What's the difference between 'Own Occupation' and 'Any Occupation' TPD definitions?

The definition used in your TPD policy significantly impacts when you can claim. 'Own Occupation' TPD means you're unable to work in your specific job or profession due to disability, even if you could potentially work in a different field. This definition is more favorable to claimants and typically costs more in premiums. 'Any Occupation' TPD has a much stricter test - you must be unable to work in any job that suits your education, training, or experience. This means even if you can't do your current job, if you could reasonably do any other work, you won't qualify for a payout. Any Occupation policies are cheaper but much harder to claim on. Importantly, Any Occupation is the only definition available through superannuation in Australia, while Own Occupation cover is generally only available outside super and comes with higher premiums.