What is Trauma/Critical Illness Insurance?
A capital sum is paid to you on diagnosis and survival (without life support) after 14 days from any of the nominated conditions in the Trauma/Critical Illness Insurance policy document. Most claims occur from cancer, stroke or heart attack.
Most Trauma/Critical Illness policies cover the following conditions:
Benign brain tumour, blindness, severe burns, cancer, cardiac arrest, cardiomyopathy, chronic renal kidney failure, chronic liver failure, chronic lung failure, coma, coronary artery angioplasty triple vessel, coronary artery bypass surgery, Creutzfeldt-Jakob disease, encephalitis, heart attack, myocardial infarction, heart surgery, heart valve replacement, Hepatitis B or C medically acquired, HIV medically acquired, HIV occupationally acquired, intensive care, loss of hearing, loss of independent existence, loss of speech, loss of limb and sight, major head trauma, major organ transplant, meningitis, motor neurone disease, multiple sclerosis, muscular dystrophy, paralysis including paraplegia, diplegia, hemiplegia, quadriplegia, and tetraplegia, Parkinson’s disease, peripheral neuropathy, pneumonectomy, pulmonary hypertension and stroke.
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Policy conditions
Most insurance companies offer trauma insurance, however, some companies offer more benefits than others. Some companies have conditions on benefit payments by way of time delays, medical requirements and Drug and Alcohol exclusions. Note that this type of cover is not a low cost option, therefore it is important to ensure that you have the maximum protection available from the insurance company offering the best terms and conditions for your individual situation.
How much cover is appropriate?
Whilst we would prefer to undertake a full risk assessment tailored to your personal situation, from our claims experience it is suggested that your sum insured should be not less than a combination of your debt plus one year’s income.
Contact Us
For more information, contact us on 09 521 1685 or 09 407 8125.
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