At A Glance:

  • Personal Risk Insurance protects you and/or your family against untoward events.
  • Types of personal risk insurance offered by Aspect Underwriting.


The only thing you can do to ensure good luck is to hope for it. Yet, are you insured for the things that matter most to you?

You can protect yourself and your family from the financial impacts of serious illness, disability, or death with the help of personal risk insurance.

The purpose of Personal Risk Insurance is to protect you and/or your family in the event of an untoward event. Being able to remain financially stable during an emotional time because debts, daily living expenses and lifestyle costs will be taken care of, thus alleviating financial pressure.

For you to be adequately protected, specialist insurance providers can help you determine what type of cover is best for your needs and how much is sufficient.

A wide range of options are available for consideration, so we will help you to determine the potential benefits as well as the suitability of each option.

There are a number of types of personal risk insurance available, including:

  • Total & permanent disability (TPD) Insurance
  • Trauma or Critical Illness Insurance
  • Income Protection Insurance


Total & permanent disability (TPD) Insurance:

As the name suggests, total and permanent disability insurance, or TPD insurance for short, is a type of insurance product that pays you a lump sum amount if you become totally and permanently disabled due to an illness or injury. A total permanent disability is one that completely prevents the insured person from attending to their usual or any occupation, lasts at least twelve months, and won’t improve by the end of that time.

Having total and permanent disability insurance can be a valuable source of financial security for you and your family if you are unable to work due to a physical or mental disability. There is no restriction on how you can use the lump sum benefit from the policy, so you can use it however you like. That said, the common uses are; to replace your lost income; pay off your mortgage; pay for rehabilitation costs; or even modify your house to make it more accessible.

With Aspect TPD Insurance, the insured is covered comprehensively and receives great value for his or her money. If you are employed or unemployed at the time of your disability, your payment is determined by the assessment of your disability against your ability to perform your daily tasks.


Trauma or Critical Illness Insurance

A trauma insurance policy, also known as Critical Illness Insurance, provides a lump-sum payout in case a defined critical medical condition occurs. A total of 11 critical illnesses are covered under and Aspect Trauma policy, including heart attack, coronary bypass, cancer, and stroke.

Having a critical illness can be stressful for you and your family financially as well as emotionally. There is no way to predict injuries and illnesses, and they can fall on us without any warning. With Aspect’s Trauma Insurance quote, you can get a lump sum payment upon diagnosis to help cover medical expenses and other immediate expenses.

Again, as a policyholder, you are free to spend the benefit as you see fit. Common examples of the way people utilise their benefit are; to cover medical expenses or you may choose to take a holiday to help you recover.


Income Protection Insurance

Income protection insurance is a type of insurance that replaces the majority of your income if you’re unable to work temporarily due to an illness or injury.

The benefit of income protection can be particularly important for people who are the sole income earners in their families, regardless of whether they have any dependents as well. Having people who rely on your income reduces the amount of financial pressure that arises for them and for yourself if you become ill or injured and are unable to work due to your illness or injury.

There are several online income protection insurance quote providers in Australia, but Aspect Underwriting is one of the best. It does not matter what your occupation is, this policy will cover most of them, and it will allow you to receive 85% of the income that you had before you were disabled. This financial protection ensures that even if you cannot work, the lifestyle you have worked so hard to achieve for you and your loved ones can be maintained.



When you choose Aspect Underwriting, you get a team that’s dedicated to providing personal risk products that are flexible in design, so you can select the cover that’s right for you.  

Mike Wallis

Mike has over 25 years experience, having spent his first seven years working as a Broker at Jardine Lloyd Thomson in Melbourne and in 2002 was transferred to JLT’s Accident and Health Department in London. For four years (2002 – 2005) Mike was a specialist A&H Lloyd’s Broker and during this time developed excellent relationships with the Lloyd’s A&H underwriting fraternity. In 2006 he returned to Australia in a senior broking position with overall responsibility for Placement Strategy, including the implementation of underwriting facilities and the various authorities granted by Lloyd’s. Mike was the underwriter at two specialist Underwriting Agencies prior to founding Aspect Underwriting in 2016.