Trauma insurance

What is trauma insurance?
Our products
Documents and downloads

What is trauma insurance?

Trauma insurance (sometimes referred to as critical illness insurance) provides a lump sum payment if you suffer a specific medical condition, as defined in the policy.

Some of the more common conditions covered include cancer, heart attack and stroke.

Trauma insurance is not available through superannuation.

Trauma insurance provides financial support to help cover:
• the costs of care, and
• recovery associated with specific medical conditions.

Enabling you to focus on your recovery rather than the bills.

A lump sum payment gives you choice when it comes to medical treatment and lifestyle adjustments you may need (or want) to make after suffering a serious medical condition. Not all medical expenses are covered by private health insurance (if you have it).

Our insurance products

Elevate Insurance Trauma Insurance

Trauma insurance is available for new applications from existing Resolution Life customers. If you’re aged between 18 and 65 and already have cover with us, you can apply for Elevate Trauma Insurance.

In addition to paying the sum insured if you suffer a specific serious illness or injury, as defined in the policy, Elevate trauma insurance plans offer several built-in benefits such as:

Automatic Inflation Benefit: Your sum insured is automatically increased by greater of the Consumer Price Index (CPI) or 5% unless you advise us you don’t want this increase.
Life Buy Back Benefit: 12 months after a full trauma benefit is paid, you may buy that amount of cover back as a life insurance plan without having to provide health evidence.
Only available if your trauma insurance is linked to a life insurance plan.
Future Insurability Benefit: You can increase your sum insured for specific events without having to provide health evidence.
Accommodation Benefit: If we’ve paid the full Trauma Benefit and you’re confined to bed and require a family member to stay with you, we’ll pay up to $250 per day for up to 14 days to help with accommodation costs.
Financial Planning Benefit: We’ll reimburse up to $2,000 for the cost of financial planning advice received within 12 months of us paying the full Trauma Benefit.
Premium Freeze Benefit: This benefit allows you to maintain the current premium at the time the benefit is exercised, in exchange for a sum insured that reduces each year. Only available with variable age stepped premiums.
Premium and Cover Pause Benefit: This benefit allows you to suspend all benefits under your policy and premiums associated with them for 3, 6 or 12 months.

To find out more about Elevate Trauma insurance, including optional extras and suggestions on how you can potentially reduce the cost of your cover, refer to the Trauma Insurance Product Summary. For full details about Elevate Insurance, refer to the Product disclosure statement and plan document.

For information on our other life insurance products, please refer to your policy document or speak to your financial adviser about the specific features your policy offers.

Documents and downloads

Elevate Insurance Product Disclosure Statement and Plan Document

Elevate Target Market Determinations

Elevate Insurance Trauma Insurance Product Summary

How to review your life insurance cover

Important information

Where the information on this website is factual information only, it does not contain any financial product advice or make any recommendations about a financial product or service being right for you. Any advice is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the product disclosure statement and policy document for the product. Any guarantee offered in the product is only provided by Resolution Life. Any Target Market Determinations for our products can be found at resolutionlife.com.au/target-market-determinations.

Resolution Life does not make any representation or warranty as to the accuracy, reliability or completeness of material on this website nor accepts any liability or responsibility for any acts or decisions based on such information.

Resolution Life can be contacted at resolutionlife.com.au/contact-us or by calling 133 731.