Cover under this Total Permanent Disablement 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.
In the case of taking out or increasing a home loan, the individual increase cannot exceed the amount of the home loan or the increase in the home loan. In the case of an annual salary increase, the individual increase cannot exceed five times the annual salary increase. The maximum increases outlined above each apply in respect of all Total Permanent Disablement and similar benefits for that life assured across all Sovereign policies .
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.
The following maximum sum assured limits also apply across all Sovereign policies for each life assured:
$5,000,000 for Total Permanent Disablement and similar benefits, including increases under this Facility; and $5,000,000 for Comprehensive Living Assurance, Essential Living Assurance, Progressive Care, Total Permanent Disablement and similar benefits (combined), including increases under this Facility.
13. Special Events Increase Facility
What is the special events increase facility?
On each occasion when one of the following circumstances occurs for a life assured on the Total Permanent Disablement Benefit:
What are the other conditions applying to this facility?
Having a child (by birth or legal adoption);
You do not need to produce any medical evidence regarding the life assured when you request this increase, but any Special Events Increase is subject to the following conditions: You must make the request within 60 days either side of the relevant special event and provide Sovereign with suitable evidence of the occurrence of the event. A life assured is only eligible for special events increases where the special event occurs before age 55. If, at any time before you seek to exercise the Facility, a claim for the life assured had been accepted by us or notified to us, Sovereign will have discretion in determining whether the Facility can be exercised. In exercising discretion, we will consider whether the life assured represents an increased risk of claim for the benefit being added under this Facility. If a Total Permanent Disablement Future Insurability Benefit increase or another Special Events Increase has occurred in the previous 12 months or (if applicable) the Special Events Total Permanent Disablement/Trauma Facility under the Life Cover Benefit and/or similar benefits has been exercised in the previous 12 months to add an accelerated Total Permanent Disablement Benefit, then no increase is available under this Facility. Sovereign will increase the Total Permanent Disablement Benefit for a life assured from the date we accept your request. Each increase will require an increase in premium . This increase will be calculated on the rates applicable at the time the Special Events Increase Facility is exercised. Any loadings, exclusions or special terms on the original Total Permanent Disablement Benefit sum assured will be applied to the increased amount.
Becoming married or entering into a civil union;
Becoming legally separated, divorced or the dissolution of the life assured’s civil union;
Financially supporting a dependent child through a first course of full-time tertiary education;
The commencement of secondary school for the first time by a child of the life assured;
Taking out or increasing a home loan because the life assured has purchased a new home, a new residential investment property, a vacation home, or a bare block of land zoned as residential, or is making extensions to a residential property or residential investment property owned by the life assured;
Becoming responsible for the full-time care or payment for long term care of a close relative ;
Receiving an annual salary increase. This special event is not available to a life assured who is self- employed;
Experiencing the death of a spouse or de facto partner,
you may write to Sovereign asking us to increase the Total Permanent Disablement Benefit for that life assured.
What is the maximum cover that can be added?
The maximum increase for each special event cannot exceed the lower of:
50% of the original Total Permanent Disablement Benefit for the life assured; or
$250,000.
The total of all increases made under this Facility cannot exceed the lower of:
100% of the original Total Permanent Disablement Benefit for the life assured; or
$750,000.
817 TCP-TPD version 11 Effective 12 May 2026
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