Sovereign has launched its accidental injury cover, the insurer has announced.

According to the country’s biggest life insurer, the cover is a new optional benefit that can be taken out with its TotalCareMax (TCM) products across the personal and business range.

The cover can be taken by new and existing customers, including homemakers and those outside paid employment.

“We know that experiencing an accidental injury can have an immediate impact on someone’s daily life,” said Len Elikhis, Sovereign’s chief officer for product and marketing. “This up-front payment does not affect payments from ACC or other insurance cover and can be used for whatever our customers need – whether it’s covering treatment costs, getting taxis to work, hiring someone to help with children, running their business, or simply taking time off work to recover.”

The product was designed to complement the coverage provided by traditional income-protection products and ACC.

Sovereign’s accidental injury cover will allow customers to be insured for between $500 and $5,000 a month, with no proof of income, no medical underwriting, and flat-rate pricing based on gender and smoking status.

“Customers can claim across four injury categories, most of which are based on the treatment received for an accidental injury,” Elikhis said.


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