Cover & Protect Your Income From Critical Illness
Trauma Insurance also known as ‘critical illness’ insurance provides you with a lump sum payment if you suffer a serious
medical condition such as a heart attack, stroke or cancer. A trauma benefit is typically used to:
- Pay off immediate medical bills and rehab expenses
- Replace income and take care of your ongoing costs
- Protect you against future debts
- Take a holiday and time away from work
All insurance claims are paid out on diagnosis, meaning you can be covered whilst still actively working. Trauma insurance can be bought separately but is usually bought in conjunction with death, income protection and TPD cover.
The sum insured could range from $50,000 to $500,000 – a lesser amount when it’s bought in conjunction with the other products, a higher amount if it’s bought standalone.