Zurich

Zurich Life Insurance

Zurich, or Zurich Financial Services Australia Ltd as it is formally known, is headquartered in North Sydney with about 1000 employees nationwide. Zurich has products for individuals, businesses, and global corporate businesses.

Zurich has four types of life insurance products, which are; income protection insurance, term life insurance, trauma insurance, and nil-advice Ezicover life insurance.

Under the term life insurance, the insured (or the beneficiaries) can receive a lump sum payment for the insured’s death, terminal illness, total and permanent disablement, and other specific events like heart attack. The term life insurance product divides the benefits into three categories, which are; death cover, TPD cover, and trauma cover. Zurich has explicitly divided trauma in two categories as well – basic and extended. Furthermore, with an additional premium, the insured may add: a premium waiver, accidental death, business future cover, needlestick cover, child cover (only for extended trauma), trauma reinstatement (only for extended trauma), top-up (only for extended trauma), buy back TPD, and accelerated buy back death.

While there are some diseases like Parkinson’s disease and muscular dystrophy that are clearly extended traumas, there are others like loss of speech, and chronic kidney failure which fall under both basic and extended trauma.

Use the form on the right hand side of this page and one of our expert consultants will call you to discuss your specific needs; in most cases we are able to tailor a Life Insurance policy to your needs. We can also help you decipher anything you do not understand and provide you with a free, no obligation, life insurance quote.