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Life Insurance

KiwiCover is Sovereign’s trusted online partner. Compare quotes and apply online in minutes for Sovereign’s flagship life insurance policy. Get an upfront 25% Cash Bonus plus a free $100 New World gift card when your policy is issued.

Cash Bonus
when you apply
New World Gift Card
when your policy
is issued.
Discount every year for Life Cover + one other benefit.

Life Insurance Policy Features

Sovereign’s life insurance policy includes all of the following great features:

  • 24 x 7 worldwide cover – wherever in the world you choose to go.
  • Your cover will not expire at any age – you can keep your policy for life.
  • Future policy enhancements will automatically be included in your policy.
  • You can increase your cover in future following any specified life event.
  • Your family can immediately access up to $15,000 of your death benefit.
  • You will be paid your full cover if you are diagnosed with a terminal illness.
  • Only one exclusion applies (for intentional self-harm in the first 13 months).
(Superior) Financial Strength Rating from A.M. Best Company, Inc. Rating scale

Why Choose Sovereign?

Sovereign is New Zealand’s largest life insurer. It covers more Kiwis than any other NZ life insurance company.

Sovereign has the highest financial strength rating of any life insurance company in New Zealand.

Sovereign paid out more than 99% of all life insurance claims made during the year ended 31 March 2017.

Sovereign has paid out more than $3,100,000,000 ($3.1 Billion) in claims to Kiwis since 2001.

Free Interim Cover

You don’t have to wait until your life insurance application is accepted in order to be covered. You get free interim cover while your application is being processed, subject to the free interim cover terms and conditions. That is, you are automatically covered from the date your application is received by Sovereign, and until that cover ceases in accordance with the terms and conditions.

Free interim cover applies not only to life insurance, but to all of the following types of cover:

  • Life Insurance
  • Permanent Disability Insurance
  • Income Protection Insurance
  • Trauma Insurance (some conditions)

Free interim cover is subject to important terms and conditions for each type of cover, including maximum amounts of cover, what is covered, when a benefit is payable and when a benefit is not payable, and when the cover expires. Please read the terms and conditions PDF for details.

Life Insurance Quote

Get a free, instant, online quote now. No personal information is required. When you have decided on the amount of cover you would like, just apply directly online. No paperwork required.

Special Offer

New World Promotion

Apply online today and receive a
25% Cash Bonus and a $100 New World Gift Card
when your policy is issued (minimum premium required).
25% Cash Bonus details
$100 New World Gift Card details

Get a 10% Discount every year for any policy which includes either Life Cover for two people or Life Cover for one person plus at least one other eligible benefit (minimum cover and premium criteria apply). Life + One 10% Discount details

Life Insurance Calculator

Not sure how much cover you need? Our life insurance calculator has more advanced features than any other life insurance calculator in New Zealand. It takes into account your living circumstances, whether that is family-based or living alone, and whether you rent or own your own home. It also takes into account any dependent children you have, by calculating the amount which is needed for their upkeep until they each attain the age of 18.

The KiwiCover life insurance calculator is designed solely for NZ conditions. It takes into account KiwiSaver and student loans, mortgages and other borrowings, and total household earnings. Unlike many other calculators, it provides a detailed breakdown of the amount of each liability to be covered, so you can understand how the total amount of cover is calculated. You can then choose to apply for the amount calculated or to fine tune that amount according to your own circumstances.

Our Products

Life Insurance

Life insurance pays a tax-free lump sum benefit in the event of your death, and it will pay the same benefit directly to you if you are diagnosed with a terminal illness. Unlike many other policies, there is only one exclusion, and your cover will never expire at any age.

Health Insurance

Health insurance pays your private health care costs for a wide range of medical conditions, procedures and investigations. It will pay those costs directly to your health care provider, without you having to pay the costs first and then claiming reimbursement from Sovereign.

Income Protection Insurance

Income Protection insurance pays you a monthly benefit of up to 75% of your pre-tax salary or wage, if you are unable to work in your own occupation due to illness or injury. Premiums are fully tax deductible, so you can claim all of your premiums each year against your income.

Trauma Insurance

Trauma insurance pays you a tax-free lump sum benefit if you are diagnosed with any one of a range of medical conditions (from 45+ to 60+ in number). You can choose between a Living Assurance policy and Sovereign’s unique Progressive Care policy.

Permanent Disability Insurance

Permanent Disability insurance pays you a tax-free lump sum benefit if you are unable to ever work again in your own occupation (and not just in any occupation) due to illness or injury. It also pays you a benefit of 25% of the amount of your cover for partial permanent disability.

Family Protection Insurance

Family protection insurance is a life insurance policy which pays a monthly benefit instead of a lump sum benefit in the event of your death. The benefit is paid tax free, and it is paid to your dependants in equal monthly amounts over a guaranteed period of 10 years.