risk insurance blindness

The EYES have it

Access Economics in 2004 estimated the total cost of vision disorders in Australia was almost $10 billion – I wonder 8 years on how much it is costing the community.

According to ABS data (209) there were 20,000 Australians that were totally blind and another 280,000 with substantial vision impairment.  It is estimated that in the next 15 years that over 420,000 people will be vision impaired.

Although vision impairment and blindness are among the leading disabilities in Australia trauma and TPD cover can be taken out for the loss of sight in one or both eyes.  So prior to discussing insurance let’s deal with some preventable causes.  Firstly, when performing high risk activities such as welding or grinding eye protection is vital.  This eye protection must be correctly fitted and worn at all times.  Not surprisingly, this kind of work performed at home carries a significant risk so the lesson is better to be safe than sorry.

Some insurers will pay a full benefit for loss of sight that is permanent in both eyes.  Under TPD policies a benefit may also be payable for partial and permanent disability.

Similarly, many income protection policies provide cover if an insured is unable to work due to injury or sickness relating to an eye trauma or disease.