Suncorp Trauma Insurance

Receive comprehensive cover for serious medical conditions with Suncorp Trauma Cover

Suncorp Trauma Insurance is designed to provide a lump sum benefit if you suffer one of the medical events as specified in your policy including cancer, heart attack or stroke.

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The payout from this cover can be used to ease the financial strain whilst you focus on your recovery. With Suncorp trauma insurance cover, there is one less thing to worry about, at a time that will already be difficult enough.

This review will outline the key benefits of the Suncorp Trauma Insurance policy and what conditions are covered.

What does the policy cover?

If you are looking for peace of mind and financial protection for the future, you will find that the Suncorp Trauma Insurance plan offers a range of valuable benefits. This is a cost effective way to protect your financial future against the damage that can stem from a debilitating injury or illness, with coverage for a range of medical conditions.

Some of the built-in benefits and options that you will get with the Suncorp Trauma Insurance plan include (but are not limited to):

  • Trauma Benefit: The amount of cover insured will be payable if the policyholder suffers from one of the medical events specified on Suncorp trauma insurance policy.
  • Partial Trauma Benefit: A percentage of the trauma cover amount insured will be payable if the policyholder has been diagnosed with a partial trauma as defined in the policy.
  • Limited Death Benefit: If you die, a benefit of up to $20,000 will be payable, given that the trauma or partial trauma benefit is not payable.
  • Financial Planning Benefit: Any financial advice that was sought will be reimbursed by Suncorp of up to $2,500 following the payment of trauma benefit.
  • Premium and Cover Suspension Benefit: If you experience financial hardship, or are on sabbatical, maternity, paternity or on long term leave from work, you have the option to defer your premiums and cover for up to 12 months.
  • Premium freeze option: You can set the amount of your future premiums by freezing it, so it will continue at a specific amount.
  • Continuation of cover: If you have a stand alone trauma cover and the benefit has not become payable by expiration date, you have the option to convert it into a policy with stand alone TPD cover.

There are also other optional benefits that you can add onto your trauma cover for additional costs:

  • Business Security Option: You can increase the amount of your trauma cover when a specified business event has occurred without having provide further medical evidence.
  • Child Cover: You can include coverage for your child onto your trauma policy and benefit will be payable if your child dies, becomes terminally ill, or suffers from one of the specified medical event on the policy.
  • Waiver of Premium Option: If you are profoundly disabled and unable to work for 6 consecutive months or more, Suncorp will waive the premiums payable for your cover.
  • Trauma Booster Option: If you suffer from one of the five specified trauma events, your partial trauma benefit payment will be doubled and the trauma benefit payment will be increased by an additional 25%. The five trauma events include:
    Blindness
  • Motor neurone disease
  • Muscular dystrophy
  • Paralysis
  • Severe burns
  • Trauma Reinstatement Option: You have the option purchase a new trauma policy, without providing further medical evidence, 12 months after a trauma benefit has been paid for the same policy.

The descriptions for built-in benefits and features listed above should only be viewed as broad summaries. For a complete list of benefits and features, please refer to the policy’s Product Disclosure Statement (PDS). 

Key features available across all Suncorp Trauma Insurance Plans

Being insured with protective policies by Suncorp, you can rest assured that your trauma cover and/or other policies will have the following key features:

  • 24/7 worldwide protection cover: With trauma insurance from Suncorp, you will be covered 24 hours, 7 days a week, no matter where you are in the world.
  • Guaranteed upgrades on policies: If there are any upgrades on the benefits and features of your trauma policy, you will be eligible for these upgrades given that they do not result in an increase to your premiums.
  • Guaranteed future insurability: There are certain life events which may prompt the need to increase your cover for greater protection. With Suncorp trauma plan, you will be able to increase your coverage amount without no further medical evidence required if you experience a specific life event (such as marriage, birth of a child, or an increase in your salary).
  • Indexation: The insured amount of your trauma cover will be increased annually according to the Consumer Price Index to keep it in line with inflation.
  • Grief counselling service: Suncorp will pay for up to 4 hours or 6 hours for combined counselling session if you and/or your family members require an immediate grief counselling following the event of a claim.

What are some of the trauma events that are covered?

  • Aplastic anaemia
  • Benign tumour of the brain
  • Benign tumour of the spine
  • Blindness
  • Cancer
  • Cardiomyopathy
  • Chronic kidney failure
  • Chronic liver failure
  • Coma
  • Coronary artery surgery
  • Deafness
  • Dementia
  • Heart attack
  • Open heart surgery
  • HIV-medically or occupationally acquired
  • Loss of limbs
  • Loss of speech
  • Major head trauma
  • Major organ transplant
  • Multiple sclerosis
  • Paralysis
  • Parkinson’s disease
  • Severe burns
  • Stroke

Who is eligible for cover?

If you are thinking of purchasing Suncorp trauma insurance, you will be eligible to apply if you are:

  • Between 18 to 65 years old for stepped premium structure, or to 60 for level premium structure;
  • An Australian citizen or a permanent resident of Australia.

It is essential to consult with one of our experienced insurance advisers if you are looking to find more information on the amount of coverage you may need. Taking into consideration your needs, financial situation and medical history, they will be able to provide you with a tailored advice on the trauma policy that is most suited to you and your budget.

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