Details.
Also known as trauma insurance, this cover provides a lump sum benefit if the life insured suffers a critical condition defined by the insurance provider. It is designed to support financial recovery after a trauma or crisis, such as a heart attack, stroke, cancer or other life-threatening condition. Customers should ensure their cover is adequate for their needs, as under-insurance can present a serious problem. This cover is generally not held within super, but may be connected with other insurances held in super to reduce administration and implementation costs.