Zurich Financial Services Australia will offer eligible policyholders a 5% discount on death and income protection cover when both policies are taken out with Zurich.
The discount, dubbed Zurich SmartValue, will be available from 2 May and will also apply to any other lump sum benefit added to the death cover so that a package of policies made up of death, TPD, trauma and income protection would each qualify for the SmartValue discount on all covers.
Zurich’s quotation and application platform, ZXpress, will reflect the new pricing with the discount applying automatically to eligible new policies, with Zurich also reducing income protection premium rates by 10% for some white collar professionals.
“…we also wanted to encourage customers to put the building blocks of death and income protection in place, which is why we are rewarding them for doing so…”
Zurich Life and Investments, General Manager, Philip Kewin said the discount was designed to assist customers get foundational insurance in place and was part of the insurers plan to provide product innovations that were simple, affordable and sustainable.
“With SmartValue we have addressed all three areas, introducing an easy to understand discount which makes cover more affordable now, and in the future, but we also wanted to encourage customers to put the building blocks of death and income protection in place, which is why we are rewarding them for doing so,” Kewin said.
“These pricing initiatives will enable advisers to recommend cover packages with far more confidence about both the affordability and the quality of the underlying products, two factors that are becoming increasingly important in the current market environment.”
Ho hum ?? Really ?? This is just Zurich catching up with the rest of the field.
Cant someone come up with something unique and “awesome” that will make the client and adviser sit up and take notice
Comments are closed.