Trauma insurance pays you a lump sum amount in the event that you are diagnosed with a specific illness. (up to 45 major illnesses depending on the insurer)
Trauma Insurance is paid when a person receives a confirmed diagnosis of a qualifying illness.
Some of the trauma/critical illnesses covered include Heart Attack, Cancer, deafness, major burns, blindness, stroke, nervous system disorders, major head trauma etc.
Trauma Insurance is designed to give you money when you need it most.
Cardiovascular disease was the leading cause of death in Australia in 2000, ahead of all cancers and other groups of causes of death, accounting for 49,741 deaths or 39% of all deaths.( The Victor Chang Institute)
1 in 2 men and 1 in 3 woman will be diagnosed with cancer before the age of 85. (cancer council 2010)