Zurich Life Insurance and Income Protection
Zurich Life Insurance is a company that’s Swiss by name, but Australian by nature. With a history that dates back to the 1920s as the Commonwealth General Assurance Corporation, Zurich is now one of the country’s most recognised life insurers.
Zurich has over 140 years of experience in the insurance market, and currently operates in over 70 countries. The company prides itself on its financial strength and stability, as well as its commitment to fast and sensitive claims payments.
Why choose Zurich?
Zurich brands itself as an ethical and responsible insurer, and employs a number of strategies and core values that guide their decision-making and the way they conduct business. Their strategy involves:
- Responsible investing
In 2012, Zurich became a signatory of the United Nations-backed Principles for Responsible Investment. As a part of the Principles for Responsible Investment Initiative, Zurich has joined a network of international investors working together to put the six Principles for Responsible Investment into practice. These principles reflect the view that environmental, social and corporate governance issues can affect the performance of investment portfolios, and should therefore be given appropriate consideration by investors.
- Flood resilience
Zurich is part of an international program that helps countries such as Nepal, Indonesia and Mexico. They are part of a five-year alliance with the International Federation of Red Cross and Red Crescent Societies (IFRC), which is in charge of developing ways to enhance communities’ knowledge and resources to make them less vulnerable to flooding.
- Environment protection
In 2008, Zurich committed to reducing its environmental footprint by 10%, and now has a dedicated environmental team in place. Through employing energy efficient measures, reducing air travel, and purchasing cleaner resources, in 2012 the company was able to reduce their carbon footprint by 17% per employee.
- Corporate responsibility
Zurich Australian Insurance Limited is a signatory to the General Insurance Code of Practice. The objectives of the Code are:
- To promote better, more informed relations between insurers and their customers.
- To improve consumer confidence in the general insurance industry.
- To provide better mechanisms for the resolution of complaints and disputes between insurers and their customers, and
- To commit insurers and the professionals that they rely upon to higher standards of customer service.
Zurich also receives formal recognition for its products and services every year. In 2013, it was awarded General Insurer of the Year by NIBA, and continuously receives accolades from Cannstar Cannex and Money Magazine for providing outstanding value.
Zurich can help with:
- Ezicover Accidental Death Insurance
Offers your family a lump sum payment of up to $500,000 in the event of your accidental death.
- TPD Insurance
Pays you a lump sum if you become totally and permanently disabled and therefore are unlikely to ever work again.
- Trauma Cover
If you’re unable to work for an extended period-of-time, Zurich can provide you with a lump sum to pay for unexpected medical costs, repay debts, or pay for a carer.
- Income Replacement
If you’re unable to work for an extended period-of-time, Income Replacement can provide you with up to 75% of your income. This means you won’t have to rely on a lump sum amount from your Trauma Cover, and can receive a regular income as well.