Trauma insurance, also known as critical illness insurance, provides a lump sum payment if you are diagnosed with a serious illness or injured in a major accident covered by the policy. Unlike life insurance, it pays out while you're still alive, offering financial support during a challenging time.

Key Points:

• Coverage: Typically includes major illnesses like cancer, heart attack, stroke, and major surgeries, along with serious injuries like burns and limb loss.

• Benefit: Provides a lump sum payment to help cover medical expenses, lost income, or other financial needs arising from the covered condition.

• Benefits:

  • Financial security to manage treatment costs, living expenses, and potential lifestyle changes.

  • Peace of mind knowing you have financial support during a difficult time.

  • Can ease burden on loved ones by covering related expenses.

• Considerations:

  • Cost varies depending on age, health, lifestyle, and desired coverage level.

  • Exclusions exist for pre-existing conditions and specific circumstances.

  • Carefully review policy terms and conditions before committing.