After a property special events increase has been made, Sovereign will not pay the increased benefit amount if within six months of the increase, the life assured is entitled to or receives payment of a claim. A life assured over the age of 55 is not eligible for any Property Special Event Facility increases.
Cover for the life assured will be suspended from the date set out in Sovereign’s written acknowledgment. No premium will be payable during the period that the cover is suspended. No claim under this Mortgage and Income Protection Benefit appendix will be payable during, or for any disability that occurs during, the period that the cover is suspended. A claim may only be payable if the life assured first meets the criteria for an eligible claim under this policy after their cover is reinstated. Cover under this Mortgage and Income Protection Benefit appendix may be reinstated at the end of the suspension period in accordance with this Section without the need to provide further medical evidence, provided that the benefit has been suspended for no longer than 12 months. At the end of the suspension period, the benefit will be automatically reinstated for the life assured. Cover for the life assured will be reinstated from the date set out in Sovereign’s written acknowledgement. The premium payable for the reinstated benefit will be based on Sovereign’s premium rates at the time of the reinstatement. If the life assured becomes entitled to a Partial Disability Income Benefit within 12 months following the reinstatement of cover under this Mortgage and Income Protection Benefit appendix , then the amount of benefit payable will be calculated using Section 5 of this appendix , provided that the 12 month period used for calculating the life assured’s pre- disability income will be a combination of: the period from the date of reinstatement to the date of disablement ; and the period immediately prior to the commencement of the suspension event, that is needed to make up the balance of the 12 month period. 14. What is the Pregnancy Premium Waiver? Sovereign will waive the premium for this Mortgage and Income Protection Benefit for six consecutive months at any stage between the second trimester and six months after the life assured’s pregnancy finishes if the life assured becomes pregnant while this Mortgage and Income Protection Benefit is in force provided: the life assured provides Sovereign with a confirmation of pregnancy from an appropriate registered medical practitioner ; and the birth of the child occurs at least 12 months after: − the risk commencement date ; or − the most recent reinstatement of this Mortgage and Income Protection Benefit; and
Only one increase can occur every 3 years.
Sovereign will increase the Mortgage and Income Protection Benefit sum assured for a life assured from the date we accept your request. Any increase under the Property Special Event Facility will require an increase in premium . The premium increase will be based on Sovereign’s premium rates applicable at the time the Property Special Event Facility is exercised. Any loadings, exclusions or special terms on the original sum assured will be applied to the increased amount. 12. What is the Bed Confinement Benefit and when will Sovereign pay it? If, at any time during the waiting period , the life assured is confined to bed under full-time care for more than three days and is in an occupation class other than five, then Sovereign will pay a Bed Confinement Benefit for each complete 24 hour period after the first 72 hours of bed confinement. This benefit will be a daily benefit equivalent to 1/365 th of the benefit amount shown in the schedule , which you would be entitled to if the life assured was totally disabled and the waiting period was over. Sovereign will continue to pay the benefit until the waiting period is over, or until the life assured is no longer confined to bed under full-time care , whichever is the earlier. 13. When can you suspend cover and when will Sovereign reinstate cover? A life assured can suspend their cover under this Mortgage and Income Protection Benefit appendix for up to 12 months if they: go on parental leave;
go on leave without pay for any reason;
become unemployed or redundant;
experience at least a 20% reduction in pay (comparing the most recent payslip against a previous payslip from the same year); or if self-employed, experience a 30% reduction in revenue (by comparing one month’s revenue against the same month for the previous year),
provided that:
you notify Sovereign within three months of one of the above listed suspension events occurring and provide evidence to Sovereign of the suspension event; and
the life assured is on maternity leave .
You must notify Sovereign in writing when the premium is to be waived.
> Sovereign acknowledges in writing receipt of that notification.
This Pregnancy Premium Waiver will cease when six
820 TCP-MIP version 8 Effective 12 May 2026
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