Progressive Care is a new type of trauma insurance. Unlike traditional products which only pay out a single lump sum, Progressive Care can pay out more than once, as the payments are linked to the severity of a condition.
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Progressive Care is a policy which pays a non-taxable lump sum benefit if you develop any one of 60+ specified medical conditions. The benefit amount ranges from 10% to 100% of the cover under the policy, based on the severity of the condition. The policy enables multiple benefit payments.
You never know when you might be afflicted by a serious medical condition. And it's not just your health you need to worry about – What about the financial impact it could have on you or your family?
Get covered and protect yourself today with Sovereign TotalCareMax Progressive Care.
Progressive Care covers 62 medical conditions across 5 categories:
|1.||Coronary artery bypass graft|
|4.||Minor heart valve surgery|
|8.||Out-of-hospital cardiac arrest|
|10.||Congestive cardiac failure|
|11.||Severe peripheral vascular disease|
|12.||Heart valve surgery|
|17.||Urinary bladder cancer|
|21.||Malignant brain tumour|
|22.||Benign brain tumour|
|25.||Bone marrow or stem cell transplant|
|26.||Transplant waiting list for bone marrow transplant|
|34.||Motor neurone disease|
|35.||Major head trauma|
|39.||Paralysis – Diplegia|
|40.||Paralysis – Hemiplegia|
|41.||Paralysis – Paraplegia|
|42.||Paralysis – Quadriplegia/Tetraplegia|
|43.||Loss of independent existence|
|44.||Loss of sight|
|45.||Loss of hearing|
|46.||Loss of speech|
|47.||Loss of limbs|
|50.||Intensive care benefit|
|51.||Chronic liver failure|
|52.||Chronic lung failure|
|53.||Chronic kidney failure|
|54.||Acute renal dialysis|
|55.||Severe ulcerative colitis|
|56.||Severe Crohn’s disease|
|57.||Primary pulmonary hypertension|
|58.||Major organ transplant (or waiting list)|
|59.||Type 1 diabetes mellitus|
|60.||Chronic obstructive pulmonary disease|
Sovereign TotalCareMax Progressive Care includes all the following great features:
Progressive Care covers more than 60 medical conditions across 5 categories – Heart and Arteries, Cancer, Brain and Nerves, Loss of Function and Other Health Events.
Receive a benefit payment based on the severity of your condition. You could claim 10%, 25%, 50%, 75% or 100% of the sum insured in each category.
Unlike traditional products, you can make additional claims if your condition gets worse, you suffer from a more severe, related condition, or you suffer from a new condition.
Any and all benefits payable under your trauma insurance policy are paid as tax-free lump sum benefits under current legislation, directly to the policy owner.
Whether you’re at home, or travelling or working anywhere overseas for any period, you remain insured for every medical condition which is specified.
You can increase the amount of cover every three years by up to 20% of the original cover, without any medical examinations, tests or questions. An increase in premium applies. Terms apply.
If any change is made to the underlying policy in the future, and that change would be favourable to you, then guaranteed enhancement means that the change will automatically be applied to your policy.
If at any time during the 15 days following receipt of your policy you don’t wish to continue with your cover (for whatever reason at all), you can return your policy for a full refund of all premiums paid.
Check out the FAQs for answers to frequently asked questions.
View or download a copy of the policy wording.
Apply online today to be eligible for a 25% Cash Bonus, a $100 New World Gift Card (minimum premium required) and 3x Airpoints Dollars™.
Plus, 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).
The above identifies and provides a brief summary only of the principal benefits under the policy. Please refer to the policy wording, including the policy appendix and schedule, for full details of all the benefits and the terms and conditions under which they are provided.