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. A Trauma policy is well defined as to what does and does not trigger a payment

Recently Zurich Life published a research white paper on medical conditions, many of which are covered by Trauma insurance. The full publication can be found here (very large pdf file).

I have provide single page links to some of the more common illnesses as shown below.

The medical conditions for Trauma Insurance 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 or TAL Life's Female Specific Trauma Insurance which includes additional coverage specific for women (flyer here). Other Trauma Insurance options include 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.


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