At a glance

  • Affordable monthly premiums
  • No application fee
  • Simple acceptance - in most cases a medical isn't required
  • Premiums based on your outstanding loan balance
  • Premiums decrease with your principal owing
  • 10% premium discount for joint applications
  • Waiver on premium payments if a claim is being paid


What you're covered for

  • Death

    Loans insured with Tailored Loan Coverage will be repaid to the maximum sum insured.

  • Total permanent disablement (resulting in inability to work)

    Loans insured with Tailored Loan Coverage will be repaid to the maximum sum insured.

  • Disablement due to accident or illness (resulting in inability to work)

    Tailored Loan Coverage will meet your loan repayments for up to two years.

  • Redundancy/bankruptcy

    Loan repayments will be met for up to three months, giving you a helping hand to get started again.

This is a summary only of the protection given by Tailored Loan Insurance.  When you apply we’ll send you a copy of the full Policy Wording.  Please read this to make sure you understand it, and remember we’re here to help with any questions you might have.



In order to make Tailored Loan Coverage as affordable as possible, some exclusions apply:

  • In respect of total permanent disability, accident, illness, redundancy and bankruptcy cover: self-inflicted injury; war and related risks.
  • In respect of accident, illness, redundancy and bankruptcy cover: the normal effects of pregnancy and childbirth; fertility or contraceptive procedures; alcohol or drug abuse; criminal activity.
  • In respect of the death cover: suicide within 13 months of cover commencing for an insured.
  • In respect of redundancy: loss of employment resulting from an occurrence which was known or should have been known at the commencement of cover; loss of employment resulting from a strike or labour dispute involving the life insured or their employer.

For more information about exclusions, please see the Policy Wording.


Need to make a claim?

To request a claim form or ask any questions related to a claim, just phone Sovereign on 0800 872 274


  • Terms and Conditions

    Sovereign Assurance Company Limited underwrites all Tailored Loan Coverage and the contracts of insurance are between you and Sovereign. TSB doesn't guarantee these insurance products marketed on behalf of Sovereign and isn't liable if the insurer declines to pay a claim. Any claims issues are between the insured persons and Sovereign. TSB receives a commission from the sale of insurance policies sold on behalf of Sovereign. A full copy of the Terms and Conditions are included in the Policy Wording.