An applicable premium will be payable on converted cover.
Premiums will be calculated on the current age of the life assured . Any loading(s) and/or exclusion(s) that applied to your existing Progressive Care Benefit will apply to your new Progressive Care Benefit.
16. Built-in Standalone Conversion Facility
If the schedule shows the Progressive Care Benefit as standalone you can convert your cover to an accelerated Progressive Care Benefit with an equal amount of Life Cover Benefit without any further medical evidence, subject to the following: The life assured was accepted with standard underwriting terms (e.g. there are no special terms, exclusions or premium loadings applicable to the life assured ); The life assured is only eligible for the Standalone Conversion Option where the conversion occurs before age 60; The life assured has not made a claim with Sovereign or any other insurer, and is not eligible to make a claim under the standalone Progressive Care Benefit, this includes any claim currently under assessment;
18. Reducing your sum assured
You can write to Sovereign at any time to reduce your sum assured . You can make a reduction to your sum assured before you make a claim or after you have made a claim. In either case, the balance of the sum assured you have in each category will be reduced in proportion to the reduction in the sum assured . Sovereign will send you an endorsement letter, confirming the reduced sum assured and this will form part of your appendix . 19. Exclusions: When Sovereign will not pay a benefit Sovereign will not pay a benefit under this appendix if any of the exclusions that are set out in each Schedule of Categories applies to the condition listed in that category . Sovereign will not pay any benefit under this appendix where any of the following directly or indirectly causes or contributes to the condition (whether or not the condition is a related condition ): The life assured (or a child in the case of a Built-in Children’s Trauma Benefit or the Optional Children’s and Maternity Benefit) deliberately injures himself or herself or attempts to do so. The life assured (or a child in the case of a Built-in Children’s Trauma Benefit, the Built-in Parents Grieving Benefit or the Optional Children’s and Maternity Benefit) engages in or is part of any conduct that is criminal. Sovereign will not pay any benefit under this appendix where any of the following occurs before a life assured (or any child in the case of a Built-in Children’s Trauma Benefit, the Built-in Parents Grieving Benefit or the Optional Children’s and Maternity Benefit) reaches age 21, and (in each case either directly or indirectly) causes or contributes to a claim for that life assured (or child ):
The life assured is not terminally ill or suffering from a terminal illness;
The premiums for their standalone Progressive Care Benefit are paid up to date;
The accelerated Progressive Care sum assured must be less than or equal to the standalone Progressive Care sum assured ;
The Life Cover Benefit sum assured does not exceed the accelerated Progressive Care sum assured .
The premium for the conversion will be based on the age of the life assured and our premium rates at the date of conversion. If the death of the life assured occurs within three months of the date of conversion , other than by accidental death , then this conversion is void and the standalone Progressive Care Benefit will be reinstated from the date of conversion .
any intentional act by you or by any parent or guardian of the life assured, or child .
any intentional act by someone who lives with or supervises the life assured, or child .
17. Built-in Premium Conversion Facility
You may at any time prior to the life assured reaching age 65:
Sovereign will not pay any benefit under this appendix for:
Any condition ; or
Convert all or part of your Progressive Care Benefit from the premium shown in the schedule to a Level premium structure. The Progressive Care Benefit under your policy will be reduced by the sum assured amount converted; or Convert a Level premium Term to a further Level premium Term, of which duration may be the same or less than current Level premium Term.
Any symptom or sign that leads to a condition
that existed before the risk commencement date (whether or not a registered medical practitioner has been consulted), unless Sovereign is satisfied that: You and the life assured could not have known of the existence of the condition or the symptom or sign that led to the condition ; or The condition or symptom or sign that led to the condition was declared on your application and accepted by Sovereign. Sovereign will not pay a benefit under the Built-in Children’s Trauma Benefit or the Children’s Critical Conditions Benefit in the Optional Children’s and Maternity
Sovereign will not require you or the life assured to produce further medical evidence at the time of conversion.
The terms and conditions of the new policy will be those which are then offered by Sovereign to the general public.
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866 TCB-PC version 12 Effective 12 May 2026
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