Medical Trauma insurance, otherwise known as Critical Illness cover, provides a lump sum benefit in the event the insured suffers a major medical event, such as, a stroke or heart attack.
The level of cover considered should be sufficient to protect against such potential expenses as medical and health related costs or may alternatively be desirable as a form of financial relief while you are away from work and focused on recovering your health.
This form of personal risk insurance can provide a valuable addition to your general insurance cover in the event the full cost of any medical services required are not met by health insurance you may hold. It may also provide a lump sum in lieu of lost income caused by ill health. This can remove the risk of your financial assets being severely impacted.