Serious Illness and Trauma Cover
What is Trauma Insurance?It’s unfortunately common to face a trauma such as a serious illness or injury at least once in your life. Trauma insurance is designed to pay you a lump sum of money to manage the financial impact if you or one of your children were to face one of these events.
Why do I need it?
We often experience financial hardship as a result of a serious illness or injury to ourselves or a family member. Having trauma insurance can provide much-needed financial support to cover whatever you need, like taking care of medical treatment and rehabilitation costs, or simply allowing you financial breathing space to enable you or your family members to recover and be together, instead of at work.
Key benefits of trauma insurance
- Covers you for over 50-70 defined medical conditions
- Offers protection if you suffer a major medical condition that isn’t listed in the policy wording, but meets our definition of a 'severe illness or injury'
- Includes some built-in trauma insurance for your children, and is available standalone for children from 2 years old, to support your family should your child face a serious illness or injury
- At claim time we’ll take into account the latest recognised medical diagnostic techniques used to assess your covered medical conditions
Trauma Insurance OverviewNew Zealanders are increasingly surviving illnesses that previously have been terminal, so we have two trauma insurance options ensuring you have access to relevant cover.
Two types of Trauma/serious illness covers:
The Traditional option of serious illness covers is where you receive a one-off payment, and then your cover ends unless you have selected the option to reinstate at the time you take out your policy. Then you have another option that pays out based on the severity of the illness or as the illness progresses, these options usually cover a wider range of conditions and the payment amount is linked to the severity of the diagnosis, allowing you to make multiple claims. Depending on your situation it can be powerful to have both types of trauma insurance to make sure you’re supported when and where it’s needed most.