The three main claimable events for trauma cover are cancer, heart attack and stroke. Statistically, you have a 1 in 3 chance of suffering from one of these events in your lifetime.

Here are some of the main reasons why someone might consider getting trauma cover:

1. Financial protection: Trauma cover can provide financial protection in case you are diagnosed with a serious illness or suffer a traumatic event. The lump sum payment can be used to cover medical expenses, pay off debts or mortgages, or provide income replacement if you are unable to work.

2. Access to medical treatment: With trauma cover, you may have access to medical treatments that may not be covered by Medicare or private health insurance, or that may not be available in Australia.

3. Customizable policies: Trauma cover policies can be tailored to your individual needs, allowing you to choose the level of coverage and benefits that suit your circumstances.

4. Peace of mind: Trauma cover can provide peace of mind that you and your family will be financially protected in case of a serious illness or traumatic event.

5. Tax benefits: The lump sum payment received from a trauma cover policy is generally tax-free, which means you can use the entire amount to cover your expenses.

It's important to note that trauma cover policies can vary in terms of their coverage and benefits, so it's important to do your research and choose a policy that meets your specific needs and circumstances. Additionally, trauma cover is not a substitute for private health insurance, which covers ongoing medical expenses and hospital treatments.