Zurich life insurance

Learn more about Zurich life insurance

Last reviewed 28 January 2022

Why choose Zurich life insurance?

  • A flexible approach to life insurance, making it easy to make changes throughout your policy.
  • Three types of cover to choose from. You can choose level cover, rising cover or decreasing life cover.
  • A 24-hour confidential health and wellbeing service offers support on a wide range of issues.

Zurich sets out to offer flexible life insurance cover to suit you and your family’s circumstances. You also get 24-hour access to Zurich Support Services, a confidential health and wellbeing service that offers support on a wide range of issues, from legal problems to mental health.

In line with Zurich’s flexible approach to life cover, there are various changes you can make during the term of the policy, including adding or removing any of the additional benefits on the policy.

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Who is Zurich?

Founded in 1872, Zurich is now one of the world’s leading insurers, providing a wide range of insurance, pensions and investment products. Zurich Insurance Group is headquartered in Zurich, Switzerland and listed on the Swiss stock exchange but has a significant presence in this country, employing over 4,500 people across various UK locations.

Zurich’s UK insurance offering is also relatively diverse, providing life insurance, home insurance, car insurance and travel insurance, as well as various niche products like boat insurance. Zurich allows you to combine critical illness cover with its life insurance offering.

For every life insurance policy purchased, Zurich pledges to plant one tree with non-profit organisation Tree Nation as part of the fight against climate change.

In the UK, Zurich life insurance is offered by Zurich Assurance Ltd which is regulated by the UK's Financial Conduct Authority and the Prudential Regulation Authority.

What types of life insurance do Zurich offer?

Zurich offers a variety of life insurance types to suit your needs. At the start of your life insurance plan, you can choose between the following:

  • Level cover
  • Increasing cover
  • Decreasing cover

Level cover means the amount of cover will remain the same throughout the policy, unless you choose to change it. The downside with this is that inflation can erode the real value over time.

Increasing cover means your cover amount increases in line with inflation. But it also means your payments will increase each year as well.

Decreasing cover, on the other hand, means your cover level reduces each year as the amount you owe on your mortgage declines. Zurich also lets you change the rate at which the cover level decreases at any time.

What benefits does Zurich life insurance include?

The Zurich Life Protection policy offers life insurance, critical illness cover and both types of cover together. The life cover element pays out a lump sum if you die as well as if you’re diagnosed with a terminal illness and have a life expectancy of less than 12 months.

You can also add further benefits to your policy at extra cost, with the benefits available depending on whether you have chosen life insurance, critical illness cover or both.

The Zurich Protection Plan means you can choose the amount of cover and how long you want it. The term for Zurich’s life insurance and critical illness cover is limited to between 1 and 5 years. While the life cover has a maximum length of 50 years, its 40 years for the critical illness cover.

Children’s benefit is available with Zurich’s critical illness cover. Zurich will pay the lower of £25,000 or 50% of the lump sum if your child is diagnosed with a critical illness during the policy term.

Some policies include Zurich’s milestone benefit, which means you won’t have to tell Zurich about changes in you circumstances when you want to increase the amount of cover on your policy provided this is done within 90 days of a significant event, including moving house, having a child or getting married.

Similarly, Zurich lets those with a joint policy cancel and start individual policies instead in the event of a separation, divorce of the dissolution of a civil partnership – it means you could enter into a new policy without having to give Zurich additional information about your personal circumstances.

Zurich offers a range of life insurance policies and types. Not all policies and types may be available through our website. Before buying life insurance we recommend you check the cover and benefits included.

Can I cancel my Zurich life insurance policy?

You can cancel your life insurance policy at any time. You should always think carefully before deciding to cancel a life insurance policy as it means you and your family will lose the protection the cover offers.

Tell Zurich about your decision to cancel either in writing or over the phone. If you cancel within the first 30 days of taking out your policy, it will refund any payments you’ve already made. When you cancel after the first 30 days, you no longer have to pay your monthly payments and your cover will end but you won’t be entitled to any refund on the premiums you’ve already paid.

It's important to remember that some insurance providers may charge a administration fee for making any changes to your policy, including cancellation.

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Contact Zurich

You can contact Zurich by phone, on 01793 514 514

You can also write to Zurich at the following address:

Zurich Assurance,
Tricentre One,
New Bridge Square,
SN1 1HN.
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