Disablement Insurance
Total and Permanent Disablement Insurance
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Peace of mind for you and your family.
Most Triple S members will be provided with three units1 of Standard Death and Total & Permanent Disablement (TPD) Insurance until age 702
Being a combined cover, this means it’s not possible to elect to have TPD only insurance.
Members also have the option of applying for fixed benefit insurance which is an alternative type of cover which can provide you with a fixed level of cover until your reach age 70. For more information on this type of cover please refer to the Triple S Death and TPD & Death Only Insurance fact sheet.
Subject to eligibility, you’ll be paid a lump sum entitlement:
- If you are incapacitated for all types of work, and it’s unlikely at any future time you will engage in gainful employment for which you are reasonably qualified by education, training or experience3, or
- If you have a terminal illness.
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How does insurance within spouse accounts work?Triple S and Flexible Rollover spouse accounts do not offer Total and Permanent Disablement Insurance. For further information about Death Only Insurance cover offered in spouse accounts please refer to the Spouse accounts section on the Death Insurance page.
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How much cover do I have?
You can register and then login to the online member portal to find out how much you’re currently covered for.
You can also use the Insurance Calculator in the Knowledge Centre to work out whether you have enough insurance to meet you and your family’s needs, should the unexpected happen.
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Can I change my level of Death and TPD Insurance cover?
You can:
- Purchase more Standard units of cover, or Fixed Benefit Insurance units
- Elect to have fewer Standard units of cover, or Fixed Benefit Insurance units, or
- Cancel your cover4,5
However, the maximum value of Death and TPD Insurance you can have is $1,500,000 for full-time or part-time employees, or $750,000 for casual employees.
When purchasing insurance, you’ll need to complete a personal statement about your health. Limitations may be applied to your cover for any pre-existing medical conditions.
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How much does Standard Death and TPD Insurance cost?
The cost of the first three units of cover is $0.75 per unit, per week. Additional units cost $1 per unit, per week6
The value of each unit starts decreasing once you reach age 35.
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How much does Fixed Benefit Death and TPD Insurance cost?
The cost of a Fixed Benefit unit is based on your age and the premiums will increase as you get older. Please refer to the relevant table in the Triple S Death and TPD & Death Only Insurance fact sheet for more information on this type of cover.
The value of each Fixed Benefit unit will not decrease in value with age. Once you fix your level of cover it remains the same until you advise us you want to change it, or you reach age 70.
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1 Members of Triple S who are employed as SA Police Officers, SA Ambulance Operational staff and SA Ambulance staff who transferred into Triple S from the SA Ambulance Service Superannuation Scheme as a contributory member before age 60, automatically receive six units of Standard Death and Total & Permanent Disablement (TPD) Insurance and cannot decrease or cancel these units until age 65.
2 Members who have been working for less than six months cannot claim for a condition that existed at the time they commenced work.
3 Or for which the insured could be expected to become reasonably qualified following appropriate training or rehabilitation.
4 Members of Triple S who are employed as SA Police Officers, SA Ambulance Operational staff and SA Ambulance staff who transferred into Triple S from the SA Ambulance Service Superannuation Scheme as a contributory member before age 60, automatically receive six units and cannot decrease or cancel these units until age 65.
5 Keep in mind that if you decrease or cancel your Triple S insurance and you apply to increase your level of cover in the future, you will be required to provide information about your health, and limitations may be applied to your cover for any pre-existing medical conditions.
6 Members of Triple S who are employed as SA Police Officers, SA Ambulance Operational staff and SA Ambulance staff who transferred into Triple S from the SA Ambulance Service Superannuation Scheme as a contributory member before age 60, automatically receive six units of Standard Death and Total & Permanent Disablement (TPD) Insurance and cannot decrease or cancel these units until age 65. The first six prescribed units cost $0.75 per unit per week. Additional units cost $1.00 per unit per week.
