Pays a lump sum benefit when there is no hope that the insured will recover from a disability.

Group Total Permanent Disablement Insurance protects against total and permanent disability by providing a lump-sum payout if you can never work again.

  • Helps you attract and retain the best staff
  • Easy onboarding – no underwriting or medical checks
  • Available for businesses with five or more employees

What is group total permanent disablement?

Group total permanent disablement insurance provides your employee with a lump sum benefit if they become totally and permanently or partially and permanently disabled and:

  • are unable to work or
  • are unable to perform domestic duties or
  • suffer total or partial disablement that prevents you from performing a number of every day activities.

How does group total permanent disablement work?

TPD policies either offer cover if your employee can no longer work in their usual job (own occupation) or may only cover your employee if they can’t work in any job at all (any occupation).

Often employers use a 1 to 5 times annual income formula to figure out how much TPD cover to offer employees. Your company then pays a regular premium depending on the cover amount selected. The cost of your premium will also depend on factors like age and the industry.

Group Total Permanent Disablement

Similar employee insurance benefits

Jump the waitlists and gives your employee access to medical treatment. Your staff can therefore recover sooner.

Support and peace of mind for people facing the consequences of death and terminal illness.

Regular payments to help you maintain your lifestyle while you’re unable to work due to injury or illness.

Think of this cover as extra financial protection beyond medical and income protection insurance. 

Compare Group Total Permanent Disability Quotes and Get Expert Advice.

Creating a competitive staff benefits package can be a bit of a headache. 

All around New Zealand, we assist small businesses with insurance plans for their staff so that these companies can concentrate on their core operations.
We are here to assist you in setting up and managing your employee benefits in the most appropriate way possible while also securing the best possible premiums.