Trauma Insurance or Critical Illness insurance pays you out a lump sum in the case you become seriously ill or injured by a critical illness or injury that’s covered by the insurance policy. To be eligible to make a claim, you need to survive the illness or injury for a period of at least 14 days from the date of diagnosis or the injury occurring.
Most insurance companies specify or cover 40-60 illnesses or injuries within trauma insurance. Some of the most common illnesses or injuries that are covered are:
Why take Trauma Insurance?
In case you become critically ill or injured, trauma insurance is able to help you:
How much Trauma Insurance do I need?
When deciding on how much trauma insurance you can take, you need to strike the right balance between the financial situation you want your family to be in when you are recovering and the affordability of the premium.
We generally recommend you should have a trauma cover equivalent to at least 1-2 years of your salary.