The Value of Trauma Insurance

 The Value of Trauma Insurance

 A major Trauma Insurance claim is for Breast Cancer in Women, and even in some men.

 

What’s breast cancer?

 Breast cancer describes a growth of abnormal and potentially harmful cells in breast tissue, which could result in the development of a ‘malignant’ tumour or tumours.  

When they become malignant, the abnormal cells start to multiply quickly, with the potential to invade and destroy surrounding healthy tissue and also spread elsewhere in the body.  

This can cause severe illness and even death in a proportion of affected people, mainly women, although men can develop this cancer as they also have breast tissue.

 

Ten facts about breast cancer in Australia:

 1. Breast cancer is the third most-commonly diagnosed cancer in Australia.

 2. The number of new cases has continued to increase in recent times.

 3. 14,568 new cases were diagnosed in 2011, most of them in women, although 103 men were also affected.

 4. The number of new cases increased in 2015 with approximately 15,740 cases, including 145 in men.

 5. Breast cancer is expected to make up 12.4 per cent of all new cancers diagnosed in in the near future.

 6. Death rates have consistently improved since 1968, reaching their lowest level in 2012.

 7. People diagnosed with breast cancer from 2007-11 had a 90 per cent chance of surviving for at least five years, relative to survival in the general population.

 8. Health system spending on breast cancer was approximately $237 million during 2008-09.

 9. According to a study commissioned by the Cancer Council, the lifetime economic cost of breast cancer was estimated at $653,600 per affected person in 2005.

 10. Breast cancer recently accounted for just over 50 per cent of claims paid to customers of Trauma and Income Protection products.

  

Key Messages:

 1. Breast cancer is the third most-commonly diagnosed cancer in Australia.

 2. Breast cancer is expensive – it has a substantial lifetime economic impact on Australian women, the population group predominantly affected by this disease.

 3. Trauma insurance will pay out a lump sum on diagnosis of a major trauma condition.