Zurich Trauma Insurance

Receive cover for up to 42 serious medical conditions with Zurich Trauma Insurance

Trauma Insurance provides vital protection to ensure that should you suffer a serious illness or injury, adequate financial support will be provided to ensure you and your family do not face any monetary pressure and are able to maintain your way of life. Zurich has emerged to become one of the leading life insurance companies in Australia with a diverse product range available both through an adviser or purchased direct. The Zurich Trauma Insurance plan gives policy owners comprehensive cover for up to 41 different medical conditions including heart attack, cancer or stroke.

This review will provide an overview of this policies key features and benefits for policy owners.

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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.
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Trauma insurance policies available from Zurich

But more than the reputation, the company offers flexible trauma insurance cover in their Zurich Trauma Protection Insurance policy: the Basic Trauma Cover and the Extended Trauma Cover.

Basic Trauma Cover

Under the Basic Trauma Cover, you are provided cover from 12 serious illnesses which includes heart attack, stroke, speech impairment, and cancer. In addition, there are certain built-in features, like the Funeral Benefit which could pay up to a maximum of $5,000. It also has a Paralysis Booster Benefit which pays double the amount of the Trauma Cover if you suffer from paralysing illness, such as paraplegia. Moreover, it has other optional benefits which could provide additional cover as you need would dictate.

Extended Trauma Cover

It has the all the features of the Basic Trauma Cover with additional built-in features. If the Basic Cover gives you coverage for 12 types of illnesses, the Extended Cover provides coverage for 42 types, such as chronic lung disease, major head trauma, and aorta repair. It also has a Double Trauma Option and Top-Up Option. Both the Basic and Extended Cover have up to $2 million in cover. It also has a Financial Planning Advice Benefit which pays $1,000 if you sought financial advice after you received the payment of a benefit.Other built-in features that you receive with Zurich Trauma Insurance are as follows:

  • Partial Trauma Benefit: Pays 10% of the Extended Cover benefit (if the sum insured is more than $100,000) if you suffer any of 11 specified partial trauma events.
  • Paralysis Booster Benefit: Pays double the benefit amount if the trauma event suffered is paralysis.
  • Funeral Benefit: A lump sum benefit of $5,000 will be paid on your death to help with funeral expenses if a trauma benefit is not payable.
  • Financial Planning Benefit: Reimbursement of up to $3,000 for engaging a financial planner after receiving a trauma payout.
  • Inflation Protection: The cost of goods and services are always increasing and if your benefit amount remains the same as it is today, when it is paid out in 10, 20 or 30 years time, it may not be as valuable. However, with the Inflation Protection benefit, your cover is automatically increased in line with the Consumer Price Index.
  • Future Insurability Benefit: Zurich also understands your growing needs, so the built-in Future Insurability Benefit allows you to increase your cover in the event of marriage, birth of a new child, an increase in salary without providing any additional medical proof.
  • Interim Cover: This cover is given for 90 days for accidental death or accidental injury while your application is being evaluated.
  • Top Up Option: If you have this option in your policy, it increases the partial trauma benefit you will receive by 25% of the sum insured or up to a maximum of $50,000.

Additionally you can choose to add any of these optional cover packs to your policy:

  • Accidental Death Option: A lump sum payment from $50,000 to $1 million if your death is caused accidentally.
  • Living Activities TPD Option: A lump sum payment if you cannot perform at least two daily living activities or you suffer cognitive impairment or a specified loss.
  • Insured Child Option: A lump sum payment of up to $500,000 if your child suffers a specified trauma event and up to $200,000 if they die or are diagnosed with a terminal illness.
  • Needle-Stick Cover Option: A lump sum payment of between $50,000 and $100,000 if you contract HIV or Hepatitis B or C in the course of your occupation as a medical professional.
  • Trauma Reinstatement Option: Allows you to reinstate your Extended Trauma Cover 12 months after claiming.
  • Double Trauma Option: If you have Death Cover with your Trauma Cover, this allows you to reinstate it 14 days after making an initial trauma claim with no future Death Cover premiums payable.
  • Business Cover Option: If your cover is for business insurance purposes, you can increase the sum insured every year in line with the value of the business or key person, without needing further evidence of good health.
  • Premium Waiver Option: Premiums will be waived for all benefits if you are totally disabled prior to age 70.
  • Top Up Option: If you have this option in your policy, it increases the partial trauma benefit you will receive by 25% of the sum insured or up to a maximum of $50,000.

If you want to learn more about what type of cover and options are right for you, you can ask a financial adviser to help you devise a strategy that would work with your budget and needs.

The Zurich Trauma Protection Cover provides you with a way how to prepare for the uncertainties of the future. It is better to go through life with sufficient cover than be exposed and regret your cynicism later.

Zurich Trauma Insurance Application

If the features of the Zurich Trauma Insurance policy sound like a good fit for your cover requirements, you can kick off your policy application by making an enquiry in the form located above. Once an insurance consultant has received your details, they will contact you to provide you with your preliminary quote and provide you with a product disclosure statement so you can review the policy in closer detail. If you are still satisfied with the policy, you can begin the application process and start gathering all of the necessary paperwork. An insurance consultant will help you through this process from start to finish.

Who is eligible for Zurich Trauma Insurance?

To apply for Zurich Trauma Insurance you must be:

  • An Australian resident
  • Over 18 years of age
  • Below 59 years of age

Any exclusions I should know about?

Circumstances in which a Zurich Trauma Insurance benefit will not be paid include:

  • If the insured person's condition does not meet the specific medical definition set out in the policy conditions.
  • If the insured person fails to survive for at least 14 days after the occurrence of an insured trauma event.
  • When the insured person turns 75 years of age, after which the only insured events are loss of independence and loss of limbs or sight.
  • If the trauma event is caused by an intentional self-inflicted act or attempted suicide.
  • If one of a list of specified trauma events occurs or is diagnosed within 90 days of applying for trauma cover or an increase in the benefit amount.
  • If a claim for minimally invasive cardiac surgery is made within 6 months of a prior claim for minimally invasive cardiac surgery.

Receive a preliminary trauma insurance quote from Zurich

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.

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