Life Insurance Awards 2025: Best-Value Direct Trauma Insurance

Budget Direct has been named Money's Best-Value Direct Trauma Insurance as part of the 2025 Life Insurance Awards.

• Find out more about the inaugural Life Insurance Awards.
• Order your copy of the April awards issue.
• Check out more winners.

Trauma insurance from Budget Direct pays a lump sum from $50,000 to $2 million if you are diagnosed with one of 37 serious medical conditions, including certain types of cancer, a heart attack or a stroke.

Jonathan Kerr, chief growth officer at Budget Direct, says trauma cover is becoming a more common choice for Australians.

"It provides a financial safety net that can help individuals and families navigate the challenges of a serious illness without the added burden of financial stress."

Kerr says Budget Direct has seen a significant increase in the number of customers opting for trauma cover.

"In fact, a reasonable percentage of our life insurance policy holders also hold trauma cover, demonstrating the growing demand for this type of protection," he adds.

A Budget Direct trauma insurance payout can be spent in whatever way you choose.

The maximum age for anyone wanting to take out a new trauma policy with Budget Direct is 59.

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