Major causes of trauma insurance claims
Trauma insurance offers financial assistance to those who have suffered a specified traumatic event. In Australia, traumatic events are common, with the major causes of trauma insurance claims including:
- heart attack;
- heart disease;
- stroke; and
There are many trauma insurance policies available on the Australian market, each covering a variety of diseases and medical conditions. Each disease or condition will also have its own particular definition.
However most insurer’s trauma claims experience are mainly due to cardiovascular disease, including heart attack and stroke.
What the statistics say about trauma insurance
It is estimated that new cases of cancer diagnosed before the age of 75 is projected at being around 33% for men, and 25% for women.
Also, nearly 8% of Australians had cardiovascular disease of some sort, and that the risk of suffering a trauma is very high*.
With these statistics in mind it is no wonder that trauma insurance can really financially assist those in need.
Trauma insurance is different
You do not have to die or be declared terminally ill to make a trauma insurance claim, and your income does not have to suffer. Just meeting the definition of a traumatic event outlined your the product disclosure statement allows you to make a trauma claim.
Contact ComparingExpert today to compare trauma insurance policies with free trauma insurance quotes.
Source: *Australian Institute of Health and Welfare (AIHW) 2004/2005