Trauma insurance, also known as critical illness insurance, provides a lump sum payment if you suffer an illness or injury. It can cover traumatic events like cancer, heart attack, or even a tumor. Instead of worrying about money to pay the hospital costs, trauma insurance allows you to focus on your recovery.
We’re here to help you find the trauma cover you want at a price that makes sense, and we’ll do it all in one place. There’s no need to spend time chasing multiple quotes for cheap trauma insurance—just enter a few details to get started. Our insurance experts will help you find a great price on a policy and they’ll also help you make the switch. If only everything in life was this easy!
Before he came to us, Frank was paying for three separate insurance policies that were costing him over $10,000 a year. He was frustrated and disappointed with his insurers but didn’t know where to start.
With the help from one of our senior specialists he was able to amalgamate his policies into one comprehensive plan. With a new yearly premium of $6,000, and an insurer that has paid out over $2 billion in claims to Australians over the past two years Frank’s family was better protected and he was paying less.
Frank has since returned to us and we’re helping him with his Income Protection claim. As he recovers from knee surgery this money will help him support his family while he’s unable to work.
After years of paying premiums to the same insurer Maggie found herself in trouble when they suddenly refused to renew her policy. Due to a change in her health and her finances, she was told that no insurers would protect her. That’s when she came to us.
The level of trauma cover you will need depends on your situation. Trauma insurance is designed to cover short-term expenses, like medical costs associated with treatment and recovery. Here are a few things to consider when determining your cover:
Other insurance policies you have, such as income protection, that could assist your family if you were unable to work due to an illness or injury.
Financial needs that will still need to be met if you are unable to earn an income while injured.
Benefits like sick leave or worker’s comp that could help alleviate your expenses.
Trauma insurance gives people the funds they need to take care of sudden expenses that arise from an unexpected illness or injury. If you are diagnosed with a condition covered by your policy, you will need to file a claim with your insurer. Once the claim is successfully processed, a lump sum will be deposited into your account. This money is then used for things like medical treatment or equipment, home modifications, or even to pay off debts.
Your trauma insurance cost will depend on how much cover you want, as well as your age, gender, smoking status, and profession.
For example, a professional nonsmoking male in his 30s would pay an average of $53 a month for $250,000 worth of cover. In his 40s, he would pay an average of $132 for the same amount of cover.
The best trauma insurance fits into your budget and meets your financial needs. Different policies may suit different people, depending on your priorities. Here are a few benefits that may appeal to you when shopping around for trauma cover:
Worldwide cover so you can be confident you’re covered wherever you go
Partial payments if you are diagnosed with a less serious injury or illness
Purchase as a standalone policy or bundle it with other types of life cover
Reinstatement option, so your trauma cover doesn’t terminate after it is paid out
Needlestick cover for medical professionals who suffer needle injuries while at work
Policy benefits: Different policies have different ways of distributing certain benefits, such as funeral expenses or financial planning services
Compare policies with LifeInsuranceComparison.com.au today to find a low price on the best trauma cover for you.
Up to $2,000,000 in cover for over 40 medical conditions.
Free cover of up to $10,000 for each of your children in case they are diagnosed with a serious illness or injury.
Trauma booster option that lets you double the payout for partial trauma events and boost the payout for certain events by up to 25%.
Market leading heart attack definition that pays the full sum, even for minor or ‘silent’ heart attacks.
Choose from Critical Illness or Critical Illness Plus so you only pay for the level of features that suits you.
Optional Life Cover buy back when Critical Illness is purchased with life cover, where your life cover is restored by the amount of the benefit paid out.
Business safeguard option to increase your Critical Illness cover for business purposes without providing further medical evidence.
Partial benefits option for certain additional conditions listed in the product disclosure statement.
Three types of cover available (Critical Injury, Critical Illness, and Cancer): choose one or a combination of them.
Get covered for anywhere from $100,000 to $500,000
Bundle with life insurance to reduce your premiums
No medical tests required
What counts as cheap trauma insurance will depend on your personal circumstances. Nonsmokers typically pay lower premiums than smokers, and premiums increase with age.
You should be able to find cheap trauma cover by using these tips:
Most Australians can think of at least one person they know who has suffered a serious injury or illness, such as a heart attack or cancer. Trauma insurance gives you peace of mind that if something like this happened to you, money wouldn’t become an extra complication.
Here are some of the benefits of trauma insurance for different age groups: