Lifebroker rebrand web banners 1900x7003

Lifebroker rebrand web banners mobile3 3

Compare Trauma Cover & Critical Illness Insurance

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

Benefits of Trauma & Critical Illness Insurance

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

What is trauma insurance?

When you take out trauma insurance, your insurer will pay out a lump sum if you are diagnosed with a specified illness or injury that will have a significant impact on your life, such as a stroke or cancer.

If you are unexpectedly diagnosed with a serious illness or are injured, it can affect your ability to work and provide for yourself and family. The lump sum payment you receive if you need to make a claim on your trauma insurance can provide significant peace of mind during a difficult time.

The set amount that you receive can be used to pay for medical bills outside of your health insurance, debt repayments, transport costs and any additional care that you might need - as well as everyday expenses.

Always carefully read your Product Disclosure Statement before taking out trauma insurance, to ensure that you understand which illnesses and injuries are covered by your policy as it will vary between insurers.

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

Your choice of trauma cover should reflect your own circumstances and needs. The level and type of cover you need will be based on your current financial and personal situation as well as what you predict you will require in the future.

The right trauma cover for you should take into consideration factors including the conditions the policy covers, your debts, health insurance coverage, any financial dependents and your income.

At Lifebroker we provide you with more information than just price, so that you compare trauma cover products based on a variety of factors such as the amount of claims paid by the insurer, the size of the company, conditions covered and the various product features. This helps you to make a confident and informed decision about your trauma cover product.

If you still have questions about which trauma cover product is right for you, our insurance consultants are waiting to take your call on 13 54 33.

What is Trauma Reinstatement?

If you have the unfortunate luck of falling victim to two different medical conditions while covered by the same policy, you may have the option of making claims for each condition. This is only possible if you take advantage of the reinstatement option available from most insurers.

Once you have already made a claim and it has been paid, it allows you to buy-back your trauma insurance plan after 12 months. Therefore, after 12 months of the previous claim being paid you can make another claim (provided that you suffer another critical illness after the 12 month period).

What is underwriting in insurance?

There are different types of underwriting. The two that mainly concern life insurance are medical underwriting and financial underwriting. When applying for life insurance products, you will need to complete an application form. Most comprehensive products will require you to complete a series of questions regarding your health and financial history. Insurance companies will also require information about your work and any sports and pastimes that you might participate in.

When you apply for an income protection insurance policy, your chosen insurer may ask you to undergo medical or health checks to assess your risk profile and calculate your premium. This could include tests, such as a blood testor a standard physical assessment.

Eliza Ryan

Senior Manager for Growth Channels and Marketing, Lifebroker

Eliza Ryan is Lifebroker's Senior Manager for Growth Channels and Marketing, bringing over 9 years of specialised expertise in the Australian life insurance sector. In her role, Eliza drives strategic growth initiatives and manages key partner relationships that connect Australians with the life insurance protection they need.

With a deep understanding of the insurance landscape and consumer needs, Eliza is committed to making life insurance more accessible and helping Australians make informed decisions about their financial security. Her expertise spans digital marketing strategy, partnership development and customer engagement across Australia's leading comparison and aggregator platforms.

Outside of work, Eliza enjoys traveling, spending time at the beach, and getting lost in a good book.

Compare Trauma Cover & Critical Illness Insurance Quotes

When you compare Trauma cover with Lifebroker, you can rest assured that you’re comparing some of the largest and most established insurance companies in Australia.