Income Protection Insurance

Income Protection insurance

Protect your ability to earn

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?

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Live life without the worry

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 it 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.

Check out the panel below to see the options 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.

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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.

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What next

Quick estimate

Use our handy online tools to see how little your cover could cost in just seconds

Expert advice

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

Request a call back

Phone: 0800 500 105
Mon-Fri 8am - 5pm

Buy online

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

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We also offer income protection for the newly self-employed – Start-Up Income Protection – requiring no financial records.

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.