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Compare trauma insurance today, gain peace of mind for tomorrow

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!

Here’s what you need to know about Life Insurance Policies...
  • Most Australians are inadequately prepared for the financial devastation that follows when losing a loved one. When a family loses one income due to injury or death, the ripple effect can be huge. Dependable life insurance cover means that you don’t have to worry about paying the bills in the aftermath of a tragedy, and can focus on what matters the most: your family.
  • Compare policies from up to 9 different life insurance companies to find a great deal on affordable coverage. Switching is easy and convenient; you choose a cheaper life insurance policy and we’ll help take care of the paperwork. There’s never any fee charged for our services, so we’ll save you time and money. When you compare life insurance with us, you make an informed decision about which policy offers your family the most value.
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How Frank Consolidated Policies & Saved $4,000 On Life Insurance
Frank, NSW
Comparing policies was his first step

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.

How Maggie Saved On Life Insurance
Maggie, VIC
Funding her premium through her Self-Managed Super Fund.

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.

How can I get the best policy for the lowest price?
How much trauma insurance do I need?

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.

 

How does trauma insurance work?

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.

How much does trauma insurance cost?

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.

How do I get the best trauma insurance?

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.

Following are examples of some of the benefits and discounts offered by some of Australia’s major life insurance providers.
Asteron Life
MLC
TAL
  •  

    Up to $2,000,000 in cover for over 40 medical conditions.

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    Free cover of up to $10,000 for each of your children in case they are diagnosed with a serious illness or injury.

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    Trauma booster option that lets you double the payout for partial trauma events and boost the payout for certain events by up to 25%.

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    Market leading heart attack definition that pays the full sum, even for minor or ‘silent’ heart attacks.

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    Choose from Critical Illness or Critical Illness Plus so you only pay for the level of features that suits you.

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    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.

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    Business safeguard option to increase your Critical Illness cover for business purposes without providing further medical evidence.

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    Partial benefits option for certain additional conditions listed in the product disclosure statement.

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    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

Frequently Asked Questions
Q : How do I get cheap trauma insurance?
A:

What counts as cheap trauma insurance will depend on your personal circumstances. Nonsmokers typically pay lower premiums than smokers, and premiums increase with age.
According to recent comparisons, trauma insurance for a 35-year-old male nonsmoker can be found for as low as $18.85 per month.

You should be able to find cheap trauma cover by using these tips:

  • Only choose a level of cover that suits you. Being over-insured means paying higher premiums than necessary
  • Understand your insurance options: Income protection is great for supplementing your income on a monthly basis, but trauma insurance steps in by providing a lump sum right when you need it. Don’t expect one to do the job of the other.
  • You can reduce your risk by quitting smoking, which will result in lower premiums.
  • Compare policies with LifeInsuranceComparison.com.au to find a low price on policies, plus get free financial advice from an insurance professional.
Q : What are the benefits of trauma insurance?
A:

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:

  • 20s: Insure yourself against accidents at a time when you may have less accumulated wealth to cover unexpected expenses.
  • 30s: Protect the family finances should you be diagnosed with an illness or suffer an injury that could put you out of commission for a while.
  • 40s: Feel better knowing that you have a safety net in case you get seriously ill.
  • 50s: At a time when you are moving towards retirement and your chances of suffering from health conditions increases, keep your savings untouched by securing trauma cover that can take care of sudden treatment and recovery costs.
  • 60s: Your risk of illness goes up, and having trauma cover means your family or adult children won’t bear the burden of any medical costs that could arise.
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