Zurich UK increases Life Insurance protection

Thursday, July 29, 2010

Insurance giants Zurich UK Life have announced the launch of an enhanced deal for customers, when it comes to their Life Insurance package. Their level protection range has been modified to make it easier for clients to change their policy when their individual circumstances change.

Zurich now offer both convertible and renewable options for their product, which means customers are able to change their policy at a later date without having to undergo additional medical checks or supply medical evidence. Both Life cover and Critical Illness cover benefit from the renewable option, while only Life Insurance products can be considered for the conversion at a later stage following purchase.

In addition, Zurich have enhanced their support information, so insurance advisers can easily communicate the changes and options to existing and potential new customers. The support materials are accessible at the Zurich website (Zurich4protection.co.uk).

Peter Hamilton, director of Protection Management, commented: “We recognise that people’s circumstances change, and that over the term of a plan people’s protection needs may change. It’s vitally important that our proposition evolves to reflect these changing needs.”

The Zurich Financial Services Group are an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe, as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries.

The firm won ‘Life Insurance Company of the Year’ last year, for its outstanding service to the insurance industry, customer service and product suite. This was a closely fought award with HSBC Insurance, NFU Mutual and Wesleyan Assurance Society (last year’s winners) all being short-listed for the top prize.