Get A Quote For One Of The Best Trauma Insurance Products

Aspect offers top-tier Trauma Insurance products designed to provide comprehensive coverage for critical illnesses. With our easy-to-use platform, you can quickly obtain a custom quote that suits your requirements. Our Trauma Insurance covers a range of specified critical illnesses, offering financial support during challenging times. Ensure your family’s well-being by securing one of the best Trauma Insurance products available in the market through Aspect’s streamlined quote process.

From a quote to fully covered in under 10 minutes.

Customise to your needs & get a cover of up to $500,000.

Save by bundling other Accident & Health Insurance products.

What Is Trauma Insurance?

Trauma Insurance, also known as Critical Illness Insurance, is an insurance policy that offers a lump-sum payment if you suffer any of the defined critical medical conditions. We cover 11 critical illnesses, including heart attack, coronary bypass, cancer & stroke.

A critical illness can put you and your family under both financial and emotional stress. Injuries and illnesses cannot be predicted and can come as quite a shock. Aspect’s Trauma Insurance can help in times like these by providing you with a lump sum payment upon diagnosis to help pay for medical expenses and other immediate bills.

This policy gives you the freedom to spend the benefit as you wish. You may choose to use it to cover your medical expenses or may choose to go on a holiday to help with your recuperation. The idea is that it assists you to recover from a major health incident without worrying about the finances.

How Much Does Trauma/Critical Illness Insurance Cost?

The cost of Aspect’s Critical Illness insurance cover depends on your circumstances and the sum you want to insure. Based on your circumstances, you can use our free online Trauma Insurance quote generator in under 10 minutes to find out how much it will cost you.

What Are The Benefits of Trauma Insurance?

Cover medical bills and rehab costs.

Replace lost income, cover expenses.

Safeguard against future debts.

Enjoy holidays, take time off.

Trauma Insurance Eligibility

To be eligible for Trauma Insurance, you typically need to be between 18 and 64 years old at the time of application. Permanent Australian residency is also a standard requirement. Specific eligibility criteria may vary depending on the insurance provider and policy terms. It’s essential to review the policy documentation to understand the complete eligibility requirements for Trauma Insurance coverage.

What’s Covered and What’s Not?

What is covered?

The most common Trauma Insurance claims are made for cancer, heart attack, coronary bypass, and strokes. However, Aspect’s Trauma Cover includes many other critical illnesses that can have significant financial implications if diagnosed. These are as follows:

  • Angioplasty
  • Aorta Surgery
  • Benign Brain Tumour
  • Cancer
  • Coronary Artery Bypass Surgery
  • Heart Surgery
  • Heart Valve Replacement or Repair
  • Kidney Failure
  • Major Organ Transplant
  • Multiple Sclerosis
  • Stroke

What is excluded?

An Aspect Trauma Policy offers comprehensive cover to our customers, but we also have standard terms & conditions. For example, we are unable to provide you with a benefit if the claim arises directly or indirectly from the following circumstances:

  • Taking part in boxing, caving, horse racing, martial arts, mountaineering, pot-holing, underwater diving, yacht racing or in a race, trial, practice, or timed motorsports.
  • Unreasonable actions and failure to follow medical advice.
  • Infection with Human immunodeficiency virus (HIV) or conditions due to Acquired Immune Deficiency Syndrome (AIDS).
  • The insured person is suffering from any Nervous, Mental or Psychiatric Disorders.

Read our Product Disclosure Statement for the full benefits, terms, conditions and exclusions applicable to the policy.

Waiting and Benefit Periods

What are the Benefits?

As a leader in the Australian Accident & Health insurance sector, Aspect’s trauma cover comes with many features that help us stand out from the rest. Here are some of the benefits of purchasing Trauma Cover with Aspect:

  • Payment on the diagnosis of illness without having to prove you can’t work, unlike TPD.
  • You can spend the amount at will. You are not bound to spend it on specific items.
  • The guaranteed renewable policy provided premiums are paid as due until the insured’s 65th
  • Ability to bundle it with Income Protection, TPD & Accidental Death cover to get a comprehensive insurance package.

Read our Product Disclosure Statement here for the full benefits, terms, conditions and exclusions applicable to the policy.

What Is the waiting period?

It’s standard for a waiting period to apply for Trauma Cover. With the Aspect Trauma Cover, there is a three-month waiting period for the following medical events, starting from the date this policy began and the date you selected this benefit:

  • Cancer
  • Stroke
  • Heart attack
  • Coronary Artery Bypass Surgery
  • Angioplasty

Nevertheless, this might not be applicable if you’ve transferred from another insurer after completing the 3-month waiting period because the policy only applies to the level of trauma coverage you had with the other insurer. Be sure to read all the provisions applicable to this cover.

Combining Add-ons for Comprehensive Protection

Aspect’s Accident & Health insurance products give you the option to get a customised quote that fits your needs. Our intelligent cover builder provides you with the flexibility to get a quote for a standalone Trauma insurance cover; combine it with any of the following products or get a quote for the complete package and purchase it to protect your family’s financial security during difficult times:

Income Protection Insurance

Income protection insurance is a product that replaces your income if you are temporarily unable to work due to illness or injury. Most policies will provide you with a fortnightly or monthly benefit payment of up to 75% (some up to 85%) of the income amount you’ve insured. This can also be customised to include an additional benefits bundle, by paying an additional premium, for benefits such as overseas assistance, child’s trauma and housekeeper benefits.

Accidental Death Insurance

Accidental Death Insurance (death by injury) is an easy and low-cost alternative to Life Insurance (death by any cause) or a good way to supplement an existing life benefit. Accidental death cover will pay your estate a benefit amount upon your death as a result of an accident/injury. It differs from life insurance as you will not be paid a benefit if an illness is the cause of your death. Accidental death cover is significantly cheaper than life insurance because it only covers injury. Generally, the sum insured would be $100,000 to $1,000,000, depending on your circumstances.

Total & Permanent Disability Insurance

Total and Permanent Disability insurance pays you a lump sum amount if you suffer from a severe illness or injury that restricts you from working permanently. Aspect TPD cover is available for a wide range of occupations. Whether you are a white blue-collar worker, we cover the majority of professions. Insure for up to $1,000,000 benefit TPD cover.

Need More Information?

If you are unsure or require more information, please don’t hesitate to
contact us or read our PDS

Our Claim Process

Check your policy & cover before making a claim.

Provide proof of claim.

We communicate to you once claim has been processed.

Provide notice to us as soon as reasonably practicable of any injury or illness.

Submit your claim form and supporting documents.

Get In Touch

Find out more about how Aspect Underwriting can assist you with your client’s Accident & Health policy needs and London market placements. if you have a specific inquiry please use our full contact form here.

    Frequently Asked Questions

    Health insurance covers medical and hospitalisation expenses. The insurer usually pays the medical facility directly, and there are often certain expenses not covered by your Health Insurer or Medicare (often referred to as 'Out of Pocket' expenses.

    On the other hand, Trauma or Critical Illness cover offers a lump sum benefit upon diagnosis of serious diseases such as cancer, multiple sclerosis, kidney failure, bypass surgery and hospitalisation or absence from your work is not required. The insured also can spend the benefit amount however they want.

    Life insurance pays a lump sum of cash if you either pass away or are diagnosed with a terminal illness.

    Whereas Trauma Insurance pays a lump sum of cash if you fall ill with one of the specified conditions. Learn more about how they cover you here.

    Critical Illness and Trauma Insurance both refer to the same insurance product. When you are diagnosed with an illness listed in the policy terms, you will be paid out a lump sum. In contrast, Income Protection Insurance pays you a certain portion of your income if you are unable to work. The benefits cease when you are fit to work again. Learn more about these products here.

    Applicants should consider their financial situation, age, and family circumstances when purchasing the cover. You'd need to consider any other types of accident & health insurance you may have, private health insurance, eligibility for government benefits, your family's caring capacity and how much income your family can still provide without you working.

    When choosing Trauma Insurance, consider factors such as the range of critical illnesses covered, the amount of coverage needed, the waiting period before the policy becomes active, the cost of premiums, any exclusions, and the policy's terms and conditions.

    In any insurance policy, the insured can only make a claim once for the same condition during the policy period. In a Trauma Insurance policy at Aspect, a benefit is paid for any specified condition within the coverage period, after which the policy ends.

    Benefit payments received from Trauma policies are not recognised as income, and therefore premium payments for individuals cannot be claimed as expenses in assessable income. For this reason, Trauma premiums and benefits are not tax-deductible in Australia.

    Disclosures & Important Notices:

    The advice provided on this website does not take into account any of your personal objectives, your financial situation or your needs. For this reason, before you act on the advice you should consider its appropriateness, taking into account your own objectives, financial situation and needs. Before you make a decision about whether to acquire any Aspect Products, you should obtain and read our Product Disclosure Statement (PDS). This PDS contains terms, conditions, and exclusions about our A&H insurance products. If necessary, please seek advice from a Financial Adviser or a qualified Insurance Professional before deciding on appropriate insurance cover.

    As prescribed by the Australian Government and as required under the Insurance Contracts Act, we advise you go through the Key Facts about your Personal Accident & Illness Policy here.

    We would also like to draw your attention to our Important Information provided here. You must be aware of this information when entering into the initial insurance contract, and when reinstating, or varying that insurance contract.

    Our financial service guide (FSG) contains important information about the services we offer you; how we and our associates are paid; any potential conflicts of interest we may have; and what to do in the event of a complaint. Find Aspect Underwriting FSG here and Aspect Broking FSG here.

    The Trustee for Wallis Family Trust t/as Aspect Broking is a Corporate Authorised Representative (CAR No. 1247437) of McLardy McShane Partners Pty Ltd; AFSL 232987, ABN 14 064 465 309. At McLardy McShane Partners Pty Ltd, we are committed to protecting your privacy in accordance with the Privacy Act 1998 (Cth) and the Australian Privacy Principles. Read the Aspect Broking privacy policy here.