OnePath Trauma Insurance

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OnePath Insurance products are all offered under their OneCare Plan. Please refer to the Product Disclosure Statement for further details.

Guaranteed upgrade of benefits

OnePath will automatically add any future improvements they make to any of the benefits available under the OneCare policy to your existing policy, if they do not result in a premium increase. Any improvements will apply to future claims.

Overview

OnePath Trauma Cover provides a one-off payment or regular monthly benefit, if you suffer from a listed condition including cancer, heart attack, coronary artery by-pass surgery or stroke. Benefits of this cover will be paid to the policy owner and can be used to pay your medical expenses and treatment costs. You could also use it to pay off your debts, go on a holiday or even to make a permanent lifestyle change such as reduced working hours.

Choice of two cover types

When applying for Trauma Cover you need to choose between Comprehensive and Premier. The type of cover you choose will affect the cost of your premiums and when the amount insured will be payable.

  • Trauma Comprehensive – provides cover for 44 specified trauma conditions.
  • Trauma Premier – provides cover for 55 specified trauma conditions. OnePath will pay partial payments for the additional 11 conditions.

Built-in benefits

The following benefits are built into the Trauma Cover Plan:

Trauma Benefit

If the life insured suffers one of the specified trauma conditions covered, OnePath will pay the full or partial amount insured depending on the condition. To receive this benefit, the life insured must survive 8 days without life support after the date of occurrence or diagnosis of the trauma condition. This survival period is in addition to any time requirement which is specified within the definition of the trauma condition.

Limited Death Benefit

This benefit applies to stand alone Trauma Cover and Trauma Cover with optional TPD cover. If you die and the trauma benefit is not payable, OnePath will pay $10,000 to ensure immediate expenses such as funeral costs can be taken care of.

Accommodation Benefit

If a medical practitioner certifies that the life insured must remain confined to bed due to terminal illness, OnePath will reimburse accommodation costs for an immediate family member of up to $150 per day for a maximum of 14 days.

Financial Advice Benefit

If OnePath pays a trauma claim, they will reimburse you up to $2,000 for the preparation of a financial plan by a financial adviser.

Built-in features

The following features are built into the Trauma Cover Plan:

Life Cover Buy Back

This feature applies to Trauma Cover taken with Life Cover only. If a Trauma benefit is paid, your Life Cover amount insured will be reduced by the same amount. Life Cover Buy Back allows you to reinstate your life cover to its original level 6 or 12 months after a claim, depending on the condition claimed, without having to provide medical evidence.

Auto Conversion

At age 70, OnePath will automatically convert your Trauma Cover to TPD Cover with a Non-working definition which provides basic coverage at an affordable price.

Indexation

To ensure your Trauma Cover keeps up with the cost of living, OnePath will automatically increase the amount insured each policy anniversary by 5% or the Consumer Price Index (CPI); whichever is the greater.

Future Insurability

OnePath will allow you to increase your level of cover without having to supply medical evidence when significant personal events occur such as marriage, the birth of a child or when you take out a mortgage/increase your mortgage. Cover may be increased once in any 12 month period. The amount available for increase will depend on the type of event.

Premium Freeze

If you choose stepped premiums, you will be able to freeze the amount of your premium (excluding the Policy Fee) for your life cover so that it does not increase in future years. The amount insured will generally reduce at each policy anniversary to an amount that could be purchased by the amount of the frozen premium. You can freeze your premium at the start of your policy or within 30 days of any policy anniversary date. You can unfreeze your premiums on a policy anniversary by applying in writing to OnePath.

Additional options

The following options are available at an additional premium cost:

  • Double Trauma Option
  • Life Cover Purchase Option
  • Trauma Cover Reinstatement Option
  • Premium Maximiser Option
  • Baby Care Option
  • Premium Waiver Disability Option

Benefits at an additional cost

Extra Care Cover options

You can increase your protection by adding up to three additional benefits to your Trauma Cover – Terminal Illness, Extended Needle Stick and Accidental Death Benefits:

  • Terminal Illness Benefit
  • Extended needle Stick Benefit
  • Accidental Death Benefit

Contact OnePath Insurance

Call: 133 667
OnePath Website: www.onepath.com.au