How do I make a rest claim?
The claim process typically has 5 key steps:
- Contact us. Call us and let us know what happened: 1300 300 778.
- Eligibility check. There’s some criteria you need to meet to make a claim and so we’ll check your account to see if you’re eligible.
- Claim lodgement and assessment.
When can you claim income protection?
You can make a claim for income protection if you’ve suffered an injury or illness that is holding you back from earning income from your regular job. The injury or illness doesn’t have to be work related and can include a psychological condition.
How long does Rest pay Income Protection?
These payments can be made for up to two years and in some cases beyond two years (depending on the Rest product that you are in).
Is there a time limit to claim TPD?
In most super funds, there is no time limit for claiming insurance benefits and you can usually lodge a total and permanent disability (“TPD”) or income protection claim on superannuation based policies years after you cease work.
Does income protection get back paid?
The insurer will start your income protection payments once it accepts your claim. Your payments will usually be backdated to the end of the waiting period. The waiting period depends on the policy, but is usually 30, 60 or 90 days.
How do income protection payments work?
Income protection insurance pays up to 85% of your pre-tax income for a specified time if you’re unable to work due to partial or total disability. It is designed to replace the income based on your annual earnings in the 12 months prior to your illness or injury.
What income protection does not cover?
WHAT DOESN’T INCOME PROTECTION COVER? Income protection will not cover you in the event of employment termination or if you are made redundant. It is designed to assist a policyholder in the event they cannot perform their job, due to illness or injury.
What do you do with TPD payout?
Once your TPD claim is approved, it will then be paid into your superannuation account and added to your account balance. There is no tax payable at this point.
Can you claim TPD if not working?
This is good news for people who were out of work at the time they became TPD as it means that you can still claim on your policy. It just means that you have to satisfy a different set of definitions than people who were working. The definitions you must satisfy are the Activities of Daily Living (ADL’s).
Can you work after a TPD payout?
Provided you have suffered the loss of limbs or the loss of use of limbs/sight, you may be able to return to work after a successful TPD claim without any adverse impact on your claim.