Critical Illness Insurance for Business Owners
A critical illness is a serious illness or disability, such as cancer, heart attack or stroke. Statistics tell us that 50% of men and 33% of women will suffer a critical illness before the age of 70¹.
So how would your business cope financially if you or a key person in your business was affected by a critical illness? How would you pay off your debts and expenses? Would your customers and suppliers still want to deal with your business? And what would your business be worth if you had to sell? It’s worth thinking about.
The solution is AIA Trauma Cover.
Critical Illness Insurance for Business Owners
- AIA Trauma Cover
Financial support to ensure your business can continue even if you suffer a critical illness.
AIA Trauma Cover provides a lump sum payment if you or a key person in your business suffers any of the critical illnesses specified in our policy, such as cancer, heart attack, stroke or major burns.
The payment can be used for any purpose – reducing debt, hiring a replacement person, or buying out your share of the business for instance. Plus, our Trauma Cover has the flexibility to adapt as your business changes, with the ability to increase your level of cover without any medical underwriting.
Click on Benefits to see the full list of critical illnesses covered.
1 Gen Re LIfeHealth Australia 2005
Please refer to the relevant policy document for full details of the insurance contract and the terms, conditions, limitations and exclusions that may apply.
- Guaranteed renewable to age 70
- Can be claimed as an accelerated benefit against Life Cover or as a standalone benefit
- Ability to increase your cover as your business grows
- Worldwide cover
With AIA Trauma Cover you’ll receive a benefit if you suffer any of these critical illnesses:
| Critical illness or surgical procedure Full payment |
Critical illness or surgical procedure Part payment |
|---|---|
| Accidentally acquired HIV* | Angioplasty*^ |
| Alzheimer’s disease | Adult insulin dependent diabetes* |
| Aorta surgery* | Heart valve replacement* |
| Aplastic anaemia | Loss of one limb |
| Benign brain tumour* | Heart attack - minor |
| Blindness | Percutaneous repair of the thoracic or abdominal aorta* |
| Cardiac arrest – out of hospital | Prostate cancer (diagnosis) |
| Cardiomyopathy* | |
| Chronic kidney failure | |
| Chronic liver failure | |
| Chronic lung disease | |
| Cognitive impairment | |
| Coma | |
| Coronary artery bypass surgery* | |
| Critical cancer* | |
| Encephalitis | |
| Heart attack - major* | |
| Heart valve surgery* | |
| Intensive care treatment | |
| Loss of independence | |
| Loss of limbs | |
| Loss of one limb and sight in one eye | |
| Major burns | |
| Major head trauma | |
| Major organ transplant* | |
| Meningitis / Meningococcal disease | |
| Motor neuron disease | |
| Multiple sclerosis | |
| Muscular dystrophy | |
| Paralysis | |
| Parkinson’s disease | |
| Permanent loss of hearing | |
| Permanent loss of speech | |
| Pulmonary arterial hypertension* | |
| Stroke* | |
| Triple vessel angioplasty* | |
|
For all conditions we’ll pay a benefit provided the Life Assured survives 14 days after the event causing the claim, subject to the policy terms and conditions. For conditions marked * we’ll pay a benefit where the critical illness occurred any time after 90 days from the policy commencement date, subject to the policy terms and conditions. For angioplasty ^ we’ll pay out for multiple claims, subject to the policy terms and conditions. |
|
Optional Women’s Cover
You can choose to have extra cover for a range of low-grade female cancers.
Business Increase Option
When you have Trauma Cover, you can increase the amount of your cover without further medical evidence, making it easy to ensure the right level of cover as your business grows.
Contact us now to find an AIA Insurance Adviser near you
| Qualifying age:* | 16 – 64 years* |
|---|---|
| Duration of Policy: | Policies are annually renewable to age 70 |
| Type of cover: | Level or inflation linked. Accelerated or standalone |
| Cover limit: | $2,000,000 |
| Premium options: | You can ensure that your premium stays the same by choosing the level option (not guaranteed), or by choosing a premium guarantee period of one year |
*Individual consideration will be given to ages outside this range.