What is Trauma Insurance?

Trauma insurance is a lump sum payment made to you on diagnosis or occurrence of a medical trauma which impacts your life and lifestyle. Each insurance company keeps their own list, which may be up to fifty serious illnesses, including heart attack, cancer or stroke. Trauma insurance gives you money when you need it most. It is designed to assist you to:

  • Pay for lifestyle changes and rehabilitation
  • Take the necessary time off work for yourself and/or your partner
  • Reduce or eliminate mortgage and other significant debt
  • Pay for medical and treatment costs
  • Meet ongoing household expenses

How much is enough?

How much trauma insurance you need is largely dependent on your personal situation. Many people choose an amount that will assist in significant debt reduction, cover major medical expenses and allow them to continue to meet their household financial commitments.

What does it cost?

The cost of Trauma Insurance will vary depending on multiple factors such as your age, gender and exactly how much cover you require. It is the most expensive product, however, it is the one that is relied upon and claimed the most of all insurances. When purchasing Trauma Insurance, it is advised to take out an optional benefit known as Reinstatement. This allows the policy holder with the ability to repurchase 100% of their trauma insurance, 12 months after a claim benefit has been paid.


Trauma Insurance is not a replacement for Income Protection Insurance or private health insurance. It is designed to assist you to pay off debts and cover the costs of rehabilitation. It will cover necessary modifications to your home, pay for specialists and cover the cost of your mortgage or rental payments.

If you would like to discuss the level of Trauma Insurance that is right for you, please contact us for a complimentary consultation.