Four of the main listed conditions accounting for up to 90% of Trauma claims are Cancer, Heart Attack, Coronary Artery Bypass Surgery and Stroke. NobleOak Trauma Insurance also provides cover for another 34 medical conditions such as Major Brain Injury, Multiple Sclerosis, Parkinson’s Disease, Blindness, Paraplegia and Dementia.

Our PDS contains details of the listed medical conditions (known as Trauma Events) and their definitions. A medical condition suffered must meet the medical definition in the relevant PDS for cover to be provided. Our PDS also contains policy conditions, waiting periods and applicable exclusions.

Trauma Insurance payments are not considered to be income replacement and the premiums payable are generally not tax-deductible according to the Australian Taxation Office (ATO). However, payments received through your policy will generally be tax-free. Trauma Benefit payments are also generally exempt from capital gains tax if paid to the policy holder or a specified relative.

At NobleOak you can apply for cover providing you are an Australian resident and aged between 18 and 59. Our cover is priced using stepped premiums which means your premiums will increase annually in accordance with your age. Eligibility for cover is also subject to an underwriting process.

NobleOak’s comprehensive cover gives you the option to add Trauma to an existing Life Insurance policy. In doing so, any approved claim for Trauma will lower the Life Insurance cover by the sum of the Trauma payment. If you apply for and obtain stand-alone Trauma Insurance, any claim paid will not affect the sum insured under your Life Insurance policy.

Visit our FAQ page to find out more information on NobleOak’s Trauma Insurance product. The insurance is subject to the terms and conditions in the PDS which contains the relevant information including any exclusions.