1300 041 494
Search Icon
MENU

Trauma Insurance

Protect your family with NobleOak

Customers Rate Us 4.6 Based on 365 service ratings over the past year

What is Trauma Insurance?

Trauma Insurance, also referred to as Critical Illness Cover, is one of several Life Insurance products available at NobleOak. It provides a one-off payment if you are diagnosed with one of the 38 serious medical conditions listed under NobleOak’s Trauma Cover (the listed medical conditions and their definitions are contained in the Product Disclosure Statement (PDS)). This payment can help to ease financial pressures and allow you to take time away from work and focus on your recovery.


Get a Quick Quote

Maximum Cover Level

$2,000,000 Learn more

NobleOak’s Premium Life Direct products include comprehensive Trauma Insurance cover of up to $2,000,000. This cover pays a lump sum benefit on the diagnosis of one of the 38 listed medical conditions under NobleOak Trauma cover.  Trauma Insurance is available as an optional extra with Life Insurance or stand-alone cover.

Where Trauma Insurance is taken with Life Insurance, any claim paid will reduce the remaining Life Insurance cover amount by the amount of the Trauma Benefit paid. For stand-alone Trauma Insurance, any claim paid will have no impact on any other insurance cover you hold with NobleOak.

Maximum Entry Age

59 Learn more

To be eligible for Trauma cover, you must be an Australian resident and aged between 18 and 59. Our Trauma cover is priced using stepped premiums which means your premiums will increase each year in line with your age and CPI (where your monthly benefits are indexed to keep pace with inflation).

Guaranteed Renewable Age

70 Learn more

Provided you pay your premiums as they fall due, NobleOak guarantees to renew your Trauma cover each year up to the age of 70. Your Trauma Insurance cover will not be cancelled, nor will your premiums be increased due to any future change in your state of health, lifestyle, occupation or pastimes.

Financial Advice Benefit

$2,000 Learn More

We appreciate that you may need to seek professional financial advice to ensure that the proceeds of a Trauma claim payment provide you with appropriate financial security. With this in mind, we will reimburse the cost of engaging a qualified and licensed financial adviser, (up to $2,000) if required, to prepare a financial plan for you when we pay a Trauma claim in excess of $200,000.

Indexation Protection

Help protect you against inflation Learn more

To help protect you against inflation, your Trauma cover sum insured will increase each year using the Consumer Price Index. Your premiums will be adjusted accordingly with these increases.

Cover with Global Backing

Backed by a leading global reinsurer Learn more

NobleOak’s products are backed by Hannover Life Re, a leading global reinsurer. We are also an APRA-regulated Life Insurer with a history dating back over 140 years.

Dedicated Claims Support

A dedicated claims consultant that will support you throughout the process. Learn more

Dedicated Claims Support

If you or your family need to make a claim you’ll be assigned a dedicated claims consultant based here in Australia. This consultant will support you throughout the claim process.

Affordable

At NobleOak, you buy direct from your insurer making it more affordable. Learn more

Affordable

At NobleOak, you buy direct from your insurer. That means that you are not paying commissions to an Adviser. Save an average of 20% with NobleOak*

Life Insurance Company of the Year

NobleOak has won two more prestigious awards. Life Insurance Company of the Year at the RFi Group Australian Insurance Awards for 2018 and the Strategic Insight – Overall Direct Life Insurance Excellence Award for 2019.

Get a quote

Frequently Asked Questions

What is Trauma Insurance?

Trauma Insurance, also referred to as Critical Illness Cover, is one of several Life Insurance products available at NobleOak. It provides a one-off payment if you are diagnosed with one of the 38 serious medical conditions listed under NobleOak’s Trauma Cover (the listed medical conditions and their definitions are contained in the Product Disclosure Statement (PDS)). This payment can help to ease financial pressures and allow you to take time away from work and focus on your recovery.

What conditions does Trauma Insurance cover?

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.

Is Trauma Insurance tax deductable?

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.

Am I eligible to receive Trauma Insurance in Australia?

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.

Can I apply for Life and Trauma Insurance together?

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.

Need Help?

To find out more about our products and services, call to speak a friendly representative or schedule a call when it’s convenient for you.

Terms and Conditions

View T&C's

*Average Saving on Life Cover

The 20% savings quoted are the average savings when comparing NobleOak’s premiums for its Term Life cover under NobleOak’s Premium Life Direct product to the average cost of Term Life insurance products offered by other Life Insurance companies, including products available directly from the insurer (7 products included in this comparison) and those available for purchase through a financial adviser or broker (7 products included in this comparison).

Based on premium rates available as at September 2019, Plan for Life has calculated that for Term Life, Noble Oak’s Premium Life Direct product is on average 46% lower than other comparable Direct Offerings (using an analysis of 7 products, Male and Female non-smoker White Collar workers with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 60).

Plan for Life has also calculated that for Term Life, Noble Oak’s Premium Life Direct product is on average 13% lower than Advised Offerings (using an analysis of 7 products, Male and Female non-smoker White Collar workers with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 60 for Advised products).

Life Insurance rates for insurers, including NobleOak, may change in the future and this could change the outcome.

Plan for Life (Actuaries and Researchers) is the leading independent supplier of Australian Life Insurance and Managed Funds market information, relied upon for over 20 years by the leading life offices, analysts, dealer groups and government bodies.

If you wish to see the comparison tables and how our premiums compare to Direct and Advised products, please click here.

**First Month Free.

The first month free offer is available if you apply for cover before 30th June 2020. If you apply for cover before 30th June 2020, you will not start paying premiums until one month after the commencement date of the cover. This offer is available once only per new customer and may not be used in conjunction with any other offer.

Product Disclosure Statement

Download PDS

Life Insurance Calculator

Get Started

*Average Saving on Life Cover

The 20% savings quoted are the average savings when comparing NobleOak’s premiums for its Term Life cover under NobleOak’s Premium Life Direct product to the average cost of Term Life insurance products offered by other Life Insurance companies, including products available directly from the insurer (7 products included in this comparison) and those available for purchase through a financial adviser or broker (7 products included in this comparison).

Based on premium rates available as at September 2019, Plan for Life has calculated that for Term Life, Noble Oak’s Premium Life Direct product is on average 46% lower than other comparable Direct Offerings (using an analysis of 7 products, Male and Female non-smoker White Collar workers with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 60).

Plan for Life has also calculated that for Term Life, Noble Oak’s Premium Life Direct product is on average 13% lower than Advised Offerings (using an analysis of 7 products, Male and Female non-smoker White Collar workers with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 60 for Advised products).

Life Insurance rates for insurers, including NobleOak, may change in the future and this could change the outcome.

Plan for Life (Actuaries and Researchers) is the leading independent supplier of Australian Life Insurance and Managed Funds market information, relied upon for over 20 years by the leading life offices, analysts, dealer groups and government bodies.

If you wish to see the comparison tables and how our premiums compare to Direct and Advised products, please click here.

**First Month Free.

The first month free offer is available if you apply for cover before 30th June 2020. If you apply for cover before 30th June 2020, you will not start paying premiums until one month after the commencement date of the cover. This offer is available once only per new customer and may not be used in conjunction with any other offer.