-based operations	APRA regulated life insurer NobleOak Life Limited ABN 85 087 648 708, AFSL 247 302, regulated by Australian Prudential Regulation Authority	Over 150 years heritage, part of Zurich Insurance Group, serves more than two million customers, employs more than 56,000 people worldwide, operates in over 210 markets OnePath is a leading life insurance brand with heritage of over 150 years. Part of Zurich Insurance Group, one of Australia's largest life insurers	TAL Group paid over $4.2 billion in claims to over 50,128 customers between 1 April 2023 and 31 March 2024 Claims statistics based on total claims paid under TAL Life Limited and TAL Life Insurance Services Limited insurance products	ABN 92 000 010 195, AFSL 232510 Zurich Australia Limited with Australian Business Number and Financial Services License
Annual Claims Paid Total dollar value of claims paid annually	—	$2.6 billion In 2024, AIA paid over $2.6 billion in Retail, Group and Direct insurance policy claims.	$127 million Over $127 million paid in claims to 1,032 claimants in FY23 (12 months to June 2023)	—	—	$4.2 billion Total claims paid by TAL Group between 1 April 2023 and 31 March 2024 to over 50,128 customers and their families	—

Member of Nippon Life Group

Nippon Life Insurance Australia and New Zealand Limited ABN 90 000 000 402 AFSL 230694, member of the Nippon Life Group

Part of AIA Group, largest independent publicly listed pan-Asian life insurance group, 50 years of experience in Australia, 3.1 million Australian customers

AIA Australia is part of the AIA Group with presence in 18 markets across Asia-Pacific region. Has 50 years of experience and protects more than 3.1 million Australians.

ASX listed, $359 million in-force premiums, 80,000+ policyholders

Listed on Australian Securities Exchange with $359 million of in-force premiums as at 31 December 2023, protecting over 80,000 policyholders with 100% Australian-based operations

APRA regulated life insurer

NobleOak Life Limited ABN 85 087 648 708, AFSL 247 302, regulated by Australian Prudential Regulation Authority

Over 150 years heritage, part of Zurich Insurance Group, serves more than two million customers, employs more than 56,000 people worldwide, operates in over 210 markets

OnePath is a leading life insurance brand with heritage of over 150 years. Part of Zurich Insurance Group, one of Australia's largest life insurers

TAL Group paid over $4.2 billion in claims to over 50,128 customers between 1 April 2023 and 31 March 2024

Claims statistics based on total claims paid under TAL Life Limited and TAL Life Insurance Services Limited insurance products

ABN 92 000 010 195, AFSL 232510

Zurich Australia Limited with Australian Business Number and Financial Services License

$2.6 billion

In 2024, AIA paid over $2.6 billion in Retail, Group and Direct insurance policy claims.

$127 million

Over $127 million paid in claims to 1,032 claimants in FY23 (12 months to June 2023)

$4.2 billion

Total claims paid by TAL Group between 1 April 2023 and 31 March 2024 to over 50,128 customers and their families

Compare TPD Insurance Providers

Common questions about total and permanent disability (tpd)

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Feature-by-feature comparison