Trauma & Critical Illness Insurance

This benefit provides a tax free lump sum should you be diagnosed with an illness or injury as described in the Insurance Companies Product Disclosure document (PDS).

The benefit pays a tax free lump sum on diagnosis irrespective of whether you are able or unable to continue your occupation. Some illnesses covered include:

  • Cancer
  • Heart Attack
  • Stroke
  • and many others

You must refer to the PDS for all illness and injuries covered and for the relevant definitions and benefits.

The proceeds will enable you to fund:

  1. Appropriate medical attention and associated expenses
  2. The repayment of your mortgage and other liabilities
  3. Provide a reserve in the event of long term illness
  4. A shortfall in income, as income protection is based on a percentage of income

The premiums are not tax deductible as the benefits are tax free.