If you are unable to work as a result of an injury or illness, you may be able to seek compensation from your superannuation. Unlike other compensation avenues, a TPD claims does not require you to prove that your injury or illness is the result of someone else, or is in some way related to work.
Unlike what many people think, most superannuation funds provide some level of cover for either total and permanent disablement (TPD), death, or income protection insurance. In some cases, you may even be able to access your superannuation account before you retire if you are permanently unable to work.
At times like this, it is essential to talk to specialists experienced in superannuation, disability and insurance compensation claims. With their help, you can rest assured you claim is in the best shape it could be.
Time limits for receiving payments
When you lodge a claim, there are a number of factors that can influence the amount of time it will take to be processed. Generally, it will take between two and three months, however, this can be very different depending on the complexity of the case and whether or not you have satisfied all the criteria.
By engaging with a compensation lawyer, such as those at Gerard Malouf and Partners, they can provide you with an written advice and a timeline of important dates. It will be written in plain English and set out realistic dates marking key points in the application process.
In a few rare cases, a claim can go to court. If this happens, the time taken can be extended by up to a year. If this does occur and you have experienced and professional counsel, they will again outline what you can expect and when you can expect it.
As the time and value of the settlement varies depending on the circumstances, it is important to seek lawyers who put your needs first and are confident in their abilities. At Gerard Malouf and Partners, we offer a no win no fee guarantee that can ensure you get the best settlement possible.
This means that unless we are successful at attaining commendation on your behalf, we will not charge you for the legal work we accomplish. With no upfront costs, you can rest assured there are no obstacles to you making a claim.
If you would like to learn more, contact Gerard Malouf and Partners today to find out more.