Can I have both trauma insurance and TPD insurance?

Yes, absolutely - having both trauma insurance and TPD (Total and Permanent Disability) insurance is not only possible but highly recommended by financial experts as they serve different purposes and provide complementary protection. Trauma insurance pays when you're diagnosed with a specified critical illness like cancer, heart attack, or stroke, regardless of whether you can return to work. TPD insurance pays when you're permanently unable to work again due to illness or injury, or in some cases, when you cannot perform normal daily living activities. You could potentially claim on both policies for the same medical event if you meet the different criteria - for example, if you suffer a severe stroke, you might first claim trauma insurance for the diagnosis, then later claim TPD insurance if the stroke leaves you permanently unable to work. Many Australians bundle these coverages together, often purchasing them as a package that may include life insurance as well, which can result in premium savings compared to buying each separately. Having both types provides comprehensive financial protection: trauma insurance provides immediate funds when diagnosed to help with medical costs and immediate financial needs, while TPD insurance provides long-term financial security if you can never work again. Together with income protection and life insurance, this creates a complete insurance safety net protecting you and your family from various financial risks.