This is the ultimate review to guide you through the ins and outs of Zurich life insurance. You might already know that Zurich has several different contract options.
Some are great. Some are less useful. Some are simply too expensive.
So, if you want to get better value for money from your insurance contract, as well as indicative quotes and tips to lower your insurance premium, then you’ll probably love the following article.
Let’s dive right in!
Table of Contents
Is Zurich the best life insurance for you?
When taking out life insurance, there are so many things to think about. Life insurance is one of the most important insurance plans to have, as it is the best way to protect your loved ones if something happens to you.
Zurich life insurance has a lot to offer. Here are the main points that you should look at before taking out life insurance with Zurich .
4 Safe overall rating for Zurich
|Rating Criteria||Safe Rating||Our Review|
|Customer service satisfaction, claims and support|
Average rating of 3.2/5 on TrustPilot.
Term life insurance is offered for up to 50 years.
|Value for money|
With the money gotten from each policy, Zurich promises to plant a tree.
In 2018, Zurich paid out 96% of its life insurance claims in the UK.
|Apps and technologies|
Quotes can be gotten online.
Expert and customer satisfaction reviews for Zurich
|Review organisation||Consumer satisfaction rates for Zurich Life insurance|
|Trustpilot||3,2/5 based on 271 reviews|
Zurich insurance in a nutshell
In summary, here are the main features you need to know when taking out life insurance with Zurich .
|Minimum age||16 years|
|Maximum age||83 years|
|Pay-out||Up to £40m|
|Life insurance with free gifts||£100|
What are Zurich life insurance policy types?
When choosing life insurance, you have to make a lot of important decisions. You have to choose between different policy types to find which one would best cover your needs. As the first big choice, you have to choose between:
- Term life insurance. Term insurance splits into two types: level term or decreasing insurance. If you choose a term insurance, once again you would have to choose between these two. Sometimes, there is an increasing term insurance option.
- Whole of life insurance. This insurance will pay out when the policyholders die. Not all insurers offer this type of coverage.
What is Zurich term life insurance?
There are two term life insurance options:
- Level cover guarantees that your loved ones get a payment if you die during a specific period of time. You will receive the same amount during a fixed period. Life insurance can be for 5,10, 20 years, etc., depending on your needs.
- Decreasing cover guarantees that your loved ones get a payment if you die during a specific period of time. The amount decreases over the policy term. It is really useful if you have a loan, as the price tends to decline over time. You can choose an increasing cover as well.
|Criteria||Zurich life insurance|
|Minimum term||1 year|
|Maximum term||50 years|
|Pay-out||up to £40 000 000 |
|Minimum monthly premium||£5|
|Extras or any interesting facts|
Should you take level or decreasing term life insurance?
Zurich offers two types of term life insurance: one is level life insurance, the other one is decreasing life insurance.
|Zurich term life insurance (level)|
|Zurich decreasing term life insurance, also known as life insurance for mortgage|
Some providers also propose increasing life insurance, which is a similar concept as decreasing life insurance, but with the premiums getting higher rather than lower.
Zurich offers increasing cover and this means that the cover amount will be increased by either 3%, 5% with regards to the inflation rate, up to a maximum of 10% per year. Your premium will be increased by up to 1.5% for every 1% increase in protection.
Can you take out a Zurich plan life insurance with someone else?
Yes, you can either have a single or a joint policy at Zurich .
Taking out a joint policy covers two people that are together under the same policy. In the end, it is cheaper than two single policies. It covers both of your contributions to the family. It only pays out once, and the sum will be given to the other partner if one dies. It leaves the surviving member of the couple without life insurance after the death of the first partner.
Taking out a single policy pays for one person only. It pays out the amount chosen. Taking out two policies is more expensive, but you can choose the level you want, and it’s beneficial if the two partners don’t need to be insured at the same level.
What are Zurich life insurance extras?
You can add these extras at additional cost to your Zurich life insurance:
|Payment Protection Benefit|
The payment protection benefit can only be added to the life insurance with critical illness cover and in the case that the policyholder is unable to work as a result of an illness or injury, a monthly income is paid to he/she. The age limit for this optional extra is 59.
|Waiver of Premium Benefit|
With the Waiver of Premium benefit that Zurich offers, your insurance premiums will be paid on your behalf if you can’t work due to illness or injury for up to six months or more.
|Cover for children|
|Zurich Support Service|
This optional extra service provides up to six sessions of free and professional counselling for policyholders and their family members.
Should you take out Zurich life insurance critical illness cover?
What is critical illness cover?
It is an extra that can be added to your policy, or can be combined with your standard life insurance. It pays out if you contract a disease. The illness developed must be specified in your policy contract. The most common illnesses covered are cancer and heart attacks, etc. If you become really ill, your insurance will pay out exactly as if you’ve passed away.
Is Zurich the best critical illness cover?
Here are the main features when you take out Zurich life insurance with serious illness:
|Criteria||Overall life insurance and critical illness cover|
The Life and Critical illness cover that Zurich provides offers the following:
|What should you know about Zurich critical illness cover?|
How much is Zurich life insurance?
The big question is knowing how much life insurance you’ll need. Your answer to this question (as well as your age) will mainly determine the price of your life insurance:
However, your life insurance price will also depend on several factors:
- Your medical conditions
- Whether or not you are a smoker
- Which add-ons you add to your life insurance
- Your salary
- The coverage you want
- Whether you take out a joint policy or not
So you must ask yourself the relevant questions for your own situation, for example: Do you have a loan? Do you have savings? Do you have debts? Do you have a family? Does your job offer protection?
How to contact Zurich life insurance?
Here are all the important phone numbers for contacting Zurich life insurance:
|Service||Phone Numbers||Opening Hours|
|Get a quote at Zurich||0800 008 3021||Mon-Fri 8am-8pm, Sat 9am-2.30pm|
|How to claim at Zurich||0370 243 0827||Monday to Friday 9am to 5pm|
|How to cancel at Zurich|
0370 333 1500
|Monday to Friday 9am to 5pm|
What are Zurich general contact details?
You will find in this table all the general contacts that you would need if you want to reach Zurich life insurance:
Zurich Assurance Ltd.
How to claim at Zurich life insurance?
You will find on this table the different possibilities for reporting a claim on your Zurich life insurance:
|How to claim on your life insurance at Zurich ?|
|When to claim?|
Within the first 30 days
|Claim by mail|
Zurich Assurance Ltd.
|Claim by email||[email protected]|
To make a claim online, click on the life insurance claim option on the Home Page and fill out the claims form online.
|Claim by phone||0370 243 0827|
How to cancel my Zurich life insurance?
You will find on this table the different ways to cancel your Zurich life insurance:
|How to cancel your life insurance at Zurich|
|Cancel by mail|
Zurich Assurance Ltd.
|Cancel by email|
|Cancel online||Not available|
|Cancel by phone|
0370 333 1500
How do I get Zurich life insurance quotes?
Here are the different ways to get a life insurance quote at Zurich :
|How to get a life insurance quote at Zurich|
|Quote phone||0800 008 3021|
How do I log into Zurich life insurance?
Go to the Zurich LIfe Insurance website, click on “Log in” option and enter your details to be able to gain access to and manage your insurance policy.
Do we recommend Zurich life insurance?
Zurich has been providing insurance services for up to 130 years and they have gotten very good reviews from review websites and even a 5 star review from Defaqto. Zurich offers two major types of life insurance policies; The Life cover and the Life cover and Critical Illness policy. The Critical Illness policy option supports the addition of optional extras like Multi-fracture cover and Cover for children. One bad side about this insurance company is that their policy document is not easily accessible on their website and some important contact details are not available. However, they are known to provide reliable and affordable insurance services and they are recommended.
Life insurance is a contract between an insurance company and the policyholder. In exchange for an annual or monthly premium, the insurance company agrees to give out to a designated beneficiary a lump sum if the policyholder were to pass away.
Like with other types of insurance, it is a standard procedure: the policyholder pays a premium to a provider, with an agreed level of cover.
Yes, it is worth getting life insurance when people depend on you financially, like your family.
Lots of life insurance providers offer free gifts:
– Royal London
– Legal & General
– Shepherds Friendly
– British Seniors Insurance Agency
How much life insurance in the UK is depends on a lot of factors. However, with our data, we calculate that the average monthly cost of life insurance is £15. Of course, the price will depend on whether you take out joint or single life insurance, and the term of your insurance if you are not taking out a whole life insurance policy.
There are lot of life insurance policy that have interesting features. Depending on these features, you can decide if this life insurance suits you.
To find what is the best life insurance for you, use our tool to compare prices and offers from all the insurers on the market instantly.