Trauma Cover

Trauma Cover pays a lump sum should you suffer one of 48 major illnesses or injuries, such as heart attack, stroke, cancer or blindness, and survive for 14 days. It’s been designed to help cover medical costs and to lessen the impact of lifestyle changes.

It can be combined with Life Care and/or TPD Cover, or purchased on its own. Options allow you to customise the package, including benefits and cost.

Features and benefits

In addition to the core Trauma Cover benefit, other features include:

• Partial Trauma Cover Benefit: Pays a partial benefit for a range of specific conditions.
• Severe Hardship Booster Benefit: Pays a higher benefit for certain medical conditions.
• Financial Planning Benefit: Helps cover the cost of financial planning after a Trauma benefit has been paid.
• Loyalty Bonus Benefit: Rewards you for keeping your cover by paying 5% more benefit after 5 years.
• Trauma Cover Buy Back Benefit: Allows cover to be reinstated 12 months after a Trauma claim that reduces Trauma Cover to less than $10,000.
• Accommodation Benefit: Helps cover the cost of accommodating a family member who has to be away from home to be near you if you’re confined to bed away from home.
• Indexation: Increases your cover each year in line with inflation.
• Interim Accident Cover: Covers you for accidents while we’re processing your application.
• Child Cover Option: Pays a lump sum equal to the amount for which you insure your child if your child dies or suffers from one of the 38 Child Cover trauma conditions.

Trauma Plus Cover option provides you with a partial Trauma Cover Benefit for an additional 10 trauma conditions.

Applying for Trauma Cover

• Contact your adviser
• Speak with a Customer Service Consultant on 13 10 56 from 8am to 8pm (EST), Monday to Friday
• Drop in to a Commonwealth Bank branch and speak with a Commonwealth Financial Planner.

 

• Important Information
  Please refer to the relevant Product Disclosure Statement for full details of these benefits and when they are payable.
  
  As this advice (including the statements on taxation which are based on present taxation laws, rulings and their interpretation) has been prepared without considering your objectives, financial situation or needs, you should, before acting on it, consider its appropriateness to your circumstances. You should seek advice from your taxation adviser in relation to taxation matters.
  
  Income Care, Income Care Plus and Business Overheads Cover (the Income Care Range), Life Care, Total and Permanent Disablity Cover (TPD Cover) and Trauma Cover form part of Personal Insurance Portfolio. Personal Insurance Portfolio is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 (CMLA).
  
  CMLA and the Trustee are wholly owned subsidiaries of Commonwealth Bank of Australia ABN 48 123 123 124. Commonwealth Bank of Australia does not guarantee the obligations or performance of CMLA or the Trustee or the products they offer.
  
  Product Disclosure Statements (PDSs) describing the Personal Insurance Portfolio are available from your Financial Adviser, by downloading it from this website or by calling 13 10 56 (from overseas call +61 13 10 56) and should be considered in making any decision about these products.