Is Trauma Insurance available through superannuation?
What other options do I have inside super?
Other forms of insurance such as Life Cover, Any Occupation TPD and Income Protection are still available through superannuation.
Can I get trauma insurance by itself?
If you would like to discuss your current cover or look for Trauma Insurance funded outside of superannuation, you can make a secure application with an insurance consultant in the form below. Trauma insurance can usually be purchased as a standalone policy or bundled with life cover to offer additional protection.
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How was Trauma insurance in superannuation treated before July 1 2014
What if I joined my superannuation fund before July 1 2014?
You may be exempt from the changes and still entitled to trauma cover through your super fund. If you have rolled over your cover or your fund has been updated, you may lose the exemption. Check with your existing insurer if you're unsure.
Should I consider taking Trauma Insurance outside of superannuation?
To get the most out of your cover, you may want to consider trauma insurance outside a superannuation environment. If you still have a trauma plan held within superannuation, it may more affordable. However, having cover outside super allows you to access your trauma benefit much more easily and in a prompt manner.
With a lot less stringent rules and regulation to its superannuation counterpart, you will receive your benefit immediately upon a diagnosis of a medical condition that is covered in your trauma policy and cover your immediate financial obligations. On top of that, the lump sum benefit you receive with trauma cover will also be tax free.