{"id":79404,"date":"2025-09-29T11:48:27","date_gmt":"2025-09-29T01:48:27","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=79404"},"modified":"2025-10-02T11:58:30","modified_gmt":"2025-10-02T01:58:30","slug":"mix-n-match-tpd-option-from-acenda","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/09\/29\/mix-n-match-tpd-option-from-acenda\/","title":{"rendered":"‘Mix ‘n’ Match’ TPD Option from Acenda"},"content":{"rendered":"

TPD Severity is a new add-on from Acenda that allows advisers to tailor their clients’ existing TPD policy to suit their needs. The option uses established medical impairment benchmarks to assess the degree and permanence of disability, for both physical and mental health conditions, bringing greater objectivity and consistency to the claims process.<\/p>\n

Gerard Kerr<\/strong>, Acenda’s Chief Executive, Individual Insurance, said the option has been designed with help from advisers \u00a0and “…reflects the evolving needs of Australians, including a need for greater stability in the cost of TPD insurance”.<\/p>\n

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Gerard Kerr, responding to demands for more flexible TPD options.<\/figcaption><\/figure>\n

\u201cThe way we work, recover, and diagnose medical conditions have evolved significantly since TPD insurance was first established,\u201d he said.<\/p>\n

\u201cWe\u2019ve worked closely with advisers to design a solution that reflects the realities of modern medicine and employment.<\/p>\n

“Advisers can tailor cover to their clients\u2019 individual needs by mixing and matching the levels of TPD Severity with the customer\u2019s preferred level of other TPD cover.”<\/p>\n

Between 2018 and 2023, Acenda reported a 166% increase in retail TPD claims for musculoskeletal conditions and a 171% increase in retail TPD claims for mental illness.<\/p>\n

…TPD Severity is a modern solution to a modern problem…<\/p><\/blockquote>\n

“This consistent rise in claims over recent years has also resulted in higher TPD premiums across the industry, making cover increasingly unaffordable for many Australians and further threatening ongoing access to this valuable disability cover,” said Kerr.<\/p>\n

\u201cTPD Severity is a modern solution to a modern problem, delivering customers more affordable premiums while still offering access to meaningful protection that gives Australians the confidence to take life on.\u201d<\/p>\n