Here is a summary of some of the product enhancements AIA and Sovereign have recently released:
Sovereign Income Protection
- Updated the 'Total Disability Income Benefit' definition
- Enhanced the 'Partial Disability Income Benefit' definition
- Introduced a 'Childcare Support Benefit', a 'Waiting Period Reduction Benefit', a 'Return to Home Benefit' and more
Sovereign Life Insurance
- Introduced a 'Counselling Benefit'
- Broadened the 'Financial and Legal Advice Benefit'
- Increased the 'Special Events TPD / Trauma Facility'
- Increased the 'Partial Permanent Disablement Benefit'
- Introduced an 'Assistance Benefit' and a 'Suspension of Premium Benefit'
- Improved the 'Special Events Increase Facility'
- Introduced a 'Mental Health Support Benefit', a 'Public Hospital Cancer Treatment Cash Benefit' and an 'Obstetric Care Allowance', plus more
- Improved the 'Cancer Care Benefit'
- Updated the 'Minor Surgery Benefit'
- Introduced a 'Severe Illness or Injury Benefit'
- Updated 40 medical definitions
- Added a 'Medical Advancements Protection Provision'