{"id":33123,"date":"2016-04-26T20:12:55","date_gmt":"2016-04-26T09:12:55","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=33123"},"modified":"2025-09-02T11:34:34","modified_gmt":"2025-09-02T01:34:34","slug":"sunsuper-removes-waiting-periods-in-new-tpd-product","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2016\/04\/26\/sunsuper-removes-waiting-periods-in-new-tpd-product\/","title":{"rendered":"Sunsuper Removes Waiting Periods in New TPD Product"},"content":{"rendered":"

Sunsuper has launched a new total and permanent disability (TPD) product which will remove waiting periods for most claims and offer annual support payments to people who claim but have not suffered a catastrophic event or long term debilitating disease.<\/p>\n

\"Sunsuper,<\/a>
Sunsuper, Head of Product, Wanda Britton<\/figcaption><\/figure>\n

The new insurance product \u2013 TPD Assist \u2013 will be available from 1 July and has been in development for 18 months with the superannuation fund stating it focussed on early intervention, vocational rehabilitation and helping members return to work.<\/p>\n

Sunsuper, Head of Product, Wanda Britton<\/strong> said an indepth study of more than 1000 Sunsuper members who had previously been paid a TPD claim found that 36% returned to work or were actively seeking employment, while 69% wanted assistance in vocational rehabilitation, retraining or up-skilling and 66% wanted help finding a job.<\/p>\n

\u201cThis really highlights that \u2018permanent\u2019 isn\u2019t necessarily forever, and that many of our members who have made a TPD claim want to return to work,\u201d Britton said.<\/p>\n

\u201cThis really highlights that \u2018permanent\u2019 isn\u2019t necessarily forever, and that many of our members who have made a TPD claim want to return to work”<\/h6>\n

Britton said that with most waiting periods removed members who suffered an injury could begin the claims process on diagnosis of an injury and would receive benefits as well as a referral to a vocational rehabilitation specialist to work with the member, their employer and their treating doctor to support them with a tailored program.<\/p>\n

\u201cOnce the member is assessed as meeting the definition of being totally and permanently disabled, they will receive their cover in six equal annual support payments over five years – unless they\u2019re able to return to work earlier at which time the payments would stop,\u201d Britton said, adding that in the event a member was unable to ever work again, the TDP Assist product would provide a single lump sum payment instead.<\/p>\n

\u201cHelping our members get back to work by removing waiting periods for the majority of members, and focusing on early intervention, vocational rehabilitation and retraining is what makes this product different from any other TPD product in the market,\u201d Britton stated.<\/p>\n

The TPD Assist product would also offer reductions in combined annual Death and TPD Assist premiums of around 15% and a reduction of around 30% in the TPD Assist premiums for most members according to Britton.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sunsuper has launched a new total and permanent disability (TPD) product which will remove waiting periods for most claims and offer annual support payments to people who claim but have not suffered a catastrophic event or long term debilitating disease.<\/p>\n","protected":false},"author":3,"featured_media":33136,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8294,4,5622],"tags":[4247],"class_list":{"0":"post-33123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-claims","8":"category-products","9":"category-superannuation","10":"tag-feature"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/33123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=33123"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/33123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/33136"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=33123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=33123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=33123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}