Any Occupation TPD

Any occupation TPD insurance uses a more restrictive definition of total and permanent disability, requiring you to be unable to engage in any occupation for which you're reasonably qualified by education, training, or experience. This means even if you can't perform your current job, if you're capable of working in another suitable role - even at reduced income - you typically won't meet the claim criteria. For example, a tradesperson who can no longer perform physical labour but could work in administrative roles related to their industry might not qualify for an any occupation TPD benefit. This stricter definition makes claims more difficult to substantiate and results in lower claim acceptance rates compared to own occupation TPD. However, the corresponding 30-50% premium reduction makes any occupation TPD more affordable and accessible to most Australians. Any occupation TPD is the standard definition provided in most Australian superannuation funds' default insurance coverage, particularly in industry and retail super funds. The assessment considers your specific circumstances including age, education level, work experience, skill transferability, and physical capabilities. ASIC has scrutinised any occupation definitions following concerns about claim denials, leading to clearer policy wording in recent years. Despite the stricter definition, any occupation TPD still provides valuable protection for catastrophic disabilities where no work is possible, and the cost savings can allow higher coverage amounts for the same premium budget.