If you or a family member is diagnosed with a serious illness, a trauma policy will pay out a lump sum to cover expenses and compensate you for your trauma. Trauma insurance helps to cover the costs of medical and rehabilitation expenses, providing financial support to aid your recovery after significant medical events and temporary and permanent disabilities. The lump sum can be used to pay for support services and counselling, and additional or alternative treatments that may not be covered elsewhere. We can arrange customisable options to fit your needs to help your family during a difficult time.
Trauma insurance, also known as critical illness insurance, provides a lump sum payment if you're diagnosed with a specific illness or injury, such as cancer, heart attack, or stroke. It's designed to help you manage medical costs and maintain your lifestyle during recovery.
Trauma insurance NZ is designed to provide financial support at the moment you need it most. Once a covered condition is diagnosed and confirmed, the insurer pays out the agreed lump sum. You can use this payment for medical treatment not covered publicly, reducing work hours, hiring in-home support, or even paying down your mortgage. Because trauma cover insurance is condition-based, it’s important to review the list of illnesses covered before you choose a policy.
Trauma cover is valuable for anyone who would struggle financially if they were unable to work for an extended period due to a serious illness. It’s especially important for families with children, people with mortgages or loans, and those who want extra flexibility if their health changes suddenly. The best trauma insurance NZ can provide peace of mind that you’ll have funds available to focus on recovery rather than finances.
Health insurance helps pay for private medical treatment and specialist access, while trauma insurance gives you a one-off cash payment if you suffer a major illness or injury listed in your policy. You can hold both together: health insurance speeds up access to treatment, while trauma insurance helps you manage the wider financial impact, such as lost income, home adjustments, or ongoing family costs.
Most major life insurance companies in New Zealand, including AIA, Partners Life, Asteron Life, Fidelity Life and Chubb Life, offer trauma insurance as a standalone policy or as an add-on to life cover. The best trauma insurance NZ depends on the conditions covered, the size of the lump sum you want, and how it fits with your existing health or life insurance. An adviser at NZ Insurances can compare providers and help tailor trauma cover insurance to your personal circumstances
