TAL Trauma Insurance

Critical Illness Insurance

TAL Life Insurance products are all offered under their Accelerated Protection Plan. Please refer to the Product Disclosure Statement for further detail.

Over view

Critical Illness Insurance cover pays a lump sum if you are diagnosed with a medical condition such as cancer, heart attack or stroke. It is for anyone who would face financial hardship if they were to suffer a critical illness.

Built-in Benefits

The following benefits are built into TAL’s Critical Illness insurance plan:

Critical Illness Benefit
A lump sum payment for a range of medical conditions. For some conditions, TAL will pay less than 100% of the Benefit Amount.

Paralysis Support Benefit
TAL will double the lump sum payment, to a maximum of $2,000,000 if the Life Insured becomes paralysed.

Death Buy-Back Benefit
An option to repurchase your Life insurance after the payment of 100% of Critical Illness insurance.

Inflation Protection Benefit
An annual automatic increase to your cover in line with Consumer Price Index or not less than 5%. Increased cover affects your premium, so you have the option to remove this benefit.

Premium Freeze Benefit
Your premiums stay the same by reducing your cover each year. This is available from the Life Insured’s 30th birthday on stepped premium policies only.

Guaranteed Future Insurability Benefit
Increase your cover without providing additional health information after significant life events such as marriage, having a baby or taking out a mortgage for your own home.

Financial Planning Benefit
TAL will reimburse up to $1,000 for professional financial planning advice if you receive a claim payment.

Accommodation Benefit
Accommodation costs of an immediate family member will be met, up to $150 per day and for a period of up to 14 days, if TAL pay the Critical Illness Benefit and the Life Insured is confined to bed more than 100km away from home.

Advancement Benefit
An advance payment to cover immediate expenses if the Life Insured experiences one of the events listed as an Advancement Benefit Events. Payment of this benefit reduces your Critical Illness Benefit by the amount paid.

Female Critical Illness Benefit
TAL will pay an early payment of 20% of your Benefit Amount (to a maximum of $50,000) for conditions including Pregnancy Complications and Congenital Abnormalities events. Payment of this benefit reduces your Critical Illness Benefit by the amount paid.

Benefits at additional costs

The following benefits are available at an additional cost: