Trauma cover insurance pays a lump sum if you suffer from one of the specified major
diseases or injuries covered such as a heart attack, stroke, cancer or blindness. It
has been designed to provide a benefit to help you cover medical and rehabilitation
costs, and to help with lifestyle and employment changes.
Trauma insurance usually pays your chosen sum insured upon:
death, or
the occurrence of one of the insurance company's listed serious medical conditions or procedures
the diagnosis of terminal illness, or
Total & Permanent Disablement (TPD)
This policy covers you worldwide, 24 hours a day.
You can take out this policy on your own life, in which case you are the insured
person as well as the policy owner. You can also take out this policy to insure
someone else's life, say a family member or business partner. In this case, that
person is the insured person and you remain the policy owner and maintain the rights
of policy owner.
In the event of a claim, insurers will pay the policy owner or their estate. If you
are both the policy owner and the insured person, you can nominate who will receive
the benefits on your death.
This policy cannot be taken out through a superannuation fund.
