Learn About What is Critical Illness or Trauma Insurance

What is Critical Illness or Trauma Insurance

Trauma or Critical Illness

Critical Illness insurance pays a set amount if you are diagnosed with a condition named in the product terms, such as cancer, heart attack or stroke.

While health insurance or Medicare will cover the medical aspects of your illness, when trauma events occur it will often impact not just your ability to work but that of your partner as they support you through your rehabilitation. This can lead to stress on your financial health!

Critical Illness is generally used to cover expenses such as:

• Medical costs that are not covered by your health insurance
• Rehabilitation or therapy costs
• Adjustments to housing or transport
• Repaying debts.

If you hold income protection cover or salary continuance through your work or Super fund, these should be taken into consideration in assessing your Critical Illness cover needs.

Read our complete guide to trauma insurance in Australia for a deeper look at what's covered, how claims work, and how to compare policies.