Total and Permanent Disability (TPD) insurance is also paid as a lump sum and covers for serious and permanent disability.  TPD insurance can be added as an optional extra to a life insurance to help reduce costs or it can be a “stand alone” policy.

Trauma insurance 

Trauma or “critical illness” insurance provides a lump sum if you are diagnosed with a specified medical condition (like cancer or heart attack).  The number of conditions may vary from each product.  This benefit is payable while you are still alive – after diagnosis and before death.  This cover is designed to help alleviate some of the stress involved with the medical costs and may be used to reduce the financial burden of personal debt.