What Is Trauma Cover?
Trauma Insurance can pay you up to $2 million if you are diagnosed with a critical illness or suffer a lifechanging injury.
It is designed to help you afford medical treatments, time to recover, and any lifestyle changes you may require in the event of an illness.
It is usually sold as an add-on to Life Cover and pays a set amount, sometimes dependent upon the severity of the illness or injury.
There are many variations in product terms, definitions, waiting periods, and benefits periods. These variations can make a big difference to the cost of your premiums, how much you can claim and how quickly you can receive payments.
Did You Know?
Trauma cover can pay a ump sum of up to $2 million if you are diagnosed with a critical illness or suffer a life-changing injury.
Cover can automatically increase each year to keep up with inflation.
Advance payments are sometimes available.
Child critical illness benefit may be available as a built-in feature if your
child suffers a critical illness event as defined in the policy.
Cover is usually an add-on to Life Cover.