{"id":73485,"date":"2024-10-01T09:21:40","date_gmt":"2024-09-30T23:21:40","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=73485"},"modified":"2025-03-14T12:02:19","modified_gmt":"2025-03-14T01:02:19","slug":"zurich-launches-new-tpd-option","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/10\/01\/zurich-launches-new-tpd-option\/","title":{"rendered":"Zurich Launches New TPD Option"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div class=\"header row\">\n<div class=\"intro\">\n<h3>Zurich&#8217;s launch of an &#8220;industry-first&#8221; TPD offering designed to cover ongoing care requirements drew strong reader interest this week&#8230;<\/h3>\n<\/div>\n<\/div>\n<p>Zurich Australia has announced the launch of a new Total and Permanent Disability offering designed specifically to cover ongoing care requirements in the event of a severe accident or illness, which the company describes is an \u201cindustry-first\u201d.<\/p>\n<p>Zurich notes that TPD cover provides a lump sum payment if an individual becomes totally and permanently disabled and is unable to work.<\/p>\n<figure id=\"attachment_66336\" aria-describedby=\"caption-attachment-66336\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2023\/06\/jacqui-lennon-2022-481-e1687307140379.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-66336\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2023\/06\/jacqui-lennon-2022-481-e1687307140379.jpeg\" alt=\"\" width=\"150\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-66336\" class=\"wp-caption-text\">Jacqui Lennon<\/figcaption><\/figure>\n<p>Its new <a href=\"https:\/\/advisers.zurich.com.au\/continuouscare.html\" target=\"_blank\" rel=\"noopener\">Continuous Care<\/a> option \u201c\u2026allows for a more tailored TPD solution by providing specific cover in the event of more severe accident or illness that requires ongoing support from a carer \u2013 whether provided by a professional or a family member \u2013 and\/or modification of an individual\u2019s home or vehicle.\u201d<\/p>\n<p>The firm says Continuous Care is \u201c\u2026designed to improve the affordability of traditional TPD products by allowing individuals to better structure their cover to meet their financial needs.\u201d<\/p>\n<p><strong>\u00a0Jacqui Lennon<\/strong>, Head of Retail at Zurich, says advancements in modern medicine, paired with significant changes to the makeup of Australia\u2019s workforce, have led to almost 80% of Zurich TPD claims* not requiring ongoing, continuous care.<\/p>\n<blockquote><p>&#8230;This landscape shift, paired with cost-of-living pressures, has created the need for a modern TPD solution&#8230;<\/p><\/blockquote>\n<p>\u201cThis landscape shift, paired with cost-of-living pressures, has created the need for a modern TPD solution that provides customers with more control over the structure and affordability of their cover,\u201d she says.<\/p>\n<p>The insurer notes the launch of the new option comes as part of a broader suite of changes to TPD and Income Protection products across the Zurich and OnePath brands, including:<\/p>\n<ul>\n<li>Changes to assessment periods<\/li>\n<li>Improved rehabilitation offering<\/li>\n<li>Simplification of definitions and premium labels<\/li>\n<\/ul>\n<p><a href=\"https:\/\/advisers.zurich.com.au\/continuouscare.html\" target=\"_blank\" rel=\"noopener\">Click here<\/a> for more information on Continuous Care.<\/p>\n<p><em>*Based on a representative sample of Zurich TPD claims made between 2022 and 2024.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Zurich&#8217;s launch of an &#8220;industry-first&#8221; TPD offering designed to cover ongoing care requirements drew strong reader interest this week&#8230; Zurich Australia has announced the launch of a new Total and Permanent Disability offering designed specifically to cover ongoing care requirements in the event of a severe accident or illness, which the company describes is [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":73490,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,4,8291],"tags":[],"class_list":{"0":"post-73485","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-company-news","8":"category-products","9":"category-story-of-the-week"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/73485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=73485"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/73485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/73490"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=73485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=73485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=73485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}