Trauma & Critical Illness Insurance
Financially protect yourself with EIG
What Is Trauma & Critical Illness Insurance?
Trauma and critical illness insurance provides a lump sum payment if you are diagnosed with a specified serious medical condition or suffer a critical illness, such as cancer, heart attack or stroke. At EIG, we can help you find the right trauma and critical illness insurance policy tailored to your needs.
Benefits of Trauma & Critical Illness Insurance
Provides a lump sum to ease financial strain during recovery from a critical illness or trauma.
Can help pay off loans or mortgages to reduce financial pressure.
Ensures your family’s lifestyle is maintained during challenging times.
Covers treatment, rehabilitation and home adjustments for recovery.
Getting you the best from Australia's top life insurers
Peace of mind
Customised, comprehensive solution tailored to you
Strong insurer relationships means a better deal for you
Expert claims management in your time of need
Premium support & Personalised service
Frequently asked questions
Trauma and critical illness insurance works by providing a lump-sum payment if you're diagnosed with a specified medical condition covered under your policy. Once the condition is confirmed by a medical professional, you can make a claim. The funds can be used for any purpose, such as covering medical expenses, paying off debts, or supporting your family during recovery.
Most trauma insurance policies cover conditions like cancer, heart attack, stroke, organ transplants, and major head injuries. Some policies may include additional conditions or allow you to add optional coverage for specific illnesses. It's important to review your policy to understand the exact conditions covered.
Yes, you can hold trauma insurance alongside other types of insurance, such as life insurance, total and permanent disability (TPD) insurance, and income protection insurance. Many providers offer bundled policies that include trauma cover, allowing for comprehensive protection tailored to your needs.
The amount of trauma insurance you need depends on factors like your financial obligations, family situation, and lifestyle. Consider the potential costs of treatment, recovery time, and any loss of income. Working with an insurance broker can help you determine the right coverage based on your specific circumstances.
