Children’s Trauma Cover provides a benefit if the insured child suffers any one of 12 specified medical conditions or injuries including broken bones. This benefit is only available if the insured child also has Children’s Life Cover. To be eligible for this cover the insured child must be an Australian resident aged 0-17 years. Acceptance is guaranteed however a benefit will not be payable for any pre-existing conditions the child has at policy commencement.
We understand that when a child suffers a serious medical condition or accidental injury, families can experience a significant financial burden due to the loss of income of one or both parents as well as having additional expenses such as medical bills and rehabilitation costs. Children’s Trauma Cover provides a lump sum payment to assist families with these costs.
Up to 6 child family members can be insured under a Children’s Trauma Cover benefit.
Core Benefit Features
- The child must be a life insured under a Children’s Life Cover benefit
- The insured child must be an Australian resident aged 0-17 years at policy commencement
- Age 18
- When the child’s Children’s Life Cover ceases
- When a Children’s Trauma Cover benefit is paid (other than broken bones)
This is a once only (other than for broken bones) lump sum benefit which is payable if the child insured suffers one of the following conditions:
- Bacterial Meningitis
- Broken bone*^
- Loss of Hearing
- Loss of Use of Limbs
- Loss of Loss of Speech
- Major Head Trauma
* 3 month exclusion applies
^ Pays a maximum of 10% of the benefit amount – up to a maximum of 3 claims
- Equal to Children’s Life Cover amount ($10,000- $25,000)
- Inflation Protection: automatic 5% annual benefit amount increase (may be declined)
- No medicals required
- Guaranteed issue
Impact on Other Cover:
- The payment of a Children’s Trauma Cover benefit will have the effect of automatically reducing the child insured’s Children’s Life Cover benefit to nil.
- a pre-existing condition
- a congenital condition
- self-inflicted injury
- aerial activity
- motorised sport
- war or terrorism;
- alcohol or drugs
- intentional act of carer.