Reassessing Your Rejected TPD Claim
It can be very disheartening and frustrating when your TPD claim is rejected, particularly when you are relying on it for critical financial support. While you may be able to have the decision reversed, understanding the reason your claim was declined is crucial.
In case of a rejected claim, you may reassess your claim based on the following:
- Was your TPD insurance policy valid and active at the time you became disabled?
- Have you met your policy’s definition of disability (you may refer to your policy’s Product Disclosure Statement)?
- Did you submit enough medical evidence and documents that can support your disability?
- Is there any relevant information or pre-existing medical conditions that you have forgotten to disclose in your application?
- Have you met your policy’s waiting/qualifying period?
Thinking outside the box can often allow you to tackle these requirements in a more effective manner. With our years of experience in handling complex TPD claims, we can help you collate and prepare the evidence the insurer requires, advocating for you throughout the process.
What To Do If Your TPD Claim Is Rejected or Denied
Do not be discouraged when your TPD claim is denied—in most cases, it is not always final. Your insurer may simply need more details to verify your eligibility. Below are the steps you can explore to get a better outcome:
1. Appeal The Decision (Internal Dispute Resolution)
If you wish to appeal the decision, you will need to do so within the specified time frame. This will generally be within 21 days of receiving the rejection letter.
Most insurers have a formal dispute resolution process, giving you the chance to request a review of your claim/s. The common process is as follows:
- Read the rejection letter from your insurer carefully
- Clarify the reason for the decline
- Check if there are errors or missing information in the submitted documents
- Provide the corrected or missing documents in support of your claim
When appealing the decision, you will need to provide evidence to support your claim. This evidence can include medical reports, employment records and character references.
It is important to note that there is no guarantee that your appeal will be successful.
2. Negotiate With The Insurer
Another option available to you is to negotiate with the insurer. This can be done either directly or through a third party such as a solicitor or a financial advisor. Disputing a claim with an insurer yourself can be incredibly daunting. Help from a third party expert can smoothen the communication with your insurer in a more effective manner.
3. Seek Help From A TPD Claims Adviser
Engaging with an adviser to process your TPD claim decreases your level of stress and can help improve your chances for a better outcome.
At Curo Financial Services, we assist our clients in:
- Handling the paperwork and guiding you throughout the process
- Communicating and negotiating with medical providers and insurers on your behalf
- Receiving customised and expert advice based on your claim situation
- Building a strong case with comprehensive medical evidence
- Understanding complex policy definitions and requirements
4. Submit A Complaint Through AFCA
If eligible, you may lodge a complaint through the Australian Financial Complaints Authority (AFCA). It is an independent organisation that helps individuals and small business owners resolve disputes with accredited financial firms. You may head over to AFCA’s website to learn about their process.
5. Take Legal Action
The final option available to you is to take legal action. This is not something that should be entered into lightly. Speak with a solicitor first about your options before taking this step.
However, this option can be very costly, time-consuming, and stressful. You may need to attend court proceedings and meet frequently with your legal counsel while on treatment.
Special Considerations: TPD Claims for Mental Health Conditions
It can be more challenging to process a TPD claim due to a mental health condition than a physical condition. Typically, your insurer may require intensive documentation to prove your disability.
Common Challenges for Mental Health TPD Claims
- Mental health conditions can be subjective and difficult to prove
- Typically, insurers would require intensive medical evidence to support your claim
- Your symptoms may vary over time, making it harder to declare as permanent
- Your insurer will conduct a thorough assessment of your inability to work
- In some cases, insurers may view mental health conditions as treatable with medication over time
- It can be difficult to lodge a complex TPD claim when dealing with a mental health condition
Working with a TPD claims adviser helps you build a strong claim case to increase your chances of approval, particularly for mental health-related claims.
Get Expert Advice About Your Rejected or Denied TPD Claim
Do not let a rejected TPD claim get in the way of having financial support. Your TPD insurance policy is supposed to provide a financial safety net during challenging times—let us help you get that.
TPD Insurance policies and Disability Pensions have numerous criteria that are constantly changing. A TPD claims expert can provide you with up-to-date advice regarding what is required for you to claim.
At Curo Financial Services, our decades of experience working with hundreds of clients have given us the expertise to deal with complex claims and denied TPD claims. Our services include:
- Customised and expert TPD claim advice
- Guidance and support throughout the process
- Communication and negotiation with your insurer on your behalf
- Helping you maximise your TPD payout
- Reassessing rejected claims to identify appeal opportunities
- Building comprehensive evidence packages for resubmission
Get in touch with us. Our team will be happy to assist you.
FAQs
What percentage of TPD claims are successful?
About 86% of TPD claims in Australia are successful, according to the 2019 report of the Australian Securities & Investment Commission (ASIC).
Is it difficult to get a TPD payout?
The complexity of processing a TPD claim will depend on your situation. If you can provide the necessary and required documents and medical evidence, and meet the eligibility criteria, you may access your TPD payout within weeks. However, if your medical condition is complicated, the process can take months to a year.
What happens when TPD claims are rejected?
When your TPD claim is rejected, here are the options you can explore to appeal your insurer’s decision:
- Process an internal dispute resolution with your insurer
- Seek help from AFCA
- Get expert help from a TPD insurance claims adviser
- Engage with a legal professional
What is a typical reason for a denied claim?
The typical reasons for getting TPD claims rejected are:
- Being unable to meet the policy definition of total and permanent disability
- Not being able to provide enough medical evidence
- Missing the claim window or waiting period
- Not meeting occupation-specific criteria
- Failing to cooperate with the insurer’s investigation
What is the average TPD amount?
There are a few factors that determine the amount of your TPD payout:
- The predetermined amount of insurance coverage when you purchase or obtain your policy
- Policy terms and definitions can impact your payout
- The severity of your disability can affect your TPD payout with some insurers
It is also important to consider the impact of taxes on your payout.
Can I reapply after my TPD claim is rejected?
Yes, you can appeal the decision or reapply with additional evidence. Working with a TPD claims adviser can significantly improve your chances of success on appeal.
Need Help With Your Rejected TPD Claim?
A rejected TPD claim can mean no financial support from your TPD insurance when you need it the most. Reach out to Curo Financial Services—our team of expert TPD claims advisors has helped hundreds of Australians for decades.
Send us an email at admin@curofs.com.au or call us at 1300 665 356 for any enquiries you have.
If you feel you have a valid TPD insurance claim and would like further assistance and expert advice from an experienced TPD claims advisor, get in touch with us today. Our friendly team of professionals will be more than happy to provide you with advice and information as well as to get things moving with your denied TPD claim.
General Advice Disclaimer
General advice warning: The advice provided is general advice only and in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.