Trauma cover or income protection — which is right for you? While they may sound similar, they serve different purposes. Trauma cover pays a lump sum upon diagnosis of a specified serious illness, helping with medical costs, debts, or lifestyle adjustments. Income protection, on the other hand, replaces a portion of your income if you’re unable to work due to illness or injury, providing ongoing financial support during recovery.

Choosing one or both depends on your personal circumstances, goals, and financial commitments. Because policy definitions and benefits vary, seeking guidance from a trusted adviser can help you make an informed decision and ensure your cover truly protects what matters most.

Read more: Trauma Cover & Income Protection: Do You Really Need Both?