Trauma insurance gives you money when you need it most

Trauma cover supports you when you’re diagnosed with a specified trauma, such as cancer.

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Benefits of Trauma Cover

  • Tax-free lump sum payment
  • Get financial help to pay for medical expenses
  • Help manage expenses and debt repayments
  • Claim when diagnosed with a specified illness such as cancer

Do I need Trauma Cover?

1) Medical expenses

Would you be able to cover the excess fees and other medical expenses outside of your health cover if you were diagnosed with a critical illness like cancer?

2) Your debt

Would you be able to cover your mortgage or other debt payments if you were unable to work because of a critical illness?

4) Financial security

Would you be under financially stress if you suffered from a critical illness like a heart attack, cancer or a stroke?

It seems like you might be financially secure if you suffered a critical illness. Are you covered for life insurance?

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You may want to consider trauma insurance for financial peace of mind.

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Learn more about Trauma Cover

What is trauma insurance?

Trauma insurance provides lump sum cover if you are diagnosed with a specified illness or injury. These include major illnesses or injuries that will have a significant impact on a person's life, such as cancer or a stroke.

There are many different individual trauma incidents that can be covered through trauma insurance. Each policy will have a specific list of covered medical conditions and the specific definition of each condition may differ between each insurer too.

The outlined list of conditions and their associated definitions are used when assessing a claim, so it’s important to review the Product Disclosure Statement to understand what you will be covered for before you apply.

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Why do I need trauma insurance?

Suffering a major trauma event could mean there may be a number of significant financial ramifications that you and your family have to deal with.

Trauma insurance can help financially support your private medical costs, rehabilitation treatment, pay for specialist medical equipment and help cover bills and other expenses while you recover.

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How much trauma insurance cover do I need?

Getting the right amount of cover is important when it comes to choosing your trauma insurance. Too little cover can mean you’re not as supported as you would need to be at claim time, while too much cover can mean you’re paying more than you have to. Our life insurance calculator helps you determine how much cover you may need.

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How does my health affect my trauma insurance application?

Insurers generally take into account different personal and lifestyle attributes when considering a trauma insurance application, including your age, height, weight, medical history, occupation, family health history and smoking status.

If you have pre-existing health issues when you apply for cover, you may need to pay a higher premium rate than normal (known as a ‘premium loading’) to cover the additional risk or the insurer may apply an exclusion to that condition or in some cases an insurer could potentially decline the application.

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How can I decide which trauma cover type or product is right for me?

At Lifebroker we don’t compare different policies solely on price, we also provide you with a snapshot of the different product features and an overview of each company on size and claims paid. This information can help you make a confident decision about what insurance suits you. When you complete a life insurance comparison we provide an overview of the different trauma insurance product features and benefits also. 

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