Trauma cover is also referred to as 'critical illness' cover or 'recovery' insurance.
A serious illness can make it difficult or impossible for you to continue to work. If this happens, you will need to find a way to support yourself and your family. Trauma cover can provide a financial safety net for such events.
Trauma insurance provides cover if you are diagnosed with a specified illness or injury. These policies include the major illnesses or injuries that will make a significant impact on a person's life.
Trauma insurance pays a set amount. This can be used for things like:
Any private medical costs above your health insurance
An income stream if you stop working, but find out about income protectionfirst
The ongoing cost of any therapy and special transport costs
Adjustments to housing and lifestyle changes