Trauma Insurance
What is trauma insurance?
If you are diagnosed with or develop a covered Trauma/ Critical Illness condition, Trauma Cover will pay you a flat payment. Depending on the severity of the disease, the benefit may pay a portion or the whole cover amount.
Why Should I consider Trauma insurance?
If you or one of your children were to experience one of these situations, trauma insurance is intended to provide you with a one-time lump sum payment to help you handle the financial consequences. If the worst were to happen, some insurers offer two or three Trauma Cover solutions to make sure you have access to the much-needed financial support you need to take care of whatever you require, like paying for medical treatments or any rehabilitation expenditures.
If you are given a critical disease diagnosis or develop one, your manner of life and how you go about your daily business are likely to change. The lump sum payment is intended to help you with any expenditures related to any necessary adjustments in your lifestyle brought on by your illness or to compensate for any unforeseen expenses you may incur while receiving treatment or recovering from it. These could be additional expenses you have to pay for outside of your therapy. Your insurance pay-out can be used to cover extra expenses like hiring a caregiver, traveling to the doctor, or making any necessary adjustments to your house or vehicle, depending on your needs.
Insurance for Trauma (critical illnesses) that suits your needs
For claims resulting from one of more than 48 specified serious illnesses, the benefit will pay a lump amount. These illnesses include dementia, paralysis, cancer, strokes, heart attacks and more.
- Some Insurers’ Trauma Cover will enable you to submit numerous claims according to the seriousness of your illness or injury.
- provides protection if you develop a serious medical condition that is not included in the policy wording but satisfies our definition of a “severe illness or injury” and covers over 48 recognised medical conditions.
- To assist your family if your child suffers from a serious sickness or injury, includes some built-in trauma insurance for your kids, and is accessible independently for kids T&Cs apply
Regarding the various Trauma cover solutions and the Free trauma cover for your children, please contact our Financial Advisors.
How much coverage do I need for Trauma (critical illness) ?
The amount of covered benefit depends entirely on your specific demands. With the help of our Financial Advisers, you can decide the size of an acceptable lump payment for your needs. Based on your precise demands, your age, your risk profile, and the needs of your dependents, they will be able to provide a thorough calculation.
Where can I find a quotation for Trauma insurance?
Contact a Strategy Financial Adviser for a detailed estimate, and they will put together a critical illness cover quote that might be the most appropriate for you. To make sure we can provide you with specialised coverage for your needs, a Strategy Financial Adviser will do a comprehensive financial needs study (free of charge) They will also be able to give more information about the advantages, explanations, warranties, costs, taxes, restrictions, fees, premiums, or other terms, as well as the risks that may be involved.
You can complete your contact details form, and we’ll give you a call back.
Disclaimer
This document’s material does not represent advice from Strategy. This document’s legal, technical, and product details are all subject to change at any time. A list of the features as of the time of release is provided in this document. The contractual terms and conditions will take precedence over this text in the event of a conflict.
Your needs and particular circumstances must be considered in any advice given by your adviser or broker.
