Trauma or Critical Illness Insurance is designed to pay out as a lump sum and/or amonthly benefit if you suffer a critical condition or trauma like:
This lump sum is ideal to pay for immediate expenses, relieve financial stress, make modifications to your home or anything you like.
A sum insured of at least 2 - 3 times your your annual salary is recommended.
Contact us and we will work through the details with you and calculate the sum you should be covered for.
While for most people the death of the main income earner would cause serious financial strain for those left behind, the financial impact would be just as serious if that person were to become totally disabled and unable to work for the rest of their life. In some cases the hardship experienced would be even more profound as the ongoing daily living and medical costs for the disabled person could be significant.
Please note that not all disablement is caused by an accident and in these cases you wouldn't be covered by ACC.
Contact us and we will work through the details with you and calculate the sum you should be covered for.
Stand Alone - Any claim payment made under a stand alone benefit will into affect the life cover benefit
Accelerated - Any claim payment made under an accelerated benefit will instantly reduce the life cover benefit payable for that life assured by the amount of accelerated benefit that was paid. Accelerated means that the Trauma or Total & Pemanent Disability Benefit is linked to a Life Cover Benefit with that particular insurer.
Life Cover Buy Back - Allows the original Life Cover benefit to be reinstated without the need to provide further medical evidence following an accelerated benefit claim. *Conditions apply
Trauma Cover Buy Back - If a claim is paid under a Trauma Cover benefit amount, then you have the option to re-purchase up to 100% of the benefit amount paid. *Conditions apply
Total & Permanent Disability Cover Buy Back - If a claim is paid under a Total & Pemanent Disability Cover benefit amount, then you have the option to re-purchase up to 100% of the benefit amount paid. *Conditions apply
Total & Permanent Disability – Any Occupation Definition
Disablement by illness or injury to the extent that the life assured is completely unable to work in the occupation they were employed in just prior to becoming disabled and is unlikely to ever be able to work in that occupation or any other occupation that they are reasonably suited to by way of education, training or experience. The benefit will be payable, after the life assured has been totally and permanently disabled for more than six uninterrupted months and the insurer has accepted the claim. The total and permanent disability coverage expires at age 65.
Total & Permanent Disability – Own Occupation Definition
Disablement by illness or injury to the extent that the life assured is completely unable to work in the occupation they were employed in just prior to becoming disabled and is unlikely to ever be able to work in that occupation or any other occupation that is, in the insurers opinion, the same as their pre-disability work. The benefit will be payable, after the life assured has been totally and permanently disabled for more than six uninterrupted months and the insurer has accepted the claim. The total & permanent disability coverage expires at age 65.