Personal risk insurance protects you and your family financially in the event of death, injury or illness. It is difficult enough when someone close to you passes away or suffers a disability due to injury or illness. The last thing you need to be worrying about is money. We can help you find the right level of protection for you and your family.
There are four types of personal risk insurance.
Income Protection insurance
Income Protection insurance pays you a monthly income in the event you are unable to work due to injury or illness.
Life Insurance
Life insurance pays your estate or nominated beneficiary a one-off lump sum in the event of your death and in some cases, diagnosis of terminal illness.
Total and Permanent Disability (TPD) insurance
Total and Permanent Disability (TPD) insurance pays you a one-off lump sum in the event you are disabled to the point of never being able to work again.
Trauma Insurance
Trauma insurance pays you a one-off lump sum in the event you are diagnosed with, or suffer, a specific traumatic illness or event. For example, heart attack, stroke, cancer or paralysis.
Source: CommInsure