Trauma Insurance – Covers Your Medical Injuries
Trauma Insurance pays a partial or full benefit if someone is diagnosed with a specific, serious medical condition or if specific surgery is required to treat a serious medical condition.
A serious illness or injury can cause unforeseen expenses for a person and his/her family. The lump sum payment provided by the Policy may be used to help cover some of those expenses such as medical treatment, rehabilitation or to pay off debt. This allows concentrating on recovery with financial peace of mind.
A Trauma Insurance provides cover for various types of diseases and medical conditions, accidental injuries (Accidental Injury means bodily injury, occurring after the Cover Start Date, which occurs solely, directly and independently of any other cause by violent, unexpected, external and visible means).
Covered Conditions:
Alzheimer’s disease:
If a person is diagnosed with Advanced Dementia or Alzheimer’s disease and the Survival Period is reached, this insurance will pay a one-off payment to him of some part of the current Sum Insured on diagnosis. The Policy will continue with the balance of the Sum Insured.
Cancer:
If a person is diagnosed with Cancer for 90 or more days after the Cover Start Date and the Survival Period is reached, he is entitled to get:
1. The full current Sum Insured and the Policy will end; or
2. A partial payment of the current Sum Insured for specific early stage cancers and Policy will continue with the balance of the Sum Insured. If the Cancer progresses and meets the conditions defined then the remainder of the Sum Insured will be paid.
Chronic Kidney Failure:
If one suffers from Chronic Kidney Failure for 90 or more days after the Cover Start Date and the Survival Period is reached, he gets the full current Sum Insured, and the Policy will end. Chronic Kidney Failure means end stage renal disease with permanent and irreversible loss of function of both kidneys which requires permanent dialysis or kidney transplantation.
Chronic Liver Failure:
If a person suffers from Chronic Liver Failure and the Survival Period is reached, he gets the full current Sum Insured and Policy will end. Chronic Liver Failure means permanent end stage liver.
Chronic Lung Disease:
If someone is diagnosed with Chronic Lung Disease and the Survival Period is reached, he will get the pay for the full current Sum Insured and the Policy will end.
Heart Attack:
Heart Attack means diagnosis of the death of a portion of heart muscle arising from inadequate blood supply to the relevant area. The diagnosis must be supported by the following criteria being present, and consistent with a Heart Attack:
- Confirmatory new electrocardiogram(ECG) changes; and
- Diagnostic elevation of cardiac enzyme CK-MB or an Elevation of Troponin of five times the upper limit of normal.
Other causes of severe non-cardiac chest pain, heart failure and angina are specifically excluded.
In case of Heart Attack, Trauma Insurance policy provides full current Sum Insured for more than 3 months, after the Cover Start Date and the Survival Period is reached, and the Policy ends after that.
Parkinson’s disease:
Parkinson’s disease means a definite diagnosis of idiopathic Parkinson’s disease by a consultant neurologist that meets the following criterion:
- There must be permanent clinical impairment of motor function with associated tremor, rigidity of movement and postural instability.
If the Policy is still active, any remainder of the original Sum Insured will be paid and the Policy will end when the Parkinson’s disease results in you:
- Requiring continual supervisory care; or
- Being permanently unable to perform at least two daily activities, independently.
I n case of diagnosis of Parkinson’s disease and the Survival Period is reached, it pays some part of the current Sum Insured and the Policy will continue with the balance of the Sum Insured.
There are some other health conditions, which are covered under Trauma Insurance Policies.
The initial premium payable is shown on the Policy Schedule. From the first date, the premium rate adjusts each year until the Policy stops. The premium payable is based in part on the Sum Insured.
Category: Health, Insurance, Medical, Medical Insurance
