About Zurich
Zurich Australia is Australia’s 3rd largest insurer.
Zurich Australia is a subsidiary of the Zurich Insurance Group, one of the world's largest and most experienced insurance companies. Zurich has been operating in Australia since 1920 and is a market leader for product innovation as well as industry research and claims experience.
Due to it's size, Zurich is generally competitive across a range of occupations from light blue collar to white collar.
Insurers’ Claims Acceptance Rates
This data ranges from 1st January 2023 to 31st December 2023 and are sourced from Income Protection claims where policies were purchased through an adviser channel.
Claims Paid By Zurich
In 2023, Zurich paid $830m in Life Insurance claims to 7456 customers. 67% of the total claims paid were for Income Protection, followed by Death and terminal Illness, TPD and Critical illness at 14% ,13% and 6% respectively. The most common causes of claim in order were:
Musculoskeletal
Cancer
Mental Health
Cardiovascular
Insurance Products By Zurich
Discounts Offered By Zurich
Zurich offers various discounts to encourage comprehensive coverage, including multi-policy discounts and special offers related to health initiatives.
Zurich Loving Life
Access to 7,900 lifestyle and entertainment offers providing discounts of up to 20% for dining, travel, shopping and more.
SmartValue Discount
All Life, TPD, and Trauma policies are offered a 17.5% SmartValue discount which applies for the life of the life of the policy. This can be accessed through quotes from a broker or financial adviser.
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Want to learn more about Zurich?
To learn more about Zurich Australia and explore their comprehensive insurance solutions, you can review the Zurich Australia Product Disclosure Statement (PDS).
