|Trauma Insurance (often referred to as Critical Illness Insurance) provides financial relief to you and your loved ones in the event you are diagnosed with one of a predefined list of critical illnesses.
Trauma Insurance policies vary drastically in what they cover with the number of conditions being covered ranging from as little as 10 to as many as 60.
The leading causes of Trauma Insurance claims in 2013 were Cancer, Heart Disease and Neurlogical Diseases (Stroke, Multiple Sclerosis, Parkinson’s Disease etc). These claims saw more than 4,500 Australians receive over $620 million in payouts. Whilst the financial, physical and emotional damage that these illnesses create differs from case to case, the financial relief that Trauma Insurance provides is almost always tremendous.
(Industry Stats 2013, The Risk Store)