What is a Product Disclosure Statement (PDS) and why it matters
A PDS is one of the most important documents you'll receive when taking out insurance. Here's how to read one and what to look for.
Trauma insurance (also called critical illness cover) pays a lump sum on diagnosis of a listed medical condition.
Commonly covered conditions
- Cancer of a specified severity
- Heart attack
- Stroke
- Coronary artery bypass surgery
- Major organ transplant
Why the definitions matter
Each condition has a precise medical definition in the PDS. Two policies may both "cover cancer" but define the required severity differently, which affects whether a claim is paid.
Check both the list of conditions and the exact definition of each in the relevant PDS.
You can download trauma PDS documents from our library to compare covered conditions side by side.