Trauma Insurance
What is Trauma Insurance?

Trauma Insurance - Also known overseas as Critical Illness Cover, pays a lump sum in the event of suffering a serious illness, the most common 3 claims are for cancer, heart attack and stroke. It is often possible to claim on the policy even if you were to contract an illness that is not immediately life threatening.

What are the benefits of Trauma Insurance Cover?

Trauma Insurance normally pays a lump sum if you are diagnosed with one of a number of specified ‘critical’ illnesses during the term of the policy. You could use the cash payment from a policy either to pay off a debt (such as a home loan) or to provide you with an income if you become too unwell to continue working.

What different types are there?

The vast majority of Trauma Insurance policies cover the following illnesses:

  • Cancer
  • Heart Attack
  • Stroke
  • Coronary Artery Bypass Surgery
  • Kidney Failure
  • Major Organ Transplant
  • Multiple Sclerosis
Combined Life and Trauma policies

It is possible to combine Trauma and life insurance to reduce the overall cost of a policy versus two separate policies.  Speak to one of our planners to see if these cost combinations can save you money.

What should I think about when choosing a policy?

Firstly you should decide the sum of money you would need if you were diagnosed with an illness which prevented you from working again. You might need to pay off a specific debt like a mortgage, arrange for nursing care or pay for further medical assistance. Your dependents are likely to need an income which will allow them to continue to live in the same way as they had prior to you giving up work.