NobleOak Life Insurance.
Lump sum payment for diagnosis of serious medical conditions
Trauma Cover will ensure you receive a lump sum payment of up to $2m if you’re diagnosed with one of the 37 serious medical conditions listed in the PDS, including certain types of cancer, heart attack or stroke*
Stand-alone policy, or add it to Life Cover
Trauma Cover can be added to your Life Cover policy as an optional extra. Or, you can buy Trauma Cover as a stand-alone policy by calling 1300 220 627.
Financial advice benefit
If a Trauma benefit in excess of $200,000 is paid, the cost to you of engaging a qualified and licensed financial adviser can be reimbursed (up to $2,000). Just so you have all the right support on hand, to provide guidance in the management of your lump sum claim payment.
Future increases benefit
No matter whether the funds would be best spent paying off a mortgage, covering your day-to-day expenses or simply living life on your terms, you can use any proceeds in whatever way you choose.
Underwritten for you
Any Life Insurance policy issued by Budget Direct is fully underwritten when you buy it, rather than when you need to make a claim.
This minimises the risk of there being any nasty surprises at claim time.
Insurance issued by NobleOak Life
With a solid collection of awards and over 140 years insuring Australians and their families, your Budget Direct policy is issued with a wealth of care and experience.
Terms, conditions, limits and exclusions apply. For all the details, please read the Product Disclosure Statement (PDS).
How much Trauma Insurance can I apply for?
Australian residents between 18 and 59 years of age can apply for up to $2 million in Trauma Cover. It is available as an option within Life cover, or it can be taken as stand-alone cover. If Trauma Cover is taken as an option with Life Cover, the Life Cover sum insured is reduced by any amount paid as a Trauma claim.
Up to $2 Million
Maximum cover level
59 years old
Maximum entry age
70 years old
Guaranteed renewable age
Financial advice benefit
Not sure how much cover you want? Get an estimate by using our Life Insurance Calculator.
Caring cover brought to you from Budget Direct
Fully underwritten insurance
By carefully underwriting your application based on your health, lifestyle and other factors, the risks of delays or surprises in the event of a claim are minimised.
Simple & straight-forward
We’re here to help, and prefer not to use overly complex phrasing. Life and TPD Insurance should help bring you peace of mind, not complicate things.
Issued by NobleOak
Cover is issued by one of Australia’s most trusted and respected Life Insurance companies, so you’re in safe and experienced hands with Budget Direct Life Insurance.
Award-winning Australian Life Insurance
Budget Direct has been awarded Canstar’s Outstanding Value Direct Life Insurance for 2023. Canstar’s Direct Life Insurance Award recognizes providers who offer outstanding value policies to consumers in Australia.
To determine the winners, direct life insurance policies are evaluated using Canstar’s sophisticated ratings methodology, unique to Canstar, which assess the overall value proposition of policies available to consumers in Australia.
We are also the winner of The Mozo Expert Choice Awards 2022. Mozo analysed 21 different insurance companies and we are proud to be named a winner of six award categories:
Outstanding Value Direct Life Insurance
Exceptional Quality Life Insurance
Exceptional Value Life & TPD Insurance
Exceptional Value Life & Trauma Insurance
Exceptional Value Income Protection
Exceptional Quality Income Protection
Manage your Life Insurance policy
Terms and conditions
*Cancers – exclude specified early-stage cancers; Heart Attack – with evidence of severe heart muscle damage; and Stroke – in the brain resulting in specified permanent impairment. For the full descriptions and list of covered serious medical conditions, please read the Product Disclosure Statement (PDS).