TRAUMA INSURANCE
Income Protection | Life
| Trauma
What is Trauma Insurance?
Trauma insurance provides you with a lump sum payment if you suffer a defined major medical trauma.
The payment of a lump sum can be of considerable assistance if one of the insured events occurs. For example:
- you will be able to afford the best medical care, both here and overseas;
- you will be able to gain access to the full range of rehabilitation services; and
- you will be able to amend your lifestyle if you have to or want to as a result of suffering from the insured event.
The actual events covered can vary between insurers but the list on the right is indicative of the insured events included in most policies.
What are the chances of suffering an insured event?
The chance of suffering an insured event, under a trauma insurance policy, prior to age 65 is:
- 1 in 3 for a Female; and
- 1 in 2 for a Male
Source: Pricing Dread Disease Insurance - Institute of Actuaries of Australia 1994. Updated March 2002.
Example of Product Features:
- Extensive Number of Events Covered
Comprehensive Trauma Protection covers 39 critical conditions with market leading definitions.
- Full AIDS Cover
Occupationally and medically acquired HIV is covered.
- Guaranteed Renewable
While your policy is in force we guarantee to renew it regardless of changes to your occupation, health or pastimes.
- 24 hour Worldwide Cover
You are covered 24 hours a day, 7 days a week, anywhere in the world.
- Advancement Benefit
A percentage of the sum insured will be advanced to you on the diagnosis of some specified critical conditions even though you may not yet qualify for payment of the full sum insured. The benefit payable is 25% of the sum insured to a maximum of $50,000.
- Indexation
Indexation of your sum insured is offered every year. You may decline to accept the offer to increase. This will not affect any further offers made.
- Future Insurability
The Future Insurability Benefit provides the option to increase the sum Insured on your Trauma Insurance Policy at no extra cost.
- Waiver of Premium (on Trauma) Option
Upon a Trauma Benefit being paid, some insurers will waive Life Insurance premiums to age 65.
- Competitive Underwriting Terms
Underwriters will consider applications for up to $2 million.
- Entry Age
Allows for entry up to 70 next birthday.
- Female Benefit Plus
An optional Trauma Benefit designed especially for females and female specific conditions.
- Children's Benefit Plus
This Benefit provides an option for you to apply for Comprehensive Trauma Insurance on the lives of one or more of the children of an insured person aged between 2 - 17 years.
For more information regarding Trauma Insurance or for an obligation free premium quotation, please contact us.
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