TRAUMA INSURANCE

Trauma insurance, also known as critical illness insurance, provides a lump-sum payment upon diagnosis of specified critical illnesses or experiencing traumatic events. Unlike traditional health insurance, trauma insurance goes beyond covering medical expenses, offering financial support for lifestyle adjustments, rehabilitation costs, and other needs during recovery.

The specific critical illnesses covered can vary among insurance providers, but common inclusions are cancer, heart attack, stroke, organ transplant, and other major medical events. It's crucial to carefully review the policy to understand the list of covered conditions, as well as any exclusions or limitations that may apply.

The lump-sum payment is typically disbursed upon the diagnosis of a covered critical illness or the occurrence of a specified traumatic event. Policyholders can use the funds at their discretion, whether to cover medical expenses, rehabilitation costs, lifestyle adjustments, or any other financial needs arising from the health crisis. The flexibility of use provides individuals with the autonomy to address their unique circumstances.

While health insurance covers medical expenses, trauma insurance goes further by providing a lump sum to address various financial needs during recovery. It can help bridge income gaps due to medical leaves, cover non-medical expenses, and offer peace of mind during challenging times. Trauma insurance complements health insurance, offering a more comprehensive financial safety net in the face of critical illnesses and traumatic events.