"Recovery Money": OneCare Trauma Cover and OneCare Total & Permanent Disablement Cover

OneCare Trauma Cover and OneCare Total & Permanent Disablement Cover protect you from the devastating financial consequences of serious illness or injury. They are both lump sum insurances, and in some cases they cover the same conditions. However, there are important differences between them:

• Trauma insurance covers a specified list of conditions and pays a benefit even if you are still able to work.
• TPD provides cover for any illness or accident which leaves you permanently disabled or unable to work.

OneCare Trauma

You can apply for a OneCare Trauma Cover policy up to age 65, and your policy will expire once you reach age 70. You may be able to convert your trauma policy into 'non-working' TPD cover at that point, with a maximum benefit of $3,000,000.

There are two levels of OneCare Trauma cover available, 'comprehensive' and 'premier'. Premier policies cover a number of additional trauma events, and also offer partial payments of up to $100,000 for some conditions such as a minor heart attack or limited burns. There is also a 'premier maximiser' option which allows you claim double the benefit amount if you qualify for a partial payment.

OnePath offers an additional, extra-cost option for female customers, which allows you to add 'baby care' cover to your trauma policy to protect you in the event of pregnancy complications, congenital abnormalities or infant death.

Your trauma cover can be held as a standalone policy or linked with your OneCare TPD or other OneCare life insurance policies.

OneCare Total & Permanent Disablement

OneCare offers four types of TPD cover, and your choice of policy will dictate how much your premiums are and the circumstances in which you can make a claim. 'Any occupation' and 'own occupation' TPD insurance offer you cover which is linked to your ability to earn income after your accident or illness. If you need to make a claim under your 'home-maker' or 'non-working' TPD cover you will be assessed on the extent of your disability and whether you can still perform the normal activities of living.

You can also take out TPD cover through your business if you are self employed or are one of the owners of a small company or partnership. OneCare Business TPD cover is a form of key person insurance which allows you to protect your business against the long term financial implications of losing the income you generate for it.

OneCare own occupation, any occupation and home-maker TPD cover will expire once you reach age 65, but you may be able to convert your policy into non-working TPD insurance which offers cover until age 100.

For full details of the OneCare range of life insurance products you can download the Product Disclosure Statement here.