Why do you need Total and Permanent Disablement (TPD) Cover?

Total and Permanent Disablement (TPD) Insurance cover pays a lump sum if you suffer a sickness or injury that leaves you permanently unable to work.

Think about the things that are vital to you performing your occupation. For instance, how might the development of a tremor in your dominant hand or losing your sight in one eye affect your ability to continue working? What about cutting a tendon in your thumb in a DIY accident or a head injury permanently impairing your memory and ability to concentrate at work?

For many professional occupations, experiencing such a sickness or injury may have a significant impact on your ability to carry out your own or any occupation. If you were unable to ever work again as the result of such an event, how would you and your family cope financially?


Round gradient icon with the words Own Occupation

This option pays a lump sum if you become unable to perform your occupation due to a sickness or injury and are unlikely to ever be able to do so again. This cover is most suited to people in highly trained or specialised occupations.

Round gradient icon with the words Any Occupation

This option pays a lump sum if you become unable to perform your occupation due to sickness or injury and are unlikely to be able to perform any occupation for which you are reasonably suited by education, training, or experience ever again.

Round gradient icon with the words Non-Occupational Cover

Domestic Duties
Pays a lump sum if you suffer a sickness or injury leading to a permanent inability to undertake full-time domestic duties in your own home. A great option for stay-at-home parents or those responsible for full-time duties in the family home.

Loss of Limbs/Blindness/Cognitive Impairment
Pays a lump sum if you permanently lose two limbs, your sight in both eyes or experience permanent cognitive impairment.

Activities of Daily Living
Pays a lump sum if you suffer a sickness or injury leading to a permanent inability to perform two or more of a defined list of activities of daily living.

Additional Benefits 

Non-qualifying Death Benefit

Provides a payment up to $15,000 of the TPD sum insured upon death or terminal illness if you do not have a Life Insurance policy in place, and not otherwise entitled to claim under your TPD cover.


Single Loss of Limb or Eye Benefit

Provides a payment of 25% of the sum insured up to $30,000 if the insured person suffers the loss of a single limb or eye.


Accelerated or Standalone Cover

You can choose to have your TPD cover standalone or attached to your Life Insurance. If you select the latter option (known as accelerated cover), any payment made under TPD cover will reduce your Life Insurance sum insured.



Special Events Increase Benefit

Major life events often mean you need to increase your TPD cover. In the following circumstances you can purchase additional cover, irrespective of your state of health at the time:

  • Marriage
  • Divorce
  • Having a child (by birth or adoption)
  • Becoming a full-time carer for the first time
  • Death of your spouse
  • Effecting or increasing your mortgage
  • Entering private practice or becoming a partner or director in a company for the first time.

Life Insurance Buyback - Accelerated Cover Only

If you have selected accelerated TPD cover, a built-in Life Insurance buyback benefit is automatically included. This allows you to apply to reinstate your Life Insurance cover up to an amount equal to the TPD cover payment, 12 months following this payment, irrespective of your state of health at the time.

What happens while we process your application?

The MAS PLP Interim cover is insurance we offer policy owners for up to 60 days while we assess an application for Life InsuranceRecovery Insurance, or Total and Permanent Disablement Insurance.

Interim cover is available on the following terms: 

1. We will pay the policy owner an interim cover benefit if the person to be insured suffers an injury caused by violent, accidental, external, and visible means.

2. The interim cover benefit is the amount of cover you applied for in your application form, up to a maximum of:

  • $500,000 for applications for Life Insurance.
  • $150,000 for applications for Recovery Insurance.
  • $150,000 for applications for TPD.

3. There is no interim cover where:

  • the application is to replace an existing MAS policy for the same sum insured; or the person to be insured has previously had an insurance application refused or postponed or been offered non-standard terms by an insurer or where they have previously claimed under a disability policy with any insurer; or
  • the application is not accompanied by a payment method for future premiums which has been approved by MAS; or
  • we believe the application would have been deferred or accepted with special terms (e.g. loadings, exclusions or reduced benefit terms) once the underwriting assessment had been completed; or
  • is outside our then current underwriting criteria/guidelines.

4. An interim cover benefit will not be payable in respect of a claim arising as a direct or indirect result of any of the following:

  • a self-inflicted act of the person to be insured; or
  • participation in a criminal activity by the person to be insured; or
  • bodily injury to the person to be insured which occurred before the date of the application, or
  • the deliberate taking or using of non-prescription drugs, or any intoxicating substance including alcohol which renders the person to be insured incapable of normal personal care.

5. Interim cover ends, without notice, on the earliest of the following:

  • 60 days after the application was received by MAS; or
  • the policy commencement date; or
  • the risk commencement date of a cover applied for; or
  • the date the policy owner withdraws the application for cover; or
  • the date MAS declines to accept the cover; or
  • the date a claim payment is made for one of the proposed benefits.

Man in blue sweater holding a phone

Next Steps

For more information read our Total and Permanent Disablement Insurance summary sheet. The next step is to meet with a MAS adviser who will conduct a free financial review. MAS advisers are happy to meet when and where it suits to fit into your busy schedule. 

They can meet in person, via SkypeMicrosoft Teams, or simply by phone, at a time that works for you. If you want to organise an online or phone conversation with a MAS adviser, please email info@mas.co.nz or fill in our contact form.

This webpage is intended as an information guide only and does not form part of the policy document or any contract with MAS. This webpage does not take into account your own personal financial situation or goals. If you would like more detailed financial advice we can get one of our advisors to contact you. Normal underwriting criteria apply for all insurance products. Special conditions and/or excesses may apply to the situations that meets your specific needs.