Trauma Cover & Critical Illness Insurance Comparison

Trauma Cover FAQs

What is trauma insurance?

When you take out trauma insurance, your insurer will pay out a lump sum if you are diagnosed with a specified illness or injury that will have a significant impact on your life, such as a stroke or cancer.

If you are unexpectedly diagnosed with a serious illness or are injured, it can affect your ability to work and provide for yourself and family. The lump sum payment you receive if you need to make a claim on your trauma insurance can provide significant peace of mind during a difficult time.

The set amount that you receive can be used to pay for medical bills outside of your health insurance, debt repayments, transport costs and any additional care that you might need - as well as everyday expenses.

Always carefully read your Product Disclosure Statement before taking out trauma insurance, to ensure that you understand which illnesses and injuries are covered by your policy as it will vary between insurers.

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How can I decide which trauma cover type or product is right for me?

Your choice of trauma cover should reflect your own circumstances and needs. The level and type of cover you need will be based on your current financial and personal situation as well as what you predict you will require in the future.

The right trauma cover for you should take into consideration factors including the conditions the policy covers, your debts, health insurance coverage, any financial dependents and your income.

At Lifebroker we provide you with more information than just price, so that you compare trauma cover products based on a variety of factors such as the amount of claims paid by the insurer, the size of the company, conditions covered and the various product features. This helps you to make a confident and informed decision about your trauma cover product.

If you still have questions about which trauma cover product is right for you, our insurance consultants are waiting to take your call on 13 54 33.

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What is Trauma Reinstatement?

If you have the unfortunate luck of falling victim to two different medical conditions while covered by the same policy, you may have the option of making claims for each condition. This is only possible if you take advantage of the reinstatement option available from...

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What is underwriting in insurance?

There are different types of underwriting. The two that mainly concern life insurance are medical underwriting and financial underwriting. When applying for life insurance products, you will need to complete an application form. Most comprehensive products will require you to complete a series of questions regarding your health and financial history. Insurance companies will also require information about your work and any sports and pastimes that you might participate in.