Life Insurance Awards 2025: Best-Value Direct Life and Trauma Insurance
Budget Direct has been named Money's Best-Value Direct Life and 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.
While many Australians would be familiar with life cover, which pays a lump sum to your beneficiaries if you die, trauma insurance may be less well understood.
It pays a lump sum if you suffer a critical illness or serious injury such as cancer, a heart condition or a stroke. It differs from total and permanent disability (TPD) insurance, which provides a lump sum if illness or injury mean you can't work again.
"Life cover can play an important role in protecting a family's financial wellbeing," says Jonathan Kerr, chief growth officer at Budget Direct.
"It's about protecting your family's future and ensuring they have the resources to manage finances, clear debts and maintain their lifestyle in your absence."
He adds that trauma cover is about giving people peace of mind to focus on recovery.
"It provides a financial cushion to help cover the costs of treatment, rehabilitation and lost income, allowing individuals to focus on getting better without financial stress."
Kerr says Budget Direct is committed to providing Australians with affordable life insurance without sacrificing quality.
"We achieve this by leveraging a unique combination of factors, including our partnership with NobleOak Life, our efficient operating model
and our strong brand presence."
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