30 Days Complimentary Loan Protection

by Sovereign Insurance Australia Pty Ltd

  • Line of Business
    Business
  • Locations Served
    All States
  • Documents available
    S P
  • Contract required
    No
  • Target Class
    • purchasers who are 18 years or older
    • are working on a continuous basis for a reward for a minimum of 20 hours per week in either
      • full time or permanent part-time employment
      • a fixed-term contract
    • are applying for a new loan through an accredited finance company
    • must be an australian citizen or holder of any australian permanent residency visa or 457 visa holder when you apply for this insurance
  • Product Documents
    Supplemental form 30 Days Complimentary Loan Protection - Target Market Determination
    Policy wording 30 Days Complimentary Loan Protection
    Webpage 30 Days Complimentary Loan Protection
  • Coverage
    • Financial Loss
  • Exclusions
    • alcoholism or drug addiction
    • any pre-existing medical condition
    • cessation of your employment within 28 days of the commencement date or failure to provide proof of at least 60 days continuous employment prior to any period of involuntary unemploymen
    • individuals who are self-employed on a seasonal / irregular nature or on a non-renewable contract
    • psychiatric conditions or mental illness
    • voluntary redundancy

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