Benefits of Trauma Insurance

A trauma insurance policy pays a lump sum if you suffer from a medically diagnosed traumatic event as defined in an insurer's product disclosure statement (PDS). The funds from a trauma insurance benefit payment can be spent as you see fit, such as paying for costly medical bills.

The below is not a definitive list, however it may give you an idea into what kind of medical conditions and diseases insurers will cover in regards to trauma insurance. Since each insurer defines each condition differently, it is important to read the definitions in your PDS before making a final decision.

Typical trauma events covered in standard policies

Trauma insurance policies generally cover the following:

Alzheimers
Aplastic anaemia
Benign brain tumour
Burns - severe/major
Cardiomyopathy
Certain Cancer's
Coma
Coronary artery angioplasty
Coronary bypass surgery
Deafness
Dementia
Encephalitis
Heart attack
Heart surgery
Hemiplegia
Chronic kidney failure
Aortic surgery
Limb paralysis
Liver disease - chronic
Loss of independent existence

Loss of limbs
Loss of sight
Loss of speech
Lung disease - chronic
Major head trauma
Major organ transplant
Meningitis
Motor neurone disease
Multiple sclerosis
Occupationally or medically acquired HIV
Out of hospital cardiac arrest
Paraplegia/Quadriplegia/Diplegia
Parkinson's
Peripheral neuropathy
Pulmonary hypertension
Severe burns
Severe diabetes
Stroke
Terminal illness

Additional coverage (also known as 'Plus Options')

For an extra cost, you can choose to have your trauma insurance policy cover additional medical events. Be sure to read the trauma insurance definition of each medical condition carefully. The following are examples of additional cover that you can pay for.

Adult insulin dependent mellitus
Burns of limited extent
Carcinoma in situ
Chronic lymphocytic leukemia
Hydrocephalus
Melanoma
Partial blindness
Partial deafness
Severe endometriosis
Systemic lupus erythematosus (SLE)with lupus nephritis

Qualifying period for trauma insurance benefits

There are some medical conditions where your trauma cover must be in force for a minimum number of days before a claim can be made and a benefit paid out. The typical number is 90 days, however be sure to check your PDS. Such medical conditions may include:

Angioplasty
Cancer
Open heart surgery
Coronary artery bypass surgery
Heart attack
Heart valve surgery
Severe diabetes
Severe osteoporosis
Severe rheumatoid arthritis
Stroke
Systemic sclerosis
Triple vessel angioplasty
Adult insulin dependent diabetes mellitus
Carcinoma in situ
Chronic lymphocytic leukemia
Hydrocephalus
Melanoma
Partial blindness
Partial deafness
Severe endometriosis
Systemic lupus erythematosus (SLE)with lupus nephritis

Please note that you need to refer to a product disclosure statement (PDS) for exact details of what you may be covered for. Contact xLife to get your free trauma insurance quotes.

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April 2010