Trauma Insurance
Trauma Insurance
Trauma insurance (also called critical illness insurance) pays a lump sum if you're diagnosed with a serious medical condition like cancer, heart attack, or stroke. Unlike income protection, trauma insurance gives you immediate funds to focus on recovery, pay for treatment, or modify your lifestyle.
Who Needs Trauma Insurance?
- Anyone with family history of cancer or heart disease
- Self-employed people who can't afford time off
- People wanting peace of mind for serious illness
- Those with limited sick leave
- Families wanting funds for private treatment
Key Details
- Waiting Period
- Typically 14-90 days (varies by condition)
- Benefit Period
- One-time lump sum payment
- Expiry Age
- 75 years old
- Tax Deductible
- No — Premiums are not tax deductible
Contact us for an indicative quote
What Trauma Insurance Covers
Covers 40+ critical illnesses including cancer, heart attack, stroke
Lump sum payment upon diagnosis (not death)
Immediate funds for treatment and recovery
Covers medical expenses not covered by Medicare
Pay for experimental treatments overseas
Take time off work to recover
Tax-free payment
Common Exclusions
Most trauma insurance policies will not cover:
Pre-existing conditions within specified period
Early-stage cancers (some policies)
Conditions that don't meet severity definitions
Intentional self-inflicted injuries
Conditions from illegal drug use
Compare with Other Insurance Types
See how trauma insurance compares to other types of coverage
Life Insurance
A lump sum payment to your loved ones when you pass away.
From: $20.83/month
Tax deductible: No
Learn More
Total and Permanent Disability Insurance
A lump sum if you can never work again due to illness or injury.
From: $32.50/month
Tax deductible: No
Learn More
Income Protection Insurance
Monthly payments replacing up to 85% of income if unable to work.
Get an indicative quote
Tax deductible: Yes
Learn More
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