The Major Causes Of Trauma Insurance Claims

Trauma insurance pays a one off cash sum if you are diagnosed with one of approximately 30 specified illnesses or injury. Major trauma insurance claims are for conditions resulting from cardiovascular disease (CVD), such as heart attack and stroke, and various forms of cancer.

It is important to understand that Trauma Insurance only pays out on a limited number of specified illnesses. There are thousands of illnesses and injuries that it does not cover, namely back injuries and mental illness.

Statistics regarding trauma insurance

According to the Australian Institute of Health and Welfare an estimated 3.5 million Australians or approximately 18% of the population had cardiovascular disease, conditions in 2004 - 05, the risk of someone experiencing trauma from a CVD related illness is fairly high.

The AIHW projections have shown that the rates for new cases of cancer between 2002 and 2011 will be around 33% of men and 25% of women prior to the age of 75.

Trauma Insurance difference

The difference between trauma cover and life insurance or income protection is that you do not have to die or be declared terminally ill, and your earnings don't need to have ceased as a result of the trauma. By simply falling in the category of a traumatic event as defined in the insurance policy entitles you to claim on your policy.

Please give us a call on 1300 793 143 or fill out the form on this page to receive a free quote for all your trauma insurance requirements.

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Published on March 3-th, 2010 in Trauma Cover
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.

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