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Life Insurance

KiwiCover is an official Sovereign partner. Compare quotes and apply online for Sovereign’s flagship life insurance policy in New Zealand, and save 25% on your first year’s premiums.

Cash Back
when you apply
New World Gift Card
when your policy
is issued.

Life Insurance Policy Features

Sovereign Life Cover includes all of the following great features:

  • 24 x 7 worldwide cover.
  • Cover doesn’t expire at any age.
  • Future policy enhancements automatically included.
  • Increase your cover following special life events (e.g. having a child).
  • Immediate bereavement support benefit of up to $15,000.
  • Full payment on diagnosis of terminal illness.
  • Only one exclusion (for intentional self-harm within the first 13 months).
(Superior) Financial Strength Rating from A.M. Best Company, Inc. Rating scale

Why Choose Sovereign?

Sovereign is the largest life insurer in New Zealand and covers more Kiwis than any other company.

Sovereign has the highest financial strength rating of any life insurance company in New Zealand.

Sovereign paid out more than 99% of all life insurance claims received during the year ended 31 March 2016.

Sovereign has paid out more than $3,100,000,000 ($3.1 Billion) in claims since 2001.

Free Interim Cover

You don’t have to wait until your application is accepted. You get free interim cover while your application is being processed. That is, you are automatically covered from the date your application is received by Sovereign, up until the date of your acceptance by Sovereign.

Free interim cover applies not only to life insurance, but to all of the following types of cover:

  • Life Insurance
  • Permanent Disability Insurance
  • Income Protection Insurance
  • Trauma Insurance (some conditions)

Free interim cover is subject to important terms and conditions for each type of cover, including maximum amounts of cover, when a benefit is payable and when a benefit is not payable, and when the cover expires. Please read the terms and conditions PDF for details.

Life Insurance Quote

Get a free, instant, online quote now. No personal information required.

Special Offer

New World Promotion

Apply online today and receive
25% Cash Back and a $100 New World Gift Card
when your policy is issued.
Cash Back details
New World Gift Card details

Life Insurance Calculator

Not sure how much cover you need? Our life insurance calculator has more advanced features than any other life insurance calculator in New Zealand. It takes into account your living circumstances, whether that is family-based or living alone, and whether you rent or own your own home. It also takes into account any dependent children you have, by individually calculating the amount which they need for upkeep until they each attain the age of 18.

The KiwiCover life insurance calculator is designed solely for New Zealand conditions. It takes into account KiwiSaver and student loans, and it provides a detailed breakdown as to how the calculated cover is arrived at, so you can understand the reasoning behind it and apply your own judgment. You can then choose to apply for the amount calculated or adjust that amount according to your own assessment.

Our Products

Life Insurance

Life insurance pays a non-taxable lump sum benefit in the event of your death, and it pays the same benefit directly to you if you are diagnosed with a terminal illness. Unlike many other policies, there is only one exclusion, and your cover never expires.

Health Insurance

Health insurance pays for your private health care costs for a very wide range of medical conditions, procedures and consultations, and it will pay those directly to your health care provider without the need for you to pay for those costs first.

Income Protection Insurance

Income Protection insurance pays you a monthly benefit of up to 75% of your pre-tax salary or wage if you are unable to work in your own occupation due to illness or injury. Premiums are fully tax deductible, so your net premium cost is less.

Trauma Insurance

Trauma insurance pays you a tax-free lump sum benefit if you are diagnosed with any one of more than 40 medical conditions specified in the policy. You can choose between a Living Assurance policy or Sovereign’s unique Progressive Care policy.

Permanent Disability Insurance

Permanent Disability insurance pays you a tax free lump sum benefit if you are unable to ever work again in your own occupation due to illness or accident. It also pays you a benefit of 25% of the cover for partial permanent disability.

Family Protection Insurance

Family protection insurance is a life insurance policy which pays a monthly benefit instead of a lump sum, in the event of your death. The monthly benefit is paid tax free, and it is paid to your dependants over a guaranteed period of 10 years.