Critical illness insurance


It’s a fact of life that we all get sick, sometimes seriously. With Sovereign's Living Assurance cover, employees can use the lump-sum payment to get the help they need, when they need it most.

Benefits of Sovereign's Subsidised Workplace Living Assurance cover:

  • Lump-sum payment if the insured person experiences a critical illness, such as heart attack, cancer or stroke (as defined in the policy wording)
  • Choice between Essential (covers nine serious health events) or Comprehensive (covers 43 serious health events)
  • With a continuation option, your employee may be able to continue cover if they leave your company.


  • You will need to have at least 10 employees insured to qualify as a group scheme and a minimum annual premium of $5,000 will apply
  • Generally, all occupations are accepted. However, there are some restrictions on hazardous occupations or those working overseas. For more information about eligibility, please contact your Adviser or Sovereign
  • Policies issued as part of a fully subsidised plan generally require fewer questions in regard to health, income and lifestyle.

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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.​