Trauma Insurance

Secure your finances during a health crisis

Trauma Insurance

Trauma insurance is a form of personal insurance that is based on your illness, rather than your ability to return to work. Trauma generally provides a tax-free lump sum that is to support you and your family during a seriously medical illness. Trauma generally covers Cancers, Heart conditions, Neurological conditions and a lot more.

Give yourself peace of mind

Trauma insurance provides a lump sum payment if you are diagnosed with a serious illness, such as cancer, heart attack, stroke, or kidney failure to cover your medical expenses, lost income, and other expenses.

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Backup financial resources to ease your burdens

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Focus on your health and recovery

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Protect your family from financial hardship

Want a personalised insurance plan?

A consultation with K Partners insurance advisers can help you understand the different types of trauma insurance available and choose the policy that is right for you.

Why Choose Trauma Insurance From K Partners?

Our detailed knowledge of the insurance landscape puts us in the ideal position to review your current insurance coverage, recommend additional policies based on your needs, and help secure discounts on existing insurance premiums where possible

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Expert Knowledge On Trauma Insurance

Our insurance advisers have been working with Melbourne residents for decades. Each team member brings market leading expertise and experience to provide advice on the appropriate package suited to the specific needs of clients.

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A Respected Reputation In Melbourne

A Respected Reputation In Melbourne K Partners works to ensure the financial freedom of all of our clients and we apply our expertise to ensure the assets of our clients are protected. Our extensive experience, expertise and reputation is leveraged to ensure the most suitable insurance options are provided to each of our clients based on their situation.

General information regarding Trauma Insurance

  • Trauma insurance is typically purchased as a standalone policy, but it can also be purchased as a rider to a life insurance policy.
  • The cost of trauma insurance depends on your age, health, and the amount of cover you need.
  • Not all trauma insurance policies cover the same illnesses. Make sure to read the policy carefully to understand what is covered.
  • The amount of cover you need will depend on your individual circumstances. Consider your medical expenses, lost income, and other expenses that you may need to cover if you are diagnosed with a serious illness.
  • Some trauma insurance policies have a waiting period, which is the time period that must elapse before you can make a claim. Make sure to choose a policy with a short waiting period.

Disclaimer

All above information is not based on your personal goal, objectives or circumstances. The information is only provided as an indicative tool and have pre-set general parameters that may not be suitable for you. You should seek personal financial advice before acquiring any insurance products to ensure it is appropriate for your needs. The K Partners financial planning team provides personalised insurance advice.

1. Trauma insurance vs life insurance – is there a difference?

Trauma insurance is different from life insurance. Trauma insurance pays you a lump sum payment if you’re seriously ill or injured to help you potentially recover and return to work. Life insurance, conversely, is a policy that pays a lump sum to a designated beneficiary, e.g., your family, in the event of your death.

2. What is considered a trauma accident?

A trauma accident is generally considered one that results in a serious injury, such as head trauma, a lost limb, loss of sight or hearing, severe burns, etc. Additionally, you can claim trauma insurance for an illness, such as cancer, heart conditions, and neurological conditions like dementia.

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