Income Protection Insurance

Income Protection insurance

What is income protection?

We all think we’re a bit bullet-proof. But “never happens” sometimes does happen. It could be something as simple as a sporting injury that keeps you off work. Or a very nasty bug you pick up while on holiday.

If you’re the main income-earner, this can have big consequences. How do you pay the rent, your car payments and other bills? Or support your family by paying the mortgage, school fees etc?

That’s the point of income protection insurance. You can just keep on living your life without the money worries. If you’re sick or injured, we’d rather you put all your energy into getting better and back to work.

Here's how income protection insurance works

Our income protection insurance pays you a monthly sum should you be unable to work because of illness or injury. You can decide how much cover you need and we even have options that cover rehabilitation and occupational re-training.

See the panel below for the types of income protection insurance available.

Disability Income Protection Mortgage and Income Protection Essential Disability Income Protection

Provides you with a monthly payment if you’re unable to work due to sickness or injury, plus additional benefits to support things like rehabilitation, vocational retraining and transitioning back to work.

Helps cover your mortgage or rent payments or other expenses if your ability to earn is seriously affected by illness, disability or redundancy.

A lower-cost option for Kiwis working in occupations that prevent them from purchasing regular Disability Income Protection.

Download guide Download guide Download guide

Optional benefits

Accidental Injury Cover
Short-term financial support, helping you continue daily life while recovering from an accidental injury. Read more

Specialist and diagnostic testing
This benefit can help you access the best specialist care available, and get the diagnostic tests or essential treatment you need. Read more

Key recent enhancements

Special Events Increase Facility
You are able to increase your TPD Benefit following a set list of milestone events in your life without providing medical evidence.

Increased Financial Advice Benefit to $2,500
If you receive a TPD claim payment, you are eligible to claim up to $2,500 for the cost of financial advice from an eligible adviser.


For further information about these and other income protection insurance enhancements, please contact your adviser or refer to the customer guide or policy document.

What next

Quick estimate

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Expert advice

A personalised quote with the best option for you from one of our experts - no cost or commitment to buy.

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Buy online

Organise your cover online - get a quote and apply in under 15 minutes.

Get started

Apply online via KiwiCover, Sovereign's trusted online insurance partner.

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Disclaimer: The availability of any insurance cover is subject to your application being approved. For full details, refer to the policy document which is available on request from Sovereign. Applications are subject to individual consideration. Special conditions, premiums, maximums and exclusions may apply.

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The information contained on this website is general in nature and is not intended as advice. It may not be relevant to individual circumstances and before making any investment, insurance or financial planning decision; you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.