90 day stand down period
Full Payment
Partial payment
Children’s Trauma Benefit
✓
✓
Chronic renal failure
-
-
✓
HIV
-
-
-
✓
Intensive care benefit
-
-
-
✓
✓
Major transplant surgery
-
-
✓
Severe burns
-
-
-
(Refer to Section 15 for a full description of these conditions .)
If you receive a full payment claim for a life assured under this Living Assurance Benefit, cover will cease for that life assured.
If you receive a partial payment of this Living Assurance Benefit for a life assured, cover will continue for that life assured with the sum assured being reduced by the amount of the partial payment amount. The premium will reduce with the reduction in sum assured.
What stand down periods apply?
If, within the first 90 days after the risk commencement date , any of the conditions marked in the above table as having a 90 day stand down period occur, or symptoms or signs which lead to any of those conditions (whether or not a r egistered medical practitioner has been consulted) occur, then Sovereign will not pay a benefit for the life assured or any child of the life assured covered by the Children’s Trauma Benefit.
Cover added under the Essential LAB Future Insurability Benefit or the Special Events Increase Facility
A 180 day stand down period applies to increases made under the Essential LAB Future Insurability Benefit or the Special Events Increase Facility, except where the claim is due to an accident , as outlined in Sections 10 and 11. Where the claim is due to an accident , the stand down period is waived on such increases provided the life assured has already served the 90 day stand down period on the original Essential Living Assurance Benefit policy.
Cover added under the Special Events TPD/Trauma Facility
A 180 day stand down period applies to any accelerated Living Assurance Benefit cover added for the life assured using the Special Events TPD/Trauma Facility under the Life Cover Benefit, except where the claim is due to an accident , as outlined in the Life Cover Benefit appendix . Where the claim is due to an accident , the 90 day stand down period applies to the added cover from the date the added cover commences, for any of the conditions marked in the above table as having a 90 day stand down period.
Newborn Children’s Benefit
A twelve month stand down period applies to the Newborn Children’s Benefit, meaning that Sovereign will only pay a claim for a biological child of a life assured where the birth of the child with one of the applicable conditions occurs at least twelve months after the risk commencement date . This stand down period applies anew to all added cover from the date the added cover commences, including cover added using the Essential LAB Future Insurability Benefit, the Special Events Increase Facility, or the Special Events TPD/Trauma Facility under the Life Cover Benefit.
803 TCP-LAE version 14 Effective 12 May 2026
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