Sovereign Essentials Keypoints

Calculators

Needs Calculators
Quote Calculators

Policy Wording

Essentials Umbrella
Life Benefit
Critical Illness
TPD Benefit
Income Protection

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Sovereign Essentials Insurance has the flexibility to provide cover for a variety of needs at an affordable cost.

Cover can be provided on a single or joint life basis.
Full details of the benefits are provided on this site, including complete policy wording.

Benefits Available

Benefit Options

Level
CPI Linked

Please note that for Total Permanent Disablement and Critical Illness Benefits, the indexation option selected under the Life Cover Benefit applies.

Cash Value

Nil.

Charges

No payments are required or will be deducted until the policy has been underwritten and any Terms or Exclusions included in a Letter of Offer is accepted by you. Under the Consumers Guarantee act you are also entitled to a 15-day free look.

Entry Age

All Benefits: 16 to 55

Lapses

If 3 months' premiums missed.

Lives Assured

Maximum of 2 lives assured.

Method Of Payment

Direct Debit
Credit Card (Visa or MasterCard)

Minimum Premium Contribution

$15.00 per month.

Premium Frequency

Monthly
Fortnightly (Direct Debit only)
Annual (a 5% discount applies for annual premiums)

Premium Type & Guarantee

Rate for Age:
Rate for Age is applied to all benefits. The premium will be recalculated at each anniversary date based on the age of the life assured, the amount of cover and Sovereign's underlying premium rates at that time. A one-year premium guarantee applies.

Policy Wording

Full policy wording for the Sovereign Essential Products which are offered on this site can be viewed online or downloaded in PDF format - see downloads.