Trauma Cover
Get financial support when serious illness or injury strikes with a lump-sum payment to cover treatment, recovery, and time off work. Compare Trauma Cover options from all major Australian insurers — zero fees, no pressure.
Up to $10M+ cover available
Compare all major insurers
Zero advice fees
Instant policy documents
What Is Trauma Cover?
Trauma insurance provides a lump sum benefit if you are diagnosed with a serious illness or injury, such as cancer, heart attack, or stroke. This benefit can help cover medical expenses, ongoing living costs, mortgage repayments, or other financial obligations while you focus on recovery.
Trauma insurance is a key financial protection tool. It gives you peace of mind, knowing you can concentrate on getting better without worrying about the financial impact of a major health event.
Hippo Wealth compares Trauma Cover across all major Australian insurers — TAL, AIA, MLC, Zurich, BT, ClearView, and more — so you can see every option clearly before making a decision. No fees, no pressure.
What Does Trauma Cover Include?
Provides financial support if you suffer a serious illness or injury, helping cover treatment costs, living expenses, and recovery needs.
Death Benefit
A lump sum paid to your nominated beneficiaries if you pass away while the policy is active.
Mortgage Protection
A lump sum paid to your nominated beneficiaries if you pass away while the policy is active.
Education Funding
A lump sum paid to your nominated beneficiaries if you pass away while the policy is active.
Terminal Illness Benefit
The full benefit paid if you're diagnosed with a terminal illness expected to result in death within 12 months.
Income Replacement
The full benefit paid if you're diagnosed with a terminal illness expected to result in death within 12 months.
Funeral & Estate Costs
The full benefit paid if you're diagnosed with a terminal illness expected to result in death within 12 months.
Who Should Have Trauma Cover?
Trauma insurance is essential for anyone whose family depends on their income. Here are the most common groups we help:
Families With Mortgages
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Homeowners with dependants
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Couples with shared mortgages
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Parents of young children
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Multi-income households
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Young Professionals
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Early-career professionals
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New parents
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First-time homebuyers
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Couples planning families
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Business Owners
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Sole traders
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Business partners
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Directors with staff
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Practice owners
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How Much Does Trauma Cover Cost?
Trauma insurance premiums vary based on several factors. On average, Hippo Wealth customers pay $35-$85/month for $1M in cover, but your actual cost depends on your individual circumstances.
Your Age
Younger applicants typically pay lower premiums than older applicants.
Health History
Pre-existing conditions may affect your premium or eligibility.
Smoker Status
Smokers typically pay 2-3x higher premiums than non-smokers.
Cover Amount
Higher coverage amounts mean higher monthly premiums.
Occupation
High-risk occupations may have higher premiums.
Policy Type
Term vs. whole-of-life policies have different cost structures.
3 Easy Steps To Get Covered
Compare
We compare Trauma policies across Australia’s leading insurers, tailored for medical and dental professionals. You receive a clear, side-by-side summary of cover, definitions, exclusions, and premiums; all in plain language. This is general advice: you see the full market, not a single recommendation.
Confirm
You review your options and choose the level of cover that suits your needs — from protecting your family to clearing debt.
We’re here to answer questions, but the decision is entirely yours. No obligation to proceed.
Complete
Once you’ve selected your cover, we manage the full application process — including underwriting, medical disclosures, and policy setup. We handle the details, keep you informed, and ensure your cover is active when you’re ready.