5.
Counselling Benefit
In any 12 month period you can make only one increase under this facility. Sovereign will increase the Family Protection Benefit for a life assured from the date we accept your request. Each special events 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 Family Protection Benefit sum assured will be applied to the increased amount.
The Counselling Benefit covers the cost of a Psychiatrist or Psychologist consultation and/or counselling for a close relative of the life assured where the support treatments and/or consultations directly relate to a claim under the Family Protection Benefit. After referral by a registered medical practitioner we will reimburse up to $2,500 including GST (in total) per life assured, subject to the following conditions: The consultation and/or counselling must be paid for within 12 months following Sovereign first commencing to pay the Family Protection Benefit; and Sovereign must be provided with a receipt for the consultation and/or counselling being claimed for. The $2,500 is payable once per life assured per policy. This is in addition to the sum assured.
When will Sovereign not pay a claim under this facility?
a. Increases in sum assured added to this policy
After a special events increase under this Facility has been made, Sovereign will not pay the increased benefit amount if before the increase, the life assured qualified for payment of the Family Protection Benefit. b. Increases in sum assured issued as an additional new policy Where this policy or any part of the sum assured under it, has been issued as the result of an increase under the Special Events Increase Facility, then: the Special Events Increase Facility under this policy will not be available for the proportion of the sum assured that represents the increase. Sovereign will not pay the increased benefit amount if, before the increase, the life assured qualified for payment of the Family Protection Benefit.
6.
Parents Grieving Benefit
Sovereign will make a Parents Grieving Benefit payment if:
a child of a life assured dies prior to birth but after at least 24 weeks gestation; or
a child of a life assured dies.
Sovereign will not make any payment if the death occurs within 12 months of the risk commencement date except where it is an accidental death. This Parents Grieving Benefit ceases on the child’s 21 st birthday.
How much will Sovereign pay for the Parents Grieving Benefit?
4.
Financial and Legal Advice Benefit
The benefit payable:
If Sovereign pays a claim under the Family Protection Benefit, then Sovereign will reimburse you for fees incurred up to $2,500 including GST (in total) that you pay for financial planning you receive from an accredited Adviser or legal advice received from a legal professional approved by Sovereign, subject to the following conditions: You must pay for the financial planning or legal advice within the 12 months following Sovereign paying the Family Protection Benefit claim. Sovereign will only pay one Financial and Legal Advice Benefit per life assured across all Sovereign policies . This is in addition to the sum assured.
if the child is under 10 years of age Sovereign will pay a maximum of one claim of $2,000 per child under the Parents Grieving Benefit across all Sovereign policies and AIA policies ; or if the child is 10 years of age or over Sovereign will pay a maximum of one claim of $15,000 per child across all Sovereign policies and AIA policies for a life assured. Payment of the Parents Grieving Benefit will not reduce the sum assured of the Family Protection Benefit.
7.
Premium Conversion Facility
You may at any time:
Convert all or part of your Family Protection Benefit from the premium shown in the schedule to a Level premium structure. The Family Protection 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.
Sovereign will not require you or the life assured to produce
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810 TCP-FP version 10 Effective 12 May 2026
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