While Trauma insurance might seem optional, statistics reveal its potential impact on individuals and families facing critical illness or injuries. Here are some key figures to consider:

1. Prevalence of Critical Illnesses:

• In Australia, 1 in 2 people will be diagnosed with cancer in their lifetime (Cancer Council Australia).

• Approximately 1 in 4 Australians will experience a heart attack or stroke by the age of 85 (Heart Foundation Australia).

• Serious injuries from accidents are also prevalent, with over 500,000 hospitalizations annually in Australia due to unintentional injuries (Australian Institute of Health and Welfare).

2. Financial Impact of Critical Illness:

• The average cost of cancer treatment in Australia can exceed $100,000 (CanTeen Australia).

• Lost income due to illness or injury can significantly strain finances, with the average Australian worker losing $17,700 per year due to illness (Productivity Commission).

• The financial burden can extend to families, impacting their ability to meet living expenses and care for loved ones.

3. Trauma Insurance Claims:

• In Australia, over $5 billion is paid out annually in Trauma insurance claims, highlighting its role in supporting individuals and families (Life Insurance Council of Australia).

• Studies show that Trauma insurance helps policyholders manage treatment costs, maintain their desired lifestyle, and reduce financial stress during critical times.