Trauma Cover


If you are diagnosed with a critical illness or crisis, trauma insurance can relieve some of your financial burdens.  Unlike income protection insurance, which is dependent on your inability to work, trauma cover is paid out on the diagnosis of a defined critical illness regardless of whether you are working or can work.

Instead of receiving a monthly income stream, you are paid a lump sum that has no restrictions on what this can be used for.  Trauma insurance is often an addition to life policies.

For instance a client has $300,000 of trauma cover.  The client is diagnosed with bowel cancer, is fortunate to have an early diagnoses, makes a full recovery, and returns to work three months later.

The trauma policy will pay out the $300,000 cover.  This benefit is not subject to a disability condition, provided the medical condition is one of the defined events that meets the definition the policy will pay.