Zurich Financial Services updates life risk lines
|
|
Zurich Financial Services has implemented a major update of its life risk products effective from April 1 in what it is describing as a bid to help Australians through the current period of economic instability.
The company announced today that it was delivering changes and improvements in key areas of product quality, new pricing and technology aimed at complementing the wealth protection strategies of many advisers and their clients.
The changes see premium reductions for Zurich's death and total and permanent disablement policies, particularly in the 35 to 55 age range, with trauma cover pricing seeing both increases and some reductions and income replacement premiums being increased by 2 per cent across the board.
Commenting on the move, Zurich head of life risk Colin Morgan said the product changes were intended to provide clients with greater protection for conditions where it really mattered.
He said for advisers, the company had aimed at making the cover easier to explain to its clients.
AUTHOR
Mike Taylor
Recommended for you
The profession is up by almost 200 advisers for the new financial year, with August continuing the consistent weekly positive gains.
WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acquisitions.
The Australian Wealth Advisors Group has entered into a joint venture with a Melbourne financial services firm to launch a wealth manager.
Remediation and litigation costs have led AMP to announce a reduced statutory net profit after tax of $98 million for the first half of 2025.
