Free life insurance for new parents
In order to take out this free life insurance, you need to be a new parent aged between 16 and 70 years, and have a child under six months of age (please note that you cannot take out this cover before your baby is born and registration must occur before the child is six months old).
The cover pays a lump sum of $10,000 if you die on or before your child’s first birthday. Only two parents can receive Sovereign’s free life insurance for new parents in respect of the same child. You register yourself for the $10,000 free life insurance – and the other parent registers individually as well.
The cover will expire on your child’s first birthday.
Please note that this cover is only available to New Zealand permanent residents/citizens. If you die and you are not living in New Zealand at the time, you will not be covered.
Contact us for further information