Critical Illness Insurance
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 household cope financially if you or your spouse were affected by a critical illness? Specialised medical treatment is not always covered by the public health system, and you may also have debt payments such as your mortgage, hire purchases or credit cards to consider. It’s not something you particularly want to dwell on, but it’s a very real risk.
The solution is AIA Trauma Cover.
Critical Illness Insurance
- AIA Trauma Cover
Providing financial support to help make life easier if you suffer a critical illness.
AIA Trauma Cover pays you a lump sum of up to $2 million if you suffer 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, living expenses, to pay for alternative treatments, or a recuperative holiday for instance.
Our Trauma Cover protects you anywhere in the world. When you consider the number of years it takes to establish a comfortable lifestyle, having Trauma Cover makes a lot of sense. It’s about protecting financial stability so that you can get through the tough times.
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 taken out as an accelerated benefit against Life Cover or as a standalone benefit
- Benefit increases for special events
- Optional benefits specifically for women and children
- Optional waiver of premium
- Worldwide cover
You’ll receive a lump sum payment 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. |
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Funeral Benefit
AIA Trauma Cover includes a funeral benefit of $12,500 (for standalone Trauma Cover) if you die during the term of your policy and no Trauma Cover benefit is payable.
Optional Cover
You can choose to add a Women’s Additional Cancer, or cover for your children aged between three and 21 years.
Special Events Increase
When you have Trauma Cover, you may be able to increase the amount of your cover without further medical evidence, making it easier for you to adjust to your changing life. Special events include getting married or a civil union, getting divorced or legally separated, giving birth or adopting a child, getting a salary increase, taking full-time care of a dependent person, your child attending tertiary education, or increasing your mortgage.
| 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.
After a doctor’s examination, 31-year-old Marie was told she had haemorrhoids. She was referred to a specialist who performed an exam. More tests confirmed that Marie had bowel cancer.
After an initial major surgery, Marie had several follow-up surgeries over a period of 12 months. Her AIA Trauma Cover paid a lump sum that enabled her to reduce her liabilities and pay for alternative therapies that aided in her recovery.