Trauma cover provides you with a lump sum payment if you are diagnosed with a specified medical condition or serious injury, or undergo a medical procedure outlined in your policy. Cancer represents a large portion of trauma payouts in the insurance industry. Considering the following statistics about the disease, the importance of having adequate trauma cover is clear to see.
A report recently conducted by the Australian Institute of Health and Welfare revealed the following key findings:
- It is estimated that one new cancer case will be diagnosed every four minutes in Australia in 2017.
- The Cancer in Australia report estimates more than 134,000 new cancer cases will be diagnosed in Australia this year – almost three times the number of cancers diagnosed in 1982.
- More than 994,000 Australians are alive today after being diagnosed with cancer in the previous three decades.
- Overall, Australians diagnosed with cancer have a 68 per cent chance of surviving for at least five years, compared to the general population – and we expect survival overall to continue to improve.
- The report estimates more than 47,753 Australians will die from cancer this year alone – an average of 131 people every day.
- Lung cancer is expected to be the leading cause of cancer death in both males and females in 2017 – followed by prostate cancer in males and breast cancer in females.
- Compared with major cities, people living in very remote areas of Australia are 1.2 times more likely to die from all cancers combined.
If you would like to discuss taking out trauma insurance call us on (03) 5559 7111.