Trauma Insurance / Diagnosis Insurance

Trauma Insurance / Diagnosis Insurance

Trauma Insurance cover provides a lump sum upon DIAGNOSIS of a critical illness and similar diseases. It is not dependant on whether it is a major case, or a minor case, and it is not dependent upon death. It is paid upon DIAGNOSIS of one of the specificed illnesses, including things like cancer, heart attack, stroke etc.

Trauma insurance, sometimes called Critical Illness Insurance, is designed to give you money when you need it most. Whilst it is more expensive than other personal insurances, it is the one that’s most claimed upon and that’s reflected in the premiums! An example of this – if you were to suffer from a critical illness such as cancer and were to be off work for a couple of years for treatment and recovery, your life insurance would not pay out for the obvious reason that you are still alive and your TPD insurance would not pay out because you will return to work one day, but your trauma insurancewould give you that lump sum payment to ease the financial pressures of not working.

Payment is also made regardless of whether you are prevented from working or not. It is available either as a standalone cover, or can be packaged in conjunction with Life Insurance (Death cover), or Total and Permanent Disability (TPD) Insurance.

This type of cover is particularly important because of the statistical chances of any one of us being affected by one of these major medical conditions, prior to dying. The associated medical costs, relating to the treatments and rehabilitation of such a condition, are enormous. The result of such a diagnosis can be not only life threatening, but also life changing.

Trauma Insurance, or Critical Illness insurance, sits outside death cover, and in between Total and Permanent Disability (TPD) Insurance and Income Protection Insurance. You may be diagnosed with Cancer for example, and need the relevant treatment, but you may not be ill enough to be deemed to be unable to work for very long, and you certainly are not necessarily medically defined as TPD.

Trauma Insurance pays a lump sum payment which is not dependant upon TPD nor not unable to work, and of course “you do not have to die to collect” !!!!

With Trauma Insurance or Critical Illness Insurance, the lump sum payment is the amount decided upon, by yourself, within your original application for the Trauma Cover. It is the “sum insured”.

Trauma insurance provides a lump sum payment upon the medical diagnosis of such conditions as, Cancer, Heart attack, Organ transplant, Stroke, or any of the conditions listed below. These conditions can vary from one insurance company to another. They are however, always listed in the respective Product Disclosure Statement booklet. This cover provides a lump sum upon DIAGNOSIS. It is not dependant on whether it is a major case, or a minor case, and it is not dependent upon death. It is paid upon DIAGNOSIS.

Payment is also made regardless of whether you are prevented from working or not. It is available either as a standalone cover, or can be packaged in conjunction with Life Insurance (Death cover), or Total and Permanent Disability (TPD) Insurance.

Trauma insurance or Critical Illness Insurance, is without doubt one of the most crucial areas of your Life InsurancePortfolio.

If you want to compare trauma insurance go to the Trauma Insurance Comparison page or to submit an online quote request form, go to the trauma insurance request quotation page.

General List of Main Trauma / Diagnosis / Critical Illness Conditions

The most common conditions for which you can obtain trauma cover, diagnosis cover or critical illness cover are diagnosis of Heart Attack, Cancer, Stroke, Heart Valve Surgery, Open Heart Surgery, Major organ transplant, Blindness, Major head trauma, Coma, Motor Neuron Disease and Chronic Liver disease.

A General list is:

Heart Disorders
Heart Attack
Out of hospital cardiac arrest
Coronary Artery Disease Requiring by-pass surgery
Coronary Artery Angioplasty
Replacement of a Heart Valve
Surgery for Disease of the Aorta
Cardiomyopathy
Primary Pulmonary Hypertension
Open Heart Surgery

Nervous System Disorders
Stroke
Major Head Trauma
Motor Neuron Disease
Multiple Sclerosis
Muscular Dystrophy
Paraplegia
Hemiplegia
Diplegia
Tetraplegia
Dementia and Alzheimer’s Disease
Coma
Encephalitis
Parkinson’s Disease

Blood Disorders
Occupationally acquired HIV
Medically Acquired HIV
Aplastic Anaemia

Body Organ Disorders
Cancer
Blindness
Chronic Kidney Failure
Major Organ Transplant
Severe Burns
Loss of Speech
Loss of Hearing
Chronic Liver Disease
Chronic Lung Disease
Severe Rheumatoid Arthritis

Other Events
Loss of limbs or sight
Loss of Independent Existence
Critical Care
Serious Injury

Additional Events that can be covered 
Diabetes complication
Carcinoma in situ of the Cervix Uteri
Carcinoma in situ of the Vulva or Perineum of limited extent
Carcinoma in situ of the Vagina
Chronic Lymphocytic Leukemia
Hydatidiform Mole
Melanoma
Partial Blindness
Partial Loss of Hearing
Severe Osteoporosis

Disclaimer
This is a generalized list of conditions covered within a Trauma Policy / Diagnosis Policy / Critical Illness Policy. All insurance companies have variations of the above list.

To submit an online quote request form for Trauma Insurance, Diagnosis Insurance or Critical Illness Insurance, go to thetrauma insurance request quotation page.

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