Zurich cuts life insurance premiums

Jul 21, 2011 - xLife

Zurich Insurance has recently announced that it will be cutting life insurance premiums effective immediately.

The announcement relates to the release of Zurich's new stepped premium structure, which is designed to take advantage of their broadened rate.

The new premiums are set to benefit those in the 40 plus age bracket, and will also be one of the market leaders in life and TPD for those in the 50 plus bracket.

Life insurance cuts extended to existing policy holders

Zurich has extended the premium cuts to all TPD cover and Stream 2 death cover policies, written on or after April 2009, as they renew from 15 August onwards.

Zurich's life insurance policy features

Zurich has also included some of the following market leading policy features for both Life and TPD insurance:

A unique in-built Accidental injury benefit on life cover
A new in-built TPD buy-back benefit
A new related policy feature, giving more options to structure cover inside and outside superannuation