Medical & recovery costs
Help meet additional treatment, rehabilitation or recovery-related expenses.
CRITICAL ILLNESS INSURANCE
Financial support when life changes suddenly.
Critical Illness Insurance, also known as Trauma Insurance, can provide a lump-sum payment if you are diagnosed with a specified serious illness or medical condition covered by your policy.
We compare options from 11 leading insurers and help you understand the conditions covered, policy definitions, features and cost.
A lump sum when you need it
Help create financial breathing room following a serious diagnosis.
Cover for specified conditions
Policies can cover serious illnesses and medical events subject to policy definitions.
Protect your financial position
The benefit may help with medical costs, debts, living expenses or time away from work.
HOW IT WORKS
What is Critical Illness Insurance?
Critical Illness Insurance, commonly referred to as Trauma Insurance, generally provides a lump-sum benefit if you are diagnosed with a specified serious illness or experience a covered medical event and meet the policy definition.
The payment can provide additional financial flexibility while you focus on treatment and recovery. How the money is used is generally up to you.
Conditions commonly covered can include:
Cancer
Heart attack
Stroke
Multiple sclerosis
Serious heart conditions
Major organ transplant
Parkinson's disease
Severe burns
These are examples only. Covered conditions, definitions and eligibility criteria vary between insurers and policies.
WHAT IT CAN HELP WITH
Financial breathing room at a difficult time.
Mortgage & debts
A lump sum may help reduce major debts and ongoing financial commitments.
Time away from work
Create greater financial flexibility if you or a family member needs time to recover.
Everyday expenses
Help maintain household cash flow while you focus on your health and recovery.
DID YOU KNOW?
Critical illness cover is designed to complement, not replace, other types of insurance.
Private health insurance may help with eligible medical treatment costs, while Income Protection is designed to replace part of your income if you cannot work. Critical Illness Insurance is different because it can provide a lump-sum payment after a covered diagnosis or medical event, subject to the policy terms.
WHY PREMIER WEALTH PROTECTION?
The policy details matter.
Critical illness policies can differ in the conditions covered, definitions, benefit structures and underwriting. We help you compare more than simply the premium.
Advice, not just a quote
Buying directly can mean choosing your own level and structure of cover. We help you understand how Critical Illness Insurance may fit alongside your other personal insurance.
Compare policy definitions
Critical illness cover is not identical across insurers. We compare available options, including policy features, definitions and cost.
Support through underwriting
Health history can form an important part of the application process. We help guide you through underwriting and communicate with insurers along the way.
Support if you need to claim
If you experience a serious illness or medical event, we can help explain the claims process and communicate with the insurer throughout your claim.
Different ways to arrange Critical Illness Insurance
DIRECT
Buying from an insurer
You select and apply for a policy directly with the provider.
COMPARISON
Comparing products
Useful for comparing premiums and products, although the service and level of advice provided can vary.
PWPG
Advice + comparison + ongoing support
We help you understand your options, compare available policies and remain available after your cover is in place.
THE PROCESS
Getting covered doesn't need to be complicated.
1
Tell us about your needs
We learn about your circumstances, priorities and existing insurance.
2
Compare your options
We research suitable options from the insurers available to us.
3
Apply with support
We guide you through the application and underwriting process.
4
Ongoing support
We remain available for future reviews, changes and claims support.
CRITICAL ILLNESS INSURANCE FAQS
Common questions about Critical Illness Insurance.
Is Critical Illness Insurance the same as Trauma Insurance?
The terms are commonly used to describe the same type of cover. Critical Illness or Trauma Insurance can provide a lump-sum benefit following diagnosis of a specified serious illness or medical event, provided the policy definition is met.
What conditions can Critical Illness Insurance cover?
Critical Illness Insurance can cover a range of specified serious illnesses and medical events. Common examples can include cancer, heart attack, other serious heart conditions, stroke, multiple sclerosis, major organ transplant, Parkinson's disease and severe burns. The exact conditions, definitions and eligibility requirements vary between insurers and policies.
How much Critical Illness cover do I need?
The appropriate level of cover depends on your circumstances. Factors may include your mortgage and other debts, income, savings, medical expenses, household costs and the financial impact of taking time away from work.
What can I use the benefit for?
A Critical Illness Insurance benefit is generally paid as a lump sum. Subject to the terms of your policy, the payment can provide flexibility to manage expenses such as debts, household costs, medical expenses or time away from work.
Is Critical Illness Insurance the same as Income Protection?
No. Critical Illness Insurance generally pays a lump sum after a covered diagnosis or medical event. Income Protection is designed to provide an ongoing benefit if illness or injury prevents you from working, subject to the policy terms.
What happens if I need to make a claim?
If you need to claim, we can help explain the process, assist with the information required and communicate with the insurer throughout the claim.
READY TO GET STARTED?
Protect your financial position.
Request a quote and we'll help you compare Critical Illness Insurance options from leading Australian insurers.