Receive up to $200,000 in Child Cover with ClearView
As every parent also knows rules and warnings will only protect your child from a fraction of the dangers in the world, whether that’s because your children choose not to listen to your every warning, they are not in your care, or they are struck by an illness or trauma condition which no one could have prevented.
Child cover from ClearView is a life insurance product to make sure the littlest members of your family are protected too. Child cover pays a lump sum benefit if your child dies, have been diagnosed with a terminal illness, or suffering from one of the specified trauma conditions in the policy.
Key features of ClearView Child Cover
With ClearView, you are securing child cover, which includes:
- Insurance for more than one child: You can insure more than one child on a ClearView Child Cover policy; you simply need to choose the same benefit amount for each child.
- Cover until your child is 21 years old: You can take out child cover for your kids from the time they are two years old, until they are 18, and they can remain covered until they are 21.
- Up to $200,000 cover: You can choose a cover amount from $10,000 and up to $200,000 with Clear View to provide for your family if your child dies, is diagnosed with a terminal illness or is diagnosed with a specified trauma condition.
- Stepped premiums: The premiums of the Clear View child cover policy are structured as stepped premiums, which increase each year you hold the policy. Currently, the premium amount is not calculated on the age of the child and is the same across all ages.
- Child cover included as part of your insurance protection: If you are taking out life insurance, accidental death insurance, TPD insurance, accidental TPD or trauma cover for an adult with Clear View, you can apply for Child Cover at the same time in a combined policy.
- Payment and reduction of benefit: If any part of the benefit is paid to your child because of a partial trauma benefit, terminal illness or the funeral advancement benefit, the benefit amount is reduced by that amount which has already been paid.
- Waiting period: Some trauma conditions will not be covered in the first 90 days of your policy becoming active, or after you have increased the benefit amount.
Other benefits ofClearView Child Cover
Child Cover policy from Clear View includes a number of useful and valuable benefits such as:
- Funeral advancement benefit: In the event that your children pass away, ClearView will pay a benefit of up $25,000 in advance to cover any funeral or immediate expenses.
- Grief support benefit: ClearView will reimburse the cost of grief counselling of up to $1,000.
- Continuation of cover benefit: When the policy ends due to your passing or a benefit has been paid under your policy, the child cover policy can be continued under a new policy of a parent or guardian without needing to provide further medical evidence.
- Conversion of child cover benefit: When the child insured turn 21 years old, the existing child cover can be converted to life cover, with an option to link trauma and/or TPD cover and no further medical evidence is required.
- Indexation benefit: Your child cover benefit will be automatically increased each year to keep in line with inflation.
- Suspending cover benefit: If you are experiencing financial hardship, unemployed or taking extended leave from work, you can apply to put your cover and premiums, including those of your child(ren), on hold.
What trauma conditions are covered?
The following trauma conditions are only covered after the 90 day qualifying period:
- Coronary Artery By-Pass Surgery
- Coronary Artery Angioplasty
- Coronary Artery Angioplasty – Triple Vessel
- Heart Attack
- Out of Hospital Cardiac Arrest
The Clear View child cover policy also includes cover for the following trauma conditions:
- Heart condition
- Repair or Replacement of a Heart Valve
- Surgery of the Aorta
- Open Heart Surgery
- Primary Pulmonary Hypertension
- Nervous system condition
- Major Head Trauma
- Multiple Sclerosis
- Muscular Dystrophy
- Bacterial Meningitis and/or Meningococcal Septicaemia
- Body organ condition
- Benign Brain Tumour or Spinal Cord Tumour
- Chronic Kidney Failure
- Major Organ or Bone Marrow Transplant
- Severe Burns
- Loss of Speech
- Loss of Hearing
- Chronic Liver Disease
- Chronic Lung Disease
- Severe Rheumatoid Arthritis
- Blood condition
- Medically Acquired HIV
- Aplastic Anaemia
- Advanced Diabetes
- Other condition
- Intensive Care
- Loss of Limbs or Sight
- Loss of One Limb
- Loss of Independent Existence
- Cognitive Loss
You may also be able to receive a partial benefit for coronary artery angioplasty and loss of one limb, where you can be paid 25% of your benefit amount, from a minimum of $10,000 and up to a maximum of $50,000. Coronary artery angioplasty is also the only trauma condition for which you can claim more than once on your child cover policy.