Budget Direct Trauma Cover Plus

Compare Budget Direct Trauma & Trauma Plus Policies

If you needed time off from work or managing your home to recover from a serious illness or injury, how would you provide for yourself and your loved ones? Could you afford to take time off from work or could your spouse afford to take time off from work to help you recuperate?

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With these situations in mind, Budget Direct offers Trauma and Trauma Plus Cover as additional options to your Budget Direct Life Cover policy. If you suffer a serious illness or injury, particularly certain types of cancer, coronary artery bypass surgery, heart attack or stroke, these policies will pay out a lump sum benefit to help you cope with the financial strain.

Trauma and Trauma Plus Cover offer different levels of cover to suit your individual needs, with benefit amounts ranging from $25,000 to $500,000 (depending on age).

What is Budget Direct Trauma & Trauma Plus Cover?

Budget Direct Trauma and Trauma Plus Cover are additional options you can add to your Budget Direct Life Cover policy. Should you suffer one of a specified list of serious illness or injuries, your policy will pay out a lump sum benefit to help you and your family cope financially.

Whilst Budget Direct Trauma Cover offers a benefit payment should you suffer specific types of cancer, coronary artery bypass surgery, heart attack or stroke, TraumaPlus Cover includes protection for these conditions as well as:

  • Angioplasty (Triple Vessel)
  • Benign Brain Tumour
  • Cardiomyopathy
  • Chronic Kidney Failure
  • Chronic Liver Failure
  • Chronic Lung Failure
  • Heart Valve Surgery
  • Intensive Care
  • Loss of Hearing
  • Loss of Sight
  • Loss of Speech
  • Major Head Trauma
  • Major Organ Transplant
  • Severe Burns

You can choose the cover option that best suits your insurance needs and your budget. Benefit amounts range from $25,000 to $500,000 (depending on your age) and can help alleviate your worry in the instance of a serious medical issue.

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Difference Between the Benefits in Budget Direct Trauma and Budget Direct Trauma Plus Cover

CoverBudget Direct Trauma InsuranceBudget Direct Trauma Plus Cover
Coronary artery bypass surgeryYesYes
Heart attackYesYes
Angioplasty (triple vessel)NoYes
Benign brain tumourNoYes
Chronic lung failure, chronic kidney failure or chronic liver failureNoYes
Heart valve surgeryNoYes
Intensive careNoYes
Loss of hearing / loss of sight / loss of speechNoYes
Major head traumaNoYes
Major organ transplantNoYes
Severe burnsNoYes
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Who can Benefit from Budget Direct Trauma and Budget Direct Trauma Plus Cover?

In order to be eligible for Budget Direct Trauma or Trauma Plus Cover, you must be an Australian resident and aged between 18 and 59-years-old (next birthday).

Premiums for Budget Direct Trauma Cover and Trauma Plus Cover are calculated at each policy anniversary. The cost of your premiums is based on which cover you apply for, your age, the benefit amount provided as well as various medical conditions and lifestyle factors, including occupation and pastimes.

Budget Direct Trauma and Trauma Plus Cover offer a benefit between $25,000 and $500,000 depending on age and the amount of Life Cover selected; specifically, the maximum Trauma or Trauma Plus Cover benefit amount is the lower of 50% of the Life Cover Amount and the maximum benefit amount eligible for your age.

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Budget Direct Trauma and Budget Direct Trauma Plus Cover Exclusions — When Will a Benefit be Paid?

A lump sum benefit is paid should you suffer one of the serious illnesses or injuries covered by Budget Direct Trauma or Trauma Plus Cover.

However, there are certain exclusions in which the Trauma Cover or Trauma Plus Cover benefit amount may not be paid, such as if the condition on which the claim was based was the result of an intentional act by you, or if your illness or injury first becomes apparent during the 90-day qualifying period.

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How do I Make a Claim?

The claims process under your trauma insurance policy from Budget Direct is designed to be as quick and easy as possible. There are multiple ways you can make a claim with the company:

  • Phone — 1800 700 349
  • Email — life.claims@budgetdirect.com.au
  • Mail — Budget Direct Life Insurance, PO Box 342, Toowong QLD 4066.

Once you’ve contacted the company, you will be sent a claims booklet, which you need to fill out completely, sign and return. It may also be necessary for you to get your medical practitioner to fill out a form, which will need to be mailed to Budget Direct. In some circumstances, you may be asked to provide other information relevant to your claim, such as test, examination or laboratory results.

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Compare Budget Direct Trauma & Trauma Plus Cover Online

Both of these additional options from Budget Direct can help provide peace of mind should the unexpected occur.  Of course, as with any type of insurance, it’s vital that you do lots of research, shop around and compare a range of options to make sure that you end up with the right type and level of cover.

The Budget Direct $100 VISA Prepaid Card offer commences on September 11, 2014 and can be withdrawn at any time. Policy must be held and all premiums paid for 90 calendar days. Terms and Conditions and eligibility criteria can be found here. This insurance is arranged by Auto & General Services Pty Ltd (ACN 003 617 909, AFS Licence No 241411) of Level 13 Toowong Tower 9 Sherwood Road, Toowong, QLD, 4066, Australia trading as Budget Direct (Budget Direct) on behalf of the issuer, Hannover Life Re of Australasia Ltd (ABN 37 062 395 484). Because we don't know your financial needs, we can't advise if this insurance will suit you. You should consider your needs, and read the PDS and FSG before making a decision to buy insurance. Subject to underwriting and terms and conditions.

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William Eve

Will is a personal finance writer for finder.com.au specialising in content on insurance. While he cannot give personal advice to clients, Will enjoys explaining the intricacies of different types of protective cover to help individuals and businesses find affordable cover that won't leave them underinsured.

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