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Additional cover for accidents, traumatic injuries and hospitalisation – 4 things you should read

Additional cover for accidents, traumatic injuries and hospitalisation – 4 things you should read

Whilst many of us spent the last couple of years indoors more, life has not been without it’s hazards. According to NHS data shared earlier in January, during 2020/21 thousands of people have required hospital treatment as a result of accidents and injuries. Whilst some of these sound almost comical, including elderly people hospitalised after falling from playground equipment, the data does serve to highlight that many of us face the risk of injury on a daily basis. Protection insurance such as income protection and critical illness are typically thought of as providing cover for serious, in some cases life-changing illness. However increasingly insurers are providing additional protection for traumatic inuries, accidents, fractures and hospital stays. In this round up we bring you four insights highlighting some of these benefits included on protection plans.  

WHICH INSURERS INCLUDE TRAUMA BENEFIT ON INCOME PROTECTION PLANS?

Trauma benefit is an additional cover some insurers include within their income protection plans, that will pay a lump sum if the client suffers one of a number of traumatic injuries (regardless of how they are sustained). In this insight we looked at who offers trauma benefit and what cover is provided.

To read more click here

WHICH INSURERS OFFER FRACTURE COVER AND HOW DO THEY COMPARE?

Fracture cover is offered by an increasing number of insurers, providing a lump-sum payout, in addition to the core cover, if the client suffers one of a number of fractures, and in some cases ligament tears, dislocations and tendon ruptures. In this insight we looked at how each providers fracture cover compares and whose is the best. 

To read more click here 

HOW INCOME PROTECTION PROVIDERS HELP WITH A HOSPITAL STAY

Hospitalisation benefit is included by some insurers on income protection plans, to provide a daily payment if the client is hospitalised as a result of illness or injury, for a certain number of days during the defer period. This extra financial support could be essential in protecting the client and covering any costs before their core benefit kicks in. In this insight we looked at hospitalisation benefit in more detail, who offers it and how they compare. 

To read more click here

WHAT COVER DO CRITICAL ILLNESS PLANS PROVIDE FOR ACCIDENTS AND HOSPITALISATION?

A serious accident can have a massive impact on a client’s life where they face a long stay in hospital or being permanently disabled due to the injuries they have sustained. In this insight we looked at what financial aid critical illness insurers provide following a serious accident.

To read more click here

About The Author

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Rob Harvey supports Protection Guru in it’s detailed research & benchmarking of protection products and features. He works alongside the team in helping drive product innovation and improvements with insurers and engages with adviser firms in ensuring they have the right tools & resources at their disposal to deliver the best protection advise. Prior to joining Protection Guru Rob spent 9 years at protection specialists Drewberry, where he worked as an adviser, learning & development manager and finally head of health & protection. In his spare time and when not out enjoying the pubs & bars of Brighton, Rob collects vintage clothing, is an historic motor racing enthusiast and avid country walker.

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