News Life and Health14 Oct 2019

Australia:Mental health accounts for majority of total permanent disability claims

| 14 Oct 2019

Life insurers pay out more total permanent disability (TPD) claims caused by mental health conditions than for any other cause - accounting for 24.1% of all TPD claims, according to data compiled by the Financial Services Council (FSC) and professional servics firm KPMG Australia that for the first time provides deep insights into the underlying causes of TPD claims in Australia.

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