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Serious Illness in Australia: How Trauma Cover Can Help

Serious Illness in Australia: How Trauma Cover Can Help

Serious illness affects thousands of Australians every year. Budget Direct can protect you from financial hardship. Find out how today.

On appearances, you could be a picture of health. You may feel in good shape, eating a healthy and varied diet, exercising regularly and being sun smart — acting to prevent the chance of developing a serious illness.

However, there are many other factors that can affect your health, such as genetic factors, a sedentary working environment, work overload, financial stress and lack of sleep. More and more, stress has become a contributing factor to our daily lives, and it’s becoming increasingly clear that chronic stress can lead to serious illness­1.

The realities of serious illness

During the middle years of your life — from your 40s to your 60s — the likelihood of being diagnosed with a serious illness increases. In fact, statistics for 2016 from Cancer Australia show that you are more than two times more likely to be diagnosed with cancer in your 40s than in your 30s2.

The chance of contracting a serious illness can then further increase as you age. For example, statistics from 2011-2012 show some 3.3 million Australians suffered from arthritis, with 52% of those affected aged 75 or over. A further 2.2 million experienced hypertension3.

However, serious illness does not simply discriminate by age. For example, the number of Australians under 35 who were admitted to hospital suffering heart disease and stroke has risen by 30% in the last 10 years4.

In essence, serious illness can strike at any time and unfortunately it’s highly likely that many of us know someone who has been touched by a major illness, whether they’ve suffered themselves, or had a sick friend or family member. Perhaps you yourself have watched a love one go through the hardship of a serious illness.



If it is you who becomes seriously ill, the most important thing to focus on is your recuperation. It’s completely natural to want to get back to “the way things were before”– and while you may be fortunate enough to regain your health, the journey can often come with a number of new personal and financial challenges.

For example, recent statistics show that more than 300,000 Australians experienced poverty after being unable to work due to serious illness, with the effects extending to their families5.

It makes you wonder: If you were to fall seriously ill and be unable to work, how would you pay your mortgage or rent? Who would pay your children’s school fees? What if your treatment isn’t covered by private health insurance?

Trauma Insurance could be a life saver


Falling ill at any stage of life will have a big impact on your finances, and could cost you and your family thousands in treatment expenses. So no matter where you are in life, trauma insurance can be an important consideration.

With trauma insurance, you could help protect your family’s lifestyle, allowing yourself to focus completely on your health and recovery.

Budget Direct’s Trauma and Trauma Plus Insurance can provide you with a lump sum payout of up to $500,000 (depending on age) to help protect you and your family from financial hardship during your illness.

Who can get Trauma Insurance?

Trauma Insurance is available as additional cover to Budget Direct’s life cover, so if you have life cover, you can apply for trauma cover.

Trauma cover can be particularly important to primary breadwinners during their working years, as loss of income due to serious illness can have a profound financial effect. However, even if you’re a homemaker, your contribution to your home and family is immeasurable.

Therefore, if you’re a stay-at-home parent, part-time worker, or even retired, it can be worth considering the importance of trauma cover to protect you and your family.

What does Trauma and Trauma Plus Insurance cover?

Budget Direct’s Trauma Insurance will cover you for specific types of cancer, coronary artery bypass surgery, heart attack and stroke.

Trauma Plus Insurance will cover you for a broader range of conditions, including but not limited to loss of speech, hearing or sight, and emergency traumas such as severe burns and major head trauma from an accident. For a full list of what Budget Direct Trauma Plus Cover insures, click here.

How do I get Trauma and Trauma Plus Cover?

Trauma and Trauma Plus Insurance are available as added insurance to your Budget Direct Life Insurance Policy. Get in touch with our insurance specialists today on 1800 555 048 to learn more, or click here for a free online quote.

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