Pays a tax-free lump sum on diagnosis of major medical events such as heart attack stroke and cancer as opposed to term life which is basically death insurance.
This can provide sufficient funds to have extended periods of time off work to enable you to get better or enable you to make modifications to your home or seek medical treatments overseas that may not be available in Australia. You won’t have to worry about money and will be able to concentrate on getting better.
Child medical recovery insurance
The insured benefit is paid as a tax-free lump sum on diagnosis of major childhood illnesses and will give you a sum of money that can assist with medical bills or allow you to take time off from work to spend with your sick child.
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