18. Built-in Children’s Trauma Conversion Facility
Benefit are paid up to date;
The accelerated Progressive Care sum assured must be equal to the standalone Progressive Care sum assured ;
The Built-in Children’s Trauma Benefit can be converted to:
a standalone Progressive Care Benefit; or
The Life benefit sum assured does not exceed the accelerated Progressive Care sum assured .
an accelerated Progressive Care benefit with an equal amount of Life Cover benefit,
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 Progressive Care Benefit will be reinstated from the date of conversion .
with a maximum sum assured of $50,000 or 50% of the life assured’s original sum assured whichever is lesser, without further medical evidence.
Where the life assured’s sum assured has reduced, the conversion will be calculated on the reduced amount.
If the Optional Children’s and Maternity Benefit is shown on the schedule , it can also be converted to a standalone Progressive Care Benefit or an accelerated Progressive Care benefit with an equal amount of Life Cover benefit, with a maximum sum assured of $75,000, without further medical evidence. The following conditions are applicable to both Children’s Trauma Conversion options: A conversion cannot occur if the child has claimed or was eligible to claim under the Built-in Children’s Trauma Benefit and/or the 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 21 st birthday; and
20. Built-in Premium Conversion Facility
You may at any time prior to the life assured reaching age 65:
Convert all or part of your Progressive Care Benefit from the premium shown in the schedule to a Level premium structure. The Progressive Care 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 further medical evidence at the time of conversion. The terms and conditions of the new policy will be those which are then offered by us to the general public. Premiums will be calculated on the current age of the life assured . Any loading(s) and/or exclusion(s) that applied to your existing Progressive Care Benefit will apply to your new Progressive Care Benefit.
Your request must be received in writing.
An applicable premium will be payable on converted cover.
19. Built-in Standalone Conversion Facility
If the schedule shows the Progressive Care Benefit as standalone you can convert your cover to an accelerated Progressive Care Benefit with an equal amount of Life Benefit without any further medical evidence, subject to the following: 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 Option 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 the standalone Progressive Care Benefit, this includes any claim currently under assessment;
21. Reducing your sum assured
You can write to Sovereign at any time to reduce your sum assured . You can make a reduction to your sum assured before you make a claim or after you have made a claim. In either case, the balance of the sum assured you have in each category will be reduced in proportion to the reduction in the sum assured . Sovereign will send you an endorsement letter, confirming the reduced sum assured and this will form part of your appendix .
22. Exclusions: When Sovereign will not pay a benefit
Sovereign will not pay a benefit under this appendix if any of the exclusions that are set out in each Schedule of Categories applies to the condition listed in that category. Sovereign will not pay any benefit under this appendix where any of the following directly or indirectly causes or contributes to the condition (whether or not the condition is
The life assured is not terminally ill or suffering from a terminal illness;
The premiums for their standalone Progressive Care
818 TCP-PC version 12 Effective 12 May 2026
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