Trauma Insurance

Trauma insurance pays you a lump sum payment in the event that you are diagnosed with a specified illness (up to 45 major illnesses – depending on insurer) including (but not limited to) things like cancer, heart attack, stroke etc. Trauma insurance is designed to give you money when you need it most. It is the most expensive product, however it is the one that’s most claimed upon and that’s reflective in the cost!  An example of this – if you were to suffer from cancer and were to be off work for a couple of years due to chemo, stress etc, your life insurance would not pay out, your TPD insurance would not pay out because you will return to work one day, however your trauma insurance would give you that lump sum payment to ease the financial pressures of not working.