Tetralogy of Fallot.
If the Optional Children’s and Maternity Benefit is shown on the schedule , it can also be converted to a standalone Comprehensive Living Assurance Benefit or an accelerated Comprehensive Living Assurance Benefit with an equal amount of Life Cover benefit, with a maximum Sum Assured of $75,000 without further medical evidence.
Transposition of Great Vessels.
Deafness.
Please refer to Section 21 for the definitions of these conditions .
The following conditions are applicable to both Children’s Trauma Conversion options:
In order for Sovereign to pay a claim under this Benefit, we will require medical information from a registered medical practitioner acceptable to us that conclusively evidences the condition . In circumstances where a conclusive diagnosis cannot be made at birth, we will defer our assessment of the claim until sufficient evidence can be supplied. For example, this might apply in the case of total blindness or deafness, where a conclusive diagnosis may not be possible until later in the child’s life. In these cases, the claims assessment will be based on the child’s sight or hearing impairment at the date that conclusive diagnosis is first possible. A claim is only payable under the Built-in Newborn Children’s Benefit if cover remains in effect for the life assured up to the date that the conclusive diagnosis for the child occurs.
A conversion cannot occur if the child has claimed or was eligible to claim under the Built-in Children’s Trauma Benefit and/or Optional Children’s and Maternity Benefit; and Your request for conversion must be received by Sovereign within 60 days of the anniversary date after the child’s 21st birthday; and
Your request must be received in writing.
An applicable premium will be payable on converted cover.
7.
Built-in Standalone Conversion Facility
How much will Sovereign pay?
If the schedule shows the Comprehensive Living Assurance Benefit as standalone you can convert this to an accelerated Comprehensive Living Assurance Benefit with an equal amount of Life Cover Benefit without any further medical evidence subject to the following:
The Benefit payable is the lower of $50,000 or 50% of the sum assured across all Comprehensive Living Assurance Benefit policies for the life assured . Sovereign will pay a maximum of one claim per child under either the Built-in Newborn Children’s Benefit or the Built-in Children’s Trauma Benefit, across all Sovereign policies . The Built-in Newborn Children’s Benefit is only payable where the birth of the child with one of the applicable conditions occurs at least twelve months after the risk commencement date . This requirement applies anew to all added cover from the date the cover commences; including cover added using the Optional Business Safeguard Facility. The Built-in Children’s Trauma Benefit or the Built-in Newborn Children’s Benefit is payable in addition to the Optional Children’s and Maternity Benefit (if applicable). Payment of the Built-in Newborn Children’s Benefit will not affect the amount of any Comprehensive Living Assurance Benefit payable for the life assured .
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 Facility 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 their Standalone Comprehensive Living Assurance Benefit. This includes any claim currently under assessment; and
The premiums for their standalone Comprehensive Living Assurance Benefit are paid up to date; and
The accelerated Comprehensive Living Assurance Benefit sum assured must be less than or equal to the standalone Comprehensive Living Assurance sum assured; and The Life Cover Benefit sum assured does not exceed the accelerated Comprehensive Living Assurance 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 Comprehensive
6.
Built-in Children’s Trauma Conversion Facility
The Built-in Children’s Trauma Benefit can be converted to:
a standalone Comprehensive Living Assurance Benefit; or
an accelerated Comprehensive Living Assurance Benefit with an equal amount of Life Cover benefit,
with a maximum sum assured of $50,000 or 50% of the life assured’s original sum assured whichever is the lesser, without further medical evidence. Where the life assured’s sum assured has reduced, the conversion will be calculated on the reduced amount.
852 TCB-LAC version 19 Effective 12 May 2026
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