Benefits of major illness insurance
Major illness insurance protects those who experience a sudden illness. It’s a sad fact
of life that even seemingly healthy people can be struck down with cancer, a heart
attack or suffer a stroke. No-one plans to suffer a major illness – it just happens.
Immediate family members can benefit from major illness plan. Those who have been
through it say "when one family member has a major illness the whole family suffers.
Lives are put on hold – jobs, holidays, school – it's all impacted."
If your family are dependant on your salary, it may be a while before you’re well
enough to be at work full time and earning a full wage. How could you continue to
pay the mortgage or rent? What about the household bills and weekly shopping or
school fees? If you are incapacitated, who will replace what you do for your family?
With a Major Illness Plan, insured by TOWER Australia Limited (ABN 70 050 109 450),
you’ll receive a lump sum of up to $100,000 on diagnosis of a covered major illness.
Whether you to put it towards medical expenses or choose to take a well-earned break
with the family, you’ll have the freedom and flexibility to make your own decisions
during this stressful time.
A Major Illness Plan can help protect you and your family while you get back on your feet. It takes just minutes to apply and is affordable, flexible and easy as.
- All permanent Australian residents aged 16 to 55 are welcome to apply.
- Generally no medical examination is required. Easy as.
- Cover starts from $2.95 per week - for around the cost of a cup of coffee every week you can apply for some level of cover. Get a quote.
- Pays out up to $100,000 on diagnosis of one of 6 major illnesses - cancer, heart attack, stroke, coronary bypass surgery, paralysis and permanent incapacity. A lump sum payout when you need it most*.
- Your Plan also pays out in the event of death due to any cause, including all illnesses and accidents (but excludes self-inflicted injury at any time, and suicide in the first 13 months).
- Single or Couples plans – add your partner to your policy and enjoy a 10% discount off their premium.
- You’re in control - flexible payments let you choose to pay premiums fortnightly, monthly or quarterly, on any day of your choice, by credit card or direct debit to suit your pay cycle.
- A 90-day waiting period means certain claims are not payable if the major illness occurred or was diagnosed, or the circumstances leading to the diagnosis became apparent, in the first 90 days of cover.
- We believe so strongly in the benefits and value of our products that we offer a 30-day money back guarantee so you can be sure of your decision.
* A 90 day waiting period applies for most insured major illnesses. Refer to the Product Disclosure Statement for details of the major illnesses covered under the Plan