A broader range of commission options for advisers is among a number of product and service enhancements made by Zurich Financial Services to its range of life risk policies.
The expanded range of commissions will cater for the “needs of different risk practices, from those getting established to other mature businesses”, according to strategic marketing manager Marc Fabris.
Other benefits for advisers include improvements to the risk quotation software to “make obtaining quotes a faster and simpler process”, Fabris said.
An ‘SOA helper’ is also being offered to advisers as part of the upgrade to make preparation of statements of advice for Zurich products easier.
Among the enhanced policy benefits for consumers are improved definitions for a number of trauma conditions, such as cancer, stroke and angioplasty, and also for income replacement.
Other benefits include increased maximum entry ages for most products and a higher available TPD cover — up to $3 million — for Zurich Protection Plus.
Additionally, Zurich has “improved its premium rates for trauma to be more competitive at higher sums insured,” Fabris said.
Meanwhile, Zurich has today announced the launch of a general insurance operation in New Zealand, headquartered in Auckland.
Zurich New Zealand will target the mid-market sector with products in liability, property, financial lines, motor fleet (heavy and light) and global.
