Covermate Life Trauma Insurance: Financial Protection for Serious Illness
Trauma insurance (also known as critical illness insurance) provides a lump-sum payment upon diagnosis of specified serious illnesses—such as cancer, heart attack, stroke—helping you cover medical costs, living expenses or debt relief.
What It Covers
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Critical illnesses including specified cancers, heart-related conditions or major injuries.
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Funds can be used flexibly for medical treatment, rehabilitation, living costs, or debt repayment.
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Tax-free lump sum benefit designed for financial peace of mind when needed the most.
Why Choose Covermate Life for Trauma Cover
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Compare multiple trauma & critical illness policies easily via our platform.
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Quick & tailored quotes
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Clear policy definitions—understand exactly what’s covered.
Who Needs Trauma Insurance?
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Individuals looking for financial protection in case of serious illness.
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Those without income protection, or who want extra security beyond TPD or life insurance.
Frequently Asked Questions
Q1: What is trauma insurance?
A: Trauma insurance (critical illness cover) pays a lump sum if you're diagnosed with a specified critical illness. It helps cover medical, living, or rehab costs.
Q2: What illnesses are typically covered?
A: Common conditions include severe cancer, heart attack, stroke—and policies may list specifics in the product PDS.
Q3: How does trauma insurance differ from income protection?
A: Trauma pays a lump sum on diagnosis. Income protection pays ongoing income if you're unable to work.
Q4: Is the trauma insurance payout taxable?
A: The lump-sum benefit is usually tax-free, providing full flexibility.
Why It Matters
Serious illnesses are more common—and costly—than many expect. Trauma cover gives you financial freedom at a time when focus should be on recovery, not bills.
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