What is Trauma Insurance

Trauma Insurance (some times called Critical Illness Cover) is a policy that pays out a lump sum dollar amount based on specific medical conditions. The policy is well defined as to what does and does not trigger a payment

Some of the medical conditions include:

  • Cancer
  • Heart attack
  • Open heart surgery
  • Coronary artery bypass
  • Stroke
  • Parkinson’s disease
  • Motor neuron disease
  • Multiple sclerosis
  • Major organ transplant
  • Dementia
  • Loss of independent existence
  • Quadriplegia

The medical conditions are very specific and most modern policies cover between 35 and 45 different conditions, it is also possible to include very specific add ons to a policy such as OnePath's new Baby Cover which allows the attachment of extra conditions specifically related to Child Birth and Young Babies option, Needlestick option, Accidental Death, and Living Activities TPD option.

With such a range of conditions it is possible to get very large differences when comparing one policy to another in both the benefits the policy may offer and the cost of the policy.

Let us review your needs and compare policies for you.