Zurich is a global insurance company which is organized into three core business segments: General Insurance, Global Life and Farmers. Headquartered in Zürich, Switzerland, Zurich employs almost 54,000 people serving customers in more than 170 countries and territories around the globe. It is the world’s 117th largest public company.
Zurich’s life insurance policy provides a lump sum if you die or become terminally ill with less than 12 months to live; money which can be used to cover your mortgage or other financial commitments you don’t want to leave behind for someone else to deal with. The policy can cover one person or two people jointly. Monthly premiums are from £5 per month but will depend on your personal circumstances – for example, your age, health, occupation, whether you smoke, or how long it is since you stopped smoking. To qualify you must be 16-83 years old.
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Over 50s Life Insurance
Zurich does not offer over 50s life insurance.
Mortgage Life Insurance
Mortgage Life Insurance is used to cover your monthly mortgage repayments if you’re no longer able to pay due to ill health or unemployment. It is taken out for a fixed number of years, decreasing each month and will reducing to zero by the end of the term. If you wish to change the rate at which your policy decreases after the start date you can do so at any time. You can choose a fixed interest rate between 2% and 18% per year. Monthly premiums are from £5 per month.
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Critical Illness Cover
With Critical Illness cover a claim can be made upon diagnosis of one of Zurich’s 40 covered critical illnesses. Monthly premiums are from £5 per month. You can only take out critical illness with a Zurich life insurance policy but you can choose how much cover you would like, and for how long, and you can also add cover for your children. To qualify you must be 16-69 years old with a minimum term of 5 years.
Whole Life Insurance
Zurich does not offer whole of life insurance.
Income Protection Insurance
Zurich does not offer income protection insurance.
Zurich offers an extensive range of car, home, boat and travel insurance products, as well as savings, investments, ISAs and pensions.
Zurich Reviews and Ratings
Online reviews for Zurich are fairly mixed, with many customers happy with the premiums and level of cover, and how quick and easy it is to set up the policy. Many others, however have had negative experiences with reports of unhelpful staff, slow claims handling and poor customer service.
- A global insurance company covering 170 countries worldwide
- Competitive monthly premiums from £5 per month
- Critical Illness Policy covers over 40 critical illnesses
- A large range of related insurance products available
- 5 Star Defaqto Rating
- Decent online resources and supporting information available
- Free £100 gift voucher for new customers
- Many negative reviews including poor claims handling and slow customer service
- Premiums based on lifestyle and occupation factors
- Over 50s Life Insurance not offered
- Income Protection Insurance not offered
- Contact centre not open on weekends