Trauma Insurance and Superannuation

Is Trauma Insurance available through superannuation?

  • Trauma Insurance is no longer available through superannuation following new legislation that became effective on July 1 of 2014. If you bought your policy before this date, read here.

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.

Receive quotes for trauma insurance funded outside of Super

Please enter your full name
Please enter a valid email address
It's important to give us a valid phone number
Gender
Smoker
Date of Birth
Coverage is the amount of money that you will be paid in the event of a claim. An insurance consultant can help you determine an appropriate amount. Calculator
Provides a lump sum payment if you become totally and permanently disabled and are unable to return to work.
Provides a lump sum payment if you suffer a serious medical condition. Cover can be taken out for 40-60 medical conditions depending on the policy you choose.
By submitting this form, you agree to the finder.com.au privacy policy
Get quotes

Compare trauma insurance from direct brands

Product details Maximum cover Maximum Entry Age Cooling-off
(days)
NobleOak Trauma Insurance
NobleOak Trauma Insurance
Get trauma insurance cover for 38 medical conditions including heart attack, stroke and coronary bypass surgery. $2,000,000 59 30 Get quoteMore info

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.

Compare quotes for trauma insurance

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.

Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question