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Permanent Disability Insurance Quote

Get a Quote

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Person 1

Can’t find your occupation? Manually type it in the box. In the next step we will ask you a few extra questions so that we can determine your occupational rate.

Person 2

Can’t find your occupation? Manually type it in the box. In the next step we will ask you a few extra questions so that we can determine your occupational rate.

Special Offer

New World Promotion

Apply online today to be eligible for a 25% Cash Bonus, a $100 New World Gift Card (minimum premium required) and earn Airpoints Dollars™.
25% Cash Bonus details
$100 New World Gift Card details
Airpoints Dollars™ details

Plus, get a 10% Discount every year for any policy which includes either Life Cover for two people or Life Cover for one person plus at least one other eligible benefit (minimum cover and premium criteria apply).
Life + One 10% Discount details

Quote FAQs

If I apply jointly with my partner, will we receive separate policies or a single policy?

If you apply jointly on the same quote and application form, your cover will be issued together as a single policy.

You will both be covered as if you had separate policies, however for administration purposes you will both be recorded on the same policy, with the policy ownership specified by you in the application form, and with a single policy administration fee.

What is the policy fee?

The policy fee is a standard fee normally applied by Sovereign to all policies to cover the administration costs of the policy. The policy fee is the same, irrespective of the number and amount of benefits included in the policy. The policy fee is included and itemised in all quotes provided on this website.

Is each quote firm and fixed?

No it is not. The quote is based on some basic details about you, and a firm and fixed quote can only be provided following assessment of your application. However, for the majority of applications no change is expected in the quote following assessment.

When calculating your quote, we assume that you have no health, occupational or other factors that would warrant a higher rate. We make that assumption because, until you complete an application form, we have no knowledge of any factors which may present a specific insurance risk. In most cases though, your premium will be as quoted.

Is there any discount for higher levels of cover?

Yes, there is. Take, for example, a 40-year old male, non-smoking office worker. The premium for $200,000 in Total Permanent Disablement cover is $9.84 per fortnight, or 4.92 cents per $1,000 of cover. The premium for $500,000 in cover is $18.90 per fortnight, or just 3.78 cents per $1,000 of cover. That is a significant reduction.

Do I get a discount if I pay my premiums annually?

Yes, you do. If you pay your premiums annually you will receive a discount of approximately 4.8% on the total benefit cost (everything except the policy fee). This discount is automatically calculated when you get a quote and select an annual payment frequency.

Does the quoted premium include GST?

Yes, all quotes include GST (if any).

Why are non-smoker rates so much lower than smoker rates?

Non-smoker rates are significantly lower than smoker rates. This simply reflects higher morbidity and mortality rates among smokers due to smoking-related diseases.

If I give up smoking, can I get non-smoker rates too?

Yes, you can. If you quit smoking for at least 12 months and you have no intention of resuming, you can have your rates changed to non-smoker rates for any current Sovereign policy you have. To effect this change, you simply need to complete a Non-Smoker Declaration Form.

If you are about to apply for cover and you have been a non-smoker for less than 12 months, you should still apply for cover as soon as possible. You can submit your Non-Smoker Declaration as soon as you have completed 12 months as a non-smoker.

Will my premium change each year?

Yes, it will. Premiums are quoted on a Rate for Age basis. Your premiums will change each year on the anniversary of your policy, based on your age at that date. In most cases your premium will go up, but in some cases it will stay the same, and sometimes it can even go down.

Please see our FAQs for other frequently asked questions about Total Permanent Disablement insurance.


(Superior) Financial Strength Rating from A.M. Best Company, Inc.

The A.M. Best rating scale:

Secure Vulnerable
A++, A+ (Superior)
A, A- (Excellent)
B++, B+ (Good)
B, B- (Fair)
C++, C+ (Marginal)
C, C- (Weak)
D (Poor)
E (Under Regulatory Supervision)
F (In Liquidation)
S (Suspended)

Click here for more information.

Important Information

  • The premiums quoted on this website are the premiums which would apply (subject to acceptance) in the first year of your policy. Learn why premiums change each year.

  • Any quote provided to you on this website is not a formal offer of insurance, as it is based only on the most basic details about you. Learn about underwriting and the offer of terms.

  • This website does not provide personalised advice, and it takes no account of your personal insurance needs or circumstances. In particular, the information in this website is not personalised financial advice for the purposes of the Financial Advisers Act 2008 and should not be relied upon in making a decision about insurance. If you are unable to (or do not wish to) determine your cover requirements on your own, then read our section about obtaining advice.