Trauma insurance provides a lump sum payment to the policyholder for specified illnesses or injury listed under the policy (E.g. heart attack, stroke, cancer etc). The range of medical conditions covered under trauma insurance will vary from policy to policy. It is important to refer to the product disclosure statement (PDS) to find out exactly what is covered before applying.
Life Cover Buy-Back Option:
Policyholder is able to repurchase the Death cover amount after a trauma claim has been paid without having to provide any additional medical information.