Trauma Cover
Trauma cover protects you and your family in the event of a listed health event, such as cancer, heart attack, stroke, etc. Providing a lump sum benefit that can be used to pay for out-of-pocket medical expenses, ongoing rehabilitation expenses, mortgage repayments, and future income replacements.
Compare Trauma Cover options from all major Australian insurers — zero fees, no pressure.
Up to $10M+ cover available
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General advice only. We help you understand your options — you make the decision.
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 recovering 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, 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.
Medical& Treatment Cost
Out-of-pocket costs not covered by Medicare or private health — specialist fees, gap payments. Access to treatments outside the public system (private hospital, faster specialist access, overseas treatment.
Mortgage Protection
Paying off or reducing the mortgage, so recovery isn't complicated by loan repayments.
Family & dependents' Funding
Covering dependents and children's living, education costs so treatment can take priority for families.
Housing
Funding home modifications if the illness leaves lasting mobility or care needs (ramps, bathroom modifications, stairlifts)
Income Replacement & Living Cost
Bridging household expenses while working reduced hours or not at all during treatment. Covering everyday bills so savings and super aren't drawn down.
Retirement & asset protection
Protecting superannuation balances and avoiding forced sale of assets at the wrong time — useful for pre-retiree clients
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
02
Business Owners
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Sole traders
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Business partners
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Directors with staffs
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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.
Gender
Female generally pay lower premium than male applicants.
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.