Critical illness insurance is the same product as trauma cover in NZ — the names are interchangeable. This page is the short version; the full guide lives at /guides/ultimate-trauma-insurance-guide/.
"Critical illness insurance" and "trauma cover" are different marketing labels for the same NZ retail product. Some insurers prefer one term, some the other; the underlying cover structure (defined-list conditions + lump sum on diagnosis) is identical.
Anyone whose dependants, mortgage, or self-employed income would be disrupted by a serious illness diagnosis. The lump sum covers gaps the public system + ACC + health insurance don't fill: time off work, treatment not on Pharmac, home modifications, mortgage break costs.
Most NZ retail trauma / critical-illness policies cover ~40 conditions. Definitions and partial-payment percentages vary widely between insurers. Pharmac-funded treatment is universal in NZ, which changes the relative value of critical illness cover compared to, say, the US or UK where treatment cost is the dominant driver.
Operated by Evolve Group Limited (FSP711891), an FMA-licensed Financial Advice Provider.
A licensed adviser will walk you through the structure + sum-insured decision.
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