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Why do I need both TPD and trauma insurance?

Trauma insurance pays a lump sum if you suffer from a specific, major illness or injury, such as cancer, a heart attack or the loss of a limb. Your policy will cover a defined list of medical conditions, and will probably exclude anything you have suffered from in the past.

Although most major illnesses will be covered by any trauma policy, there are subtle differences in the definitions of each medical event and in the benefits they offer. Your risks will be different depending on your age, gender, health, lifestyle and occupation so when choosing a policy you need to know exactly what is covered. Our advisors can help you to choose the product which offers the best cover for the conditions which are highest risk for you.

If you do experience a trauma event you can make a claim on your insurance even if you are still able to work. You can use the money for any purpose - to cover medical costs, pay your living expenses or pay off debts.

TPD cover also pays a lump sum if you suffer a major illness or injury – but only if you are permanently no longer able to work, or in some cases if you can no longer perform the normal activities of daily life. You can choose whether to insure against being unable to do the work you do now ('own occupation' cover) or against not being able to work again in any capacity. Own occupation cover will usually be more expensive, especially if your job involves physical labour.

If you are medically unable to work you can make a claim on your TPD cover regardless of the cause of your disability, unlike trauma cover which will only pay for specific illnesses.

In many cases a condition would be covered by both trauma and TPD policies. For this reason it can be cost effective to buy an insurance package where your TPD cover provides a 'catch all' for anything not covered in your trauma insurance.

Contact a 1300 Life Insurance Advisor Today

1300 Life insurance have access to the full range of Life Insurance available from all Australian life insurance companies. Our advisors use sophisticated analysis to evaluate the features and benefits of each product against your own needs. Our duty of care is to always act in your best interest. We will:

  • Assess your needs
  • Make an unbiased recommendation
  • Provide you with a written statement of advice
  • Ensure your cover is properly implemented

Contact Us

If your interested in Life Insurance, please complete an enquiry form and our advisers can get in touch with you. Alternatively you can also phone 1300 543 346 during business hours.