The usual TPD compensation ranges from $60,000 to $500,000, with many awards exceeding $200,000. Your superannuation member statement will make this amount, known as your “insured benefit amount,” very plain.
However, if you have many policies, your total compensation for total and permanent disability could be much larger. Many Australians have had multiple superannuation funds since changing jobs.
It’s a common fallacy that filing for Total and Permanent Disability (TPD) benefits is simple. In reality, TPD claims require the submission of extensive documentation and expert testimony. For this reason, we firmly advise that you consult with a qualified lawyer.
You must get in touch with your superannuation fund to submit a successful TPD claim, and they’ll normally require you to fill out several documents. The superfund will forward your TPD claim to the insurer for an assessment following an initial evaluation.
After that, the insurer will decide whether to accept or reject your claim. The key to successful TPD claims is complete application completion and the submission of all required supporting documentation, such as medical records or workers’ compensation files.
The majority of people, however, have never filed a TPD claim before. Therefore, they are forced to comply with ad hoc requirements from the superannuation provider or the insurance company, which may be time-consuming and difficult. This method might drastically jeopardize the success of your claim if you make even one mistake.
Fort Lawyers also want you to be at ease when you pursue your claim. “No Win, No Fee” agreements are common among law firms. If they lose, they won’t bill you for their work, but they will still bill you for disbursements and lawyers’ fees, which can be thousands of dollars. But Fort Lawyers’ policy is simple: if we don’t win, you will not have to pay us anything! Fort Lawyers take satisfaction in receiving greater compensation in our cases, which we win over 99% of the time.
