CommInsure Trauma Protection package options

CommInsure Trauma Protection is a part of the Commonwealth Bank's Total Care Plan and life insurance suite of policies. You can obtain it either by having it included as a total Life Care package or as a stand alone insurance policy in its own right. The cover can therefore be purchased in the following ways:

• As a Trauma Cover insurance standalone policy
• Trauma Cover and Total and Permanent Disability Cover combined package
• Life Care and Trauma Cover combined package
• Life Care, Trauma Cover and Total and Permanent Disability Cover package combined

What conditions are covered?

Trauma protection benefits will be paid in a lump sum if your diagnosis meets your policy conditions and you survive your condition for at least 14 days. There are 48 specific medical conditions listed in your CommInsure Trauma Protection Cover Schedule along with ten more included in Trauma Cover Plus. The specific medical conditions are grouped into the following two types of conditions:

• Heart Disorders.
• Nervous System Disorders.

Trauma Plus will give you additional cover such as:

• Diabetes complications,
• Certain specific carcinomas and melanomas,
• Partial blindness,
• Partial loss of hearing and
• Severe Osteoporosis.

Other benefits to consider

Besides the normal pay out of a lump sum payment you may be eligible to successfully claim if there are also other benefits to be gained from your cover. These benefits include the following:

• A severe hardship booster benefit: This benefit pays a higher cover for certain medical conditions.
• A benefit for financial planning advice: An important aspect of helping both yourself and your dependants adjust to your changed circumstances with regards to your future financial needs.
• Accommodation benefit: A benefit that will cover the cost of a family member having to obtain accommodation to be near you while you are confined to bed and away from your usual home.
• Child cover option: This option pays a lump sum equal to any amount you have your child insured for, if you child should suffer or die from one of the specified number of Child Trauma Cover conditions.
• There are two guaranteed insurability options: One is for personal events that allows you to increase your life insurance (Life Care) without the need to give further medical evidence on certain occasions that are specified in the policy. The other is for business events that will allow you to increase your personal trauma cover to the same as that of your death cover without you having to supply any medical evidence when you increase your business loan. In other words as the value of your key person grows, the value of your financial interest in your business grows also, and this means your business increases in value to suit.
• Trauma cover buy back benefit: The buy-back benefit is a built-in feature in your Trauma insurance policy and/or Life Care offered by CommInsure. This feature allows you to get back the full cover of your Trauma or Life insurance cover after 12 months prior to receiving the benefits.
• Business safe cover option: The Business Safe Cover Option is much the same as the guaranteed insurability (business events) options so that when you apply for cover you will be assessed on three occasions as to the amount of cover you require. With this option you will be able to increase your trauma cover without having to undergo any more medical examinations.

There are other features that make CommInsure Trauma Protection a most worthwhile cover to have in your insurance armoury. There is such a benefit as a loyalty bonus benefit, a life care and trauma cover buy-back benefit, a CPI indexation benefit that allows you to keep pace with inflation, and an interim accident benefit among others. It is indeed a most comprehensive trauma protection cover that can be tailored to suit any situation.

Important exclusions

A CommInsure Trauma Cover benefit will not be paid if:

• Your trauma condition is caused directly or indirectly by attempted suicide or any intentional self-inflicted injury
• A qualifying period applies to the condition
• You die within 14 days of first being found to have the Trauma Cover condition.
• It is for any condition that first occurred, was first diagnosed or that you first became aware of before cover began
• It is for a condition that arises in connection with or as a complication of a condition for which a Trauma Cover claim has already been paid

Who is eligible for CommInsure Trauma Cover?

The entry age for CommInsure Trauma Cover varies depending on the premium structure you select:

• If your policy has stepped premiums, you’ll need to be between 17 and 62 years of age.
• If you select level premiums, the entry age range changes to between 17 and 54 years.
• Cover expires on the policy anniversary date before your 80^th birthday.

Obtain a quote for Comminsure Trauma Insurance Plan