Get Covered with Trauma Insurance
Trauma insurance (also known as medical recovery or critical insurance) covers you against a range of specified life-threatening illnesses of injuries, such as cancer, heart attack or stroke.
It can take away the financial worry and let you focus on recovery. Trauma insurance provides you with a tax free lump sum payment and there are no restrictions on how it can be spent. For example it can be used:
- To cover additional costs caused by your illness such as out-of-pocket medical expenses, home nursing and specialists’ bills
- To meet expenses you can’t cover due to being off work
- For renovations to your home or reducing mortgage debt
How much cover do I need?
With trauma insurance you apply for a specified amount of insurance. The sum insured that you choose could be based on a range of factors – debt levels, existing assets, your household budget etc.
What questions should I ask when considering this cover?
- How and when can you increase existing Trauma insurance? What is the minimum insurance?
- How and when are Trauma insurance benefits paid?
- Can the Trauma insurance lump sum benefit be reduced for any reason? If so what reasons?
- When does cover start?
- When does cover end?
Personal Insurance Cover
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