Issuu on Google+


Trauma cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses. Trauma insurance is also referred to as terminal illness coverage.

Š Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au


Generally standard Trauma Insurance policies in Australia cover the following: • • • • • • • • •

Benign brain tumor Benign tumor of the spine Heart attack Chronic kidney failure Burns of limited extent Aortic surgery Medically acquired HIV Loss of speech Severe burns © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au


Apart from these, quotes also vary depending on your individual situation like your age, whether you are a smoker or not, and gender. This is not gender bias but because there is a gender difference in health conditions and thus the difference.

Š Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au


The premium you pay depends also on the type of policy you choose, namely: Standard Policy or Plus Policy The expiry age of the policy The definition of the policy and the conversion of definition when you reach a certain age Sum insured Š Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au


In case of trauma, there is a survival period of 14 days. This means that you need to survive a traumatic event for 14 days to become eligible. Different insurance companies have different guidelines on what is covered in their Product Disclosure Statements or PDS. Generally all trauma policies have a waiting period of 90 days. Š Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au


www.LifeInsuranceDirect.com.au

This presentation does not represent and products or services provided by LifeInsuranceDirect.


Trauma Insurance - A Great Way To Help Your family