- Applying for cover?
- Existing Customers
- Endorsements
These PDSs explain our on-sale products. If you have a policy from one of the product suites below, but the policy you applied for started before the date of the current PDS, then you can find the PDS that applies to you in our PDS archives under the Existing Customers tab.
You can also find PDSs for products that we no longer offer to new customers in the same location.
Ezicover
Zurich Ezicover Life Insurance Insurance PDS
723 KB,
pdf
Zurich Ezicover Income Protection Insurance PDS
799 KB,
pdf
A separate management fee no longer applies to quotes for new insurance cover prepared on or after 24 February 2024. Policies replacing existing Zurich cover may continue to have a management fee. The premium illustration available from your financial adviser before you apply for cover, and your policy schedule, will show any applicable management fees and the total premium for the first year.
Where applicable the management fee amounts are being indexed in line with CPI effective 1 March 2024.
This information replaces the information set out under the heading ‘Management fees and stamp duty apply’ on page 74 of the Zurich Wealth Protection PDS, dated 27 September 2021.
Management fees may apply to your policy. The management fee contributes to the cost of managing the policy. The premium illustration available from your financial adviser before you apply for cover, and your policy schedule, will show any applicable management fees. If we increase the management fee (other than fee indexation which is explained below the table) we’ll tell you about the change at least 30 days before it takes effect.
The fee payable depends on your selected premium payment frequency, as shown below.
|
For policies from 24 February to 29 February 2024 |
For policies from 1 March 2024 to 28 February 2025 |
||
Premium |
Management fee payable |
Yearly |
Management fee payable |
Yearly |
Monthly |
$11.02 |
$132.24 |
$11.47 |
$137.64 |
Quarterly |
$33.01 |
$132.24 |
$34.36 |
$137.44 |
Half-yearly |
$55.04 |
$110.08 |
$57.30 |
$114.60 |
Yearly |
$110.07 |
$110.07 |
$114.58 |
$114.58 |
Our published management fee changes each year on 1 March, in line with any change in the consumer price index (CPI). The new management fee is based on the annual percentage change in CPI published for the most recent December quarter. We’ll confirm the fee each year when we send you a policy anniversary notice. You can also find updated management fees on our website, at zurich.com.au.
Stamp duty is a government charge
State governments impose stamp duty on life insurance policies and those duties vary from state to state. Any stamp duty that applies is included in the cost of your policy, generally as a separately stated amount. If changes in the law or a change in the life insured’s residency result in a higher rate of stamp duty, the extra duty will be added to your premium or deducted from insurance benefits.
Other charges may apply
Goods and Services Tax (GST) isn’t currently payable on insurance premiums for the policies described in this document. Direct debits from your financial institution may incur an extra fee, charged by your financial institution.
PKEU-021757-2024
As part of our commitment to providing you with the highest standards of service, we have adopted the Life Insurance Code of Practice (the code). If you would like more information about the Code, please visit our website at zurich.com.au/licop.
The following information replaces the information set out on page 3 of the Zurich Wealth Protection PDS dated 27 September 2021 in its entirety.
Life Insurance Code of Practice (Code)
The Code sets out insurer’s obligations to consumers during all stages of the life insurance process including:
As a subscriber to the Code, we make a number of key promises to consumers, including commitments to be honest, respectful and clear in all our interactions and communications. The Code also requires us to be fair, timely, transparent and accountable when providing services. Specific trauma definitions apply to the first $2 million of any trauma cover issued on or after 1 July 2017, which is when the Code began. At claim time, where there is a trauma definition in the Code for your trauma condition, we’ll assess your claim against both the:
You’ll qualify for a benefit if the life insured meets either of the definitions. The Code Compliance Committee will regularly review the specific trauma definitions in the code. We’ll automatically apply updated definitions to your policy once they are part of the Code. If you would like more information about the Code, please visit our website at zurich.com.au/licop. KMUY-019771-2023 |
As part of our commitment to providing you with the highest standards of service, we have adopted the Life Insurance Code of Practice (the code). If you would like more information about the Code, please visit our website at zurich.com.au/licop.
The following information replaces the information set out on page 3 of the Zurich Active PDS dated 27 September 2021 in its entirety.
Life Insurance Code of Practice (Code)
The Code sets out insurer’s obligations to consumers during all stages of the life insurance process including:
As a subscriber to the Code, we make a number of key promises to consumers, including commitments to be honest, respectful and clear in all our interactions and communications. The Code also requires us to be fair, timely, transparent and accountable when providing services. If you would like more information about the Code, please visit our website at zurich.com.au/licop. KMUY-019771-2023 |
This information updates the information set out on page 77 of the Zurich Active PDS, dated 27 September 2021.
The example in the section “Funding for time off or the cost of treatment” for Sarah incorrectly states that the claim protector feature could pay a benefit for terminal illness or death at the end of the example. In accordance with the policy conditions for the claims protector feature (on page 26 of the PDS), the feature does not apply to death or terminal illness cover. The example is replaced with the following example:
Sarah has a Zurich Active Cover policy with an initial amount of cover of $600,000. Like Anil, Sarah took Active Cover because she wanted to cover against unexpected health concerns. Four years after taking out her policy, Sarah is diagnosed with gastrointestinal disease. Sarah experiences some very severe symptoms and has two stints in hospital. As Sarah’s condition is a defined health event under her policy (Digestive system table, category B: gastrointestinal disease, evidenced by...), we’ll pay the category B benefit of $390,000 (65%). Sarah’s cover is reduced to reflect the claim. Her maximum amount payable for any future claim is then $210,000. Two years later, Sarah’s condition deteriorates, and she meets a more severe category A definition of the same condition. We’ll pay the difference between the benefit categories for the two events, which is the maximum benefit amount of $210,000 (100%-65%). Sarah’s claim will reduce the cover to nil, making it less than the protected amount of $150,000 (25% of the initial amount of cover). Although Sarah is now seriously ill, she’s not yet 65, so the claim protector will kick in 14 days after her claim. Even though she’s been paid $600,000 under the policy, she has a new maximum amount payable of $150,000 in place. That cover can be claimed for an unrelated future health event. |
The same correction applies for the information set out on page 77 of the Zurich Active PDS, dated 29 March 2021 (supplemented 4 May 2021).
DARN-018941-2022
This information updates the information set out on page 74 of the Zurich Wealth Protection PDS, dated 27 September 2021.
The amounts set out in the PDS were current up to 27 September 2021 and subsequently updated on the Zurich website on
1 March 2022. From 1 March 2023, the management fees will be indexed in line with the change in the consumer price index.
The new management fees are as follows:
| Premium frequency | Management fee payable | Annual equivalent |
| Monthly | $11.02 | $132.24 |
| Quarterly | $33.01 | $132.24 |
| Half-yearly | $55.04 | $110.08 |
| Yearly | $110.07 | $110.07 |
The management fees in the table apply for new policies from 1 March 2023 until 29 February 2024. Our published management fee changes each year on 1 March, in line with any change in the consumer price index (CPI). The new management fee is based on the annual percentage change in CPI published for the most recent December quarter.
If there is no PDS issued on 1 March in any year, we will advise the updated policy fees on our website, zurich.com.au
MMEA-019511-2023
Zurich Australia Limited ABN 92 000 010 195 AFSL 232510 has re-located its head office.
All references to “5 Blue Street North Sydney NSW 2060” in the following PDSs are replaced with “118 Mount Street North Sydney NSW 2060”:
- Zurich Ezicover Income Protection, with issue date 27 May 2019
- Zurich Ezicover Life Insurance, with issue date 1 November 2018
- Zurich FutureWise, with issue date 1 October 2016
- Zurich FutureWise (Supplementary PDS), with issue date 27 May 2019
- Zurich Insurance-only Superannuation Plan, with issue date 27 May 2019
- Zurich Superannuation Plan and Zurich Account-Based Pension, with issue date 1 July 2019
- Zurich Superannuation Plan Optional Protection Benefits, with issue date 1 July 2019
Contact details in the above documents are otherwise unchanged, including the postal address: Locked bag 994 North Sydney NSW 2059.
MMEA-016261-2020
The Zurich Wealth Protection Financial planning advice reimbursement benefit will continue to be a ‘standard built-in benefit’ of the product and be payable in the circumstances described in the PDS. For applications for a Zurich Wealth Protection policy to be issued into the Zurich Insurance-only Superannuation Plan of the Aon Master Trust made from 18 December 2017, the benefit will not form part of the main policy contract terms. Instead it will be provided under a separate insurance certificate, made by Zurich directly to the Life Insured.
Insurance Certificate from Zurich Australia Limited Financial planning advice reimbursement benefit for Zurich Australia Limited (Zurich) undertakes to provide an additional payment to help reimburse the cost of financial planning advice which you or your dependants may take about how to best use a benefit to be paid under a policy held for you by the trustee of the Zurich Insurance-only Superannuation Plan, a division of the Aon Master Trust (Fund). Zurich will provide the Financial planning Advice Reimbursement Benefit (Benefit) in recognition of your contributions to the Fund, which the Fund trustee will use to pay the premiums for the insured benefits from that Fund that are financed by your policy. However, the Benefit is not provided by your policy in the Fund, but as an additional payment under this Certificate, that is provided directly to you or your dependants by Zurich. Zurich will require a copy of the Statement of Advice and invoice from a licensed financial planner as proof of the expense before the Benefit can be paid. This reimbursement is only paid once in respect of each policy held by the Fund trustee for you, is payable directly to the person who incurred the expense and may be split between them where more than one of your dependants takes advice and seeks reimbursement. The maximum total reimbursement amount was described in the product disclosure statement for your policy. The Benefit is separate from and replaces of any benefit of this type described in your policy document. |
The Zurich Wealth Protection Product Disclosure Statement with issue date of 15 May 2017 (20 April 2017 Preparation Date) is accordingly updated as follows:
- The heading ‘In built policy provisions’ is replaced with ‘Additional in-built product features’ on pages 6, 7 & 10
- The following words are added to the explanation of the ‘Financial planning advice’ reimbursement benefit at the foot of page 17.
This benefit is provided under a separate policy certificate provided by Zurich, and not as part of the Zurich Protection Plus policy contract terms.
The contact number for the Financial Ombudsman Service (FOS) has changed. The following PDSs are updated to reflect that change:
- Zurich Wealth Protection, with issue date of 15 May 2017
- Zurich Active, with issue date of 15 May 2017
- Zurich Sumo, with issue date of 15 May 2017
- Zurich FutureWise, with issue date of 1 October 2016
The Complaints resolution section on the inside back cover of the Zurich Wealth Protection, Zurich Active and Zurich Sumo PDSs and on page 60 of the Zurich FutureWise PDS, is updated to include the new free call number, as set out below:
Complaints resolution
If you have a complaint about any product described in this PDS, you should contact Zurich Customer Care on 131 551. We will aim to acknowledge any complaint within 5 days and to resolve your complaint within 45 days. If you are not satisfied with the response you receive from us, or we fail to resolve the complaint within 45 days, you can raise the matter with the Financial Ombudsman Service (FOS). FOS is an independent body designed to help you resolve complaints relating to your Zurich product, as well as complaints relating to financial or investment advice and sales of financial or investment products.
You can contact FOS at GPO Box 3, Melbourne VIC 3001.
The telephone number is: 1800 367 287 (or 1800 FOS AUS) and the email address is: info@fos.org.au.
If you wish to complain about a policy which is held in super, you will need to contact the superannuation fund trustee.
As a member of the Financial Services Council of Australia (the FSC), Zurich is bound by the Life Insurance Code of Practice (the Code) with effect from 1 July 2017. The Code outlines the standards that we are committed to in providing life insurance services to you. The Code can be found at www.fsc.org.au.
This information updates the information set out in the Zurich Wealth Protection, Zurich Active and Zurich Sumo PDSs, all dated 15 May 2017 and the Zurich FutureWise PDS dated 1 October 2016, but only in relation to the eligible products outlined below.
Announcing our commitment to minimum standard trauma definitions for policies issued from 1 July 2017
As part of our commitment to the Code, Zurich is pleased to be able to provide policyholders with even greater certainty about the strength of their trauma insurance definitions.
In order to create a minimum standard across the market for the most commonly claimed trauma conditions, the Code now sets out minimum standard trauma definitions for the following three conditions:
- cancer – excluding specified early stage cancers
- heart attack – with evidence of severe heart muscle damage
- stroke – in the brain resulting in specified permanent impairment.
At claim time, where there is a minimum standard trauma definition in the Code for your trauma condition, we will assess your claim against:
- the applicable definition in our PDS and
- the corresponding minimum standard medical definition in the Code that is current at the time of the insured event
so that you get the better of the two definitions.
The definitions for these conditions have been incorporated into the Code, and can be found on the FSC website www.fsc.org.au. The definitions will be regularly reviewed and updated as necessary to ensure that any required tests, treatments and grading systems are aligned with up-to-date medical practice in Australia. Any updated definitions will automatically apply once they are adopted into the Code.
Eligibility
Minimum standard trauma definitions apply to the first $2million of any trauma cover issued under Zurich Protection Plus and Zurich Child Cover (Wealth Protection), Zurich Child Cover (Active), Zurich Life Insurance (Sumo) and Zurich Trauma Insurance (FutureWise) on or after 1 July 2017. They specifically do not apply to health events cover issued under Zurich Active, which provides tiered benefits for health events and is structured differently to trauma cover. Minimum standard trauma definitions also do not apply to any trauma cover issued as part of an income protection policy.
When we make changes to our products, we pass back as many improvements as we can to existing customers for new conditions occurring after the effective date of the change. Details of our most recent enhancements are set out here. Not all of the improvements will apply to your policy – you should refer to your policy schedule and for more detail about the cover you hold, and contact your adviser if you need more information.
If you have Optional Protection Benefits attached to a Zurich Superannuation Plan (ZSP), then the changes which apply to your cover are the same as those outlined for Wealth Protection for Superannuation Term Life Plus, Superannuation Income Protector and Superannuation Income Replacement (as applicable) – however prior to 2011, the date when each change is effective corresponds to the relevant ZSP PDS issue date and not the Wealth Protection PDS issue date. This is also the case for 2019, when changes are effective 1 July 2019.
Zurich Wealth Protection – Summary of changes
Issue date: 1 October 2024
The above summary document sets out all the changes made to Wealth Protection over time which have been passed back to existing customers under the guarantee of upgrade.
The information below explains the most recent changes on 1 October 2024.
Terms for all of the following improvements can be found in the relevant section of the Zurich Wealth Protection PDS dated 1 October 2024. Where the improvement is in relation to a defined term, please refer to the definitions section.
The upgraded benefits and definitions will only apply to claims arising from conditions which first occur, are first diagnosed, or which first become reasonably apparent on or after the effective date of the change (unless indicated otherwise in the summary). Should the upgraded terms and conditions result in a less favourable outcome in the event of a claim, the original terms and conditions of the Wealth Protection policy under which you applied can be relied upon
Any claims for conditions which first occurred after the effective date indicated, will be assessed against the original terms set out in your policy, as well as the new terms indicated. Zurich takes this ‘dual approach’ to ensure we provide you with the best possible level of protection, as you can qualify under either definition.
Effective from 1 October 2024:
Trauma cover
- We've checked the definitions for trauma cover to make sure they are still relevant to current diagnostic techniques and treatments. We’ve also clarified some trauma definitions but haven’t changed underlying conditions covered.
Income Safeguard
- We've made some changes to the wording for Income Safeguard policies. This will affect how reductions to the total and partial disability benefit from other disability income policies will apply.
- For Income Safeguard policies, we’ve doubled the maximum amount we’ll pay for rehabilitation or retraining expenses payable to service providers, from 12 times to 24 times the insured monthly benefit.
- If you claim on an Income Safeguard policy with a 5-year benefit period and a 30, 60, or 90-day waiting period, we’ll assess the life insured’s ability to work based on their primary occupation at the time of sickness or injury for the whole time you’re getting benefits.
Effective from 27 September 2021:
Trauma cover (Partial trauma benefit only)
The partial trauma payment for angioplasty (minimally invasive cardiac surgery), can be claimed more than once over the life of the policy. However, a claim won’t be paid for angioplasty procedures that occur within six months of each other. From the effective date, only procedures that are within a two-month period or part of the same investigation are subject to a restriction.
The new wording that updates all Zurich Wealth Protection PDSs is as follows:
For angioplasty (minimally invasive cardiac surgery), double vessel procedures completed in two sessions within a two-month period, or that are the result of the same investigation which demonstrated the need for the procedures, will be considered to be one procedure, and a benefit will only be paid once.
The definition of angioplasty (minimally invasive cardiac surgery) is unchanged. You can find our current definition for this condition in the Zurich Wealth Protection PDS dated 27 September 2021.
Effective from 29 March 2021:
All Zurich Wealth Protection policies
- We’ve updated the automatic reinstatement provision in your policy, allowing you 30 days to reinstate cover without assessment if you cancel it, provided you request reinstatement in writing and pay the outstanding premiums. If the cover is reinstated in this period, no benefits will be paid for an event which occurs or is apparent while the policy is cancelled.
- The Premium holiday feature has been re-named to better reflect the effect of pausing cover. This feature allows a break in cover (maximum of 12 months over the life of the policy) to ease financial pressure and is now known as Cover suspension. The feature is otherwise unchanged. Visit the ‘forms’ tab on the zurich.com.au/existingcustomers webpage to access the Cover suspension application form which includes the terms and conditions.
Effective from 27 May 2019:
Death cover, TPD cover and Trauma cover
- The Future insurability provision will now allow a cover increase when the life insured's child turns 18. And exercising the benefit is now more flexible - increases can be made within 30 days of either when the event occurs or the next policy anniversary.
- The Business future cover option no longer expires if it is not used in three consecutive years (with provision for years when an increase could not be supported). The increases can now be made once in any policy year until the option ends.
TPD cover
- We have deleted the word 'Essential' in the name of the non-Platinum TPD cover, which will now be referred to simply as TPD cover. The cover itself is unchanged.
Trauma cover, Child Cover and Income Protection Trauma advancement option
- All of the definitions which apply to trauma cover and child trauma cover have been reviewed to ensure that they are up to date with current diagnostic techniques and treatments. A number of definitions have been updated and most have changed their name to be more transparent about the cover provided, for example the covered event 'malignant cancer' is now 'cancer (excluding early stage cancers)'.
Zurich Active – Summary of changes
Issue date: 1 October 2024
The above summary document sets out all the changes made to Active over time which have been passed back to existing customers under the guarantee of upgrade.
The upgraded benefits and definitions will only apply to claims arising from conditions which first occur, are first diagnosed, or which first become reasonably apparent on or after the effective date of the change (unless indicated otherwise in the summary). Should the upgraded terms and conditions result in a less favourable outcome in the event of a claim, the original terms and conditions of the Active policy under which you applied can be relied upon.
The information below explains the most recent changes on 1 October 2024.
Effective from 1 October 2024:
Health events cover
- We've checked the definitions for health events cover to make sure they are still relevant to current diagnostic techniques and treatments. We’ve also clarified some trauma definitions but haven’t changed underlying conditions covered.All Zurich Income Cover
Income Safeguard
- We've made some changes to the wording for Income Safeguard policies. This will affect how reductions to the total and partial disability benefit from other disability income policies will apply.
- For Income Safeguard policies, we’ve doubled the maximum amount we’ll pay for rehabilitation or retraining expenses payable to service providers, from 12 times to 24 times the insured monthly benefit.
- If you claim on an Income Safeguard policy with a 5-year benefit period and a 30, 60, or 90-day waiting period, we’ll assess the life insured’s ability to work based on their primary occupation at the time of sickness or injury for the whole time you’re getting benefits.
Effective from 29 March 2021:
All Zurich Active policies except Zurich Income Cover
We’ve updated the automatic reinstatement provision in your policy, allowing you 30 days to reinstate cover without assessment if you cancel it, provided you request reinstatement in writing and pay the outstanding premiums. If the cover is reinstated in this period, no benefits will be paid for an event which occurs or is apparent while the policy is cancelled.
All Zurich Income Cover
We’ve added an automatic reinstatement provision to your policy, allowing you 30 days to get cover back on track without assessment if your policy lapses due to non-payment of premium. We’ll tell you about this provision if your policy lapses. Your cancellation advice will explain how to arrange payment of outstanding premium to reinstate your cover. You also have 30 days to reinstate cover without assessment if you cancel it, provided you request reinstatement in writing. If the cover is reinstated in this period for non-payment of premium or because you cancelled it, no benefits will be paid for an event which occurs or is apparent while the policy is lapsed or cancelled.
All Zurich Active policies
The Premium holiday feature has been re-named to better reflect the effect of pausing cover. This feature allows a break in cover (maximum of 12 months over the life of the policy) to ease financial pressure and is now known as Cover suspension. The feature is otherwise unchanged. Visit the ‘forms’ tab on the zurich.com.au/existingcustomers webpage to access the Cover suspension application form which includes the terms and conditions.
Effective from 27 May 2019:
Health events cover
- The Future insurability/Future increases provision will now allow a cover increase when the life insured takes out a new investment property loan or when his/her child starts secondary school. And exercising the benefit is now more flexible - increases can be made either in the six months following the date when the event occurs or at the next policy anniversary.
- All of the definitions which apply to health events and child trauma cover have been reviewed to ensure that they are up to date with current diagnostic techniques and treatments. A number of definitions have been updated, encephalitis has moved to a higher benefit category (benefit category C), and a new event aortic surgery has been added (benefit category D).
Child Cover and Income Protection Trauma advancement option
- All of the definitions which apply to trauma cover and child trauma cover have been reviewed to ensure that they are up to date with current diagnostic techniques and treatments. A number of definitions have been updated and most have changed their name to be more transparent about the cover provided, for example the covered event 'malignant cancer' is now 'cancer (excluding early stage cancers)'.
Zurich Sumo – Summary of changes
Issue date: 27 September 2021
The above summary document sets out the changes made to Sumo over time which have been passed back to existing customers.
Improved benefits and definitions only apply to claims which arise as a result of events or conditions that first occur on or after the effective date of the change. Should the improved terms and conditions result in a less favourable outcome in the event of a claim, the original terms and conditions of the Sumo policy under which you applied can be relied upon.
The information below explains the most recent changes on 29 March 2021 and 27 September 2021.
Effective from 27 September 2021:
Trauma cover (Partial trauma benefit only)
The partial trauma payment for angioplasty (minimally invasive cardiac surgery), can be claimed more than once over the life of the policy. However, a claim won’t be paid for angioplasty procedures that occur within six months of each other. From the effective date, only procedures that are within a two-month period or part of the same investigation are subject to a restriction.
The new wording that updates all Zurich Sumo PDSs is as follows:
For angioplasty (minimally invasive cardiac surgery), double vessel procedures completed in two sessions within a two-month period, or that are the result of the same investigation which demonstrated the need for the procedures, will be considered to be one procedure, and a benefit will only be paid once.
The definition of angioplasty (minimally invasive cardiac surgery) is unchanged. You can find our current definition for this condition in the Zurich Sumo PDS dated 1 April 2020.
Effective from 29 March 2021:
Trauma cover, and income protection cover
The following policy definition has been updated as set out below.
benign tumour in the brain or spinal cord (with neurological deficit) means non-malignant tumour in the brain, pituitary gland or spine, resulting in:
- neurological deficit and
- a permanent and irreversible inability to perform at least one of the activities of daily living.
The impairment must be certified by an appropriate medical specialist.
The presence of the tumour must be confirmed by imaging studies such as CT scan or MRI.
Cysts, granulomas, and malformations in or of the arteries or veins of the brain and hamartomas are not covered.
Zurich FutureWise - Summary of changes
Issue date: 27 September 2021
The above summary document sets out the changes made to FutureWise over time which have been passed back to existing customers.
Upgraded benefits and definitions only apply to claims which arise as a result of events or conditions that first occur on or after the effective date of the change. Should the upgraded terms and conditions result in a less favourable outcome in the event of a claim, the original terms and conditions of the FutureWise policy under which you applied can be relied upon.
The information below explains the most recent changes on 29 March 2021 and 27 September 2021.
Effective from 27 September 2021:
Trauma cover (partial trauma benefit only)
The 20% partial trauma payment for angioplasty, can be claimed more than once over the life of the policy. However, a claim won’t be paid for angioplasty procedures that occur within six months of each other. From the effective date, only procedures that are within a two-month period or part of the same investigation are subject to a restriction.
The new wording that updates all Zurich FutureWise PDSs is as follows:
You can claim for angioplasty more than once. Double vessel procedures completed in two sessions within a two-month period, or that are the result of the same investigation which demonstrated the need for the procedures, will be considered to be one procedure, and a benefit will only be paid once.
The definition of angioplasty is unchanged. You can find our current definition for this condition in the Zurich FutureWise PDS dated 1 October 2016.
Effective from 29 March 2021:
All Zurich FutureWise policies
- We’ve added an automatic reinstatement provision to your policy, allowing you 30 days to get cover back on track without assessment if your policy lapses due to non-payment of premium. We’ll tell you about this provision if your policy lapses. Your cancellation advice will explain how to arrange payment of outstanding premium to reinstate your cover. You also have 30 days to reinstate cover without assessment if you cancel it, provided you request reinstatement in writing. If the cover is reinstated in this period for non-payment of premium or because you cancelled it, no benefits will be paid for an event which occurs or is apparent while the policy is lapsed or cancelled.
- The Premium holiday feature has been re-named to better reflect the effect of pausing cover. This feature allows a break in cover (maximum of 12 months over the life of the policy) to ease financial pressure and is now known as Cover suspension. The feature is otherwise unchanged. Visit the ‘forms’ tab on the zurich.com.au/existingcustomers webpage to access the Cover suspension application form which includes the terms and conditions.
Trauma cover, child cover and income protection cover with extra benefit option
The following policy definition has been updated as set out below.
benign brain tumour with impairment level
Non-malignant tumour in the brain, pituitary gland or spine, resulting in a neurological deficit causing:
- permanent and irreversible whole person impairment of at least 25%, or
- total and irreversible inability to perform at least one of the numbered activities of daily living.
The presence of the tumour must be confirmed by imaging studies such as CT scan or MRI. Cysts, granulomas, and malformations in or of the arteries or veins of the brain and hamartomas are not covered.
Zurich Super Protector - Summary of changes
Issue date: 27 September 2021
The above summary document sets out all the changes made to Super Protector over time which have been passed back to existing customers.
The information below explains the most recent changes on 27 May 2019 and 29 March 2021.
Effective from 29 March 2021:
We’ve added an automatic reinstatement provision to your policy, allowing you 30 days to get cover back on track without assessment if your policy lapses due to non-payment of premium. We’ll tell you about this provision if your policy lapses. Your cancellation advice will explain how to arrange payment of outstanding premium to reinstate your cover. You also have 30 days to reinstate cover without assessment if you cancel it, provided you request reinstatement in writing. If the cover is reinstated in this period for non-payment of premium or because you cancelled it, no benefits will be paid for an event which occurs or is apparent while the policy is lapsed or cancelled.
Effective from 27 May 2019:
The Future increases provision will now allow a cover increase when the life insured takes out a new investment property loan or when his/her child starts secondary school. And exercising the benefit is now more flexible - increases can be made either in the six months following the date when the event occurs or within 30 days of the next policy anniversary. The updated wording of this benefit is set out below.
The definitions which apply to the Trauma benefit (under the Extra Benefits Option) have been reviewed to ensure that they are up to date with current diagnostic techniques and treatments. Definitions for the following conditions have been updated. In some cases the change is to alter the name of the condition to better reflect the breadth of cover provided.
- chronic lung disease
- coma
- encephalitis (with impairment level) - previously encephalitis
- heart valve surgery
- multiple sclerosis with impairment level
- loss of hands or feet - previously loss of limbs
- loss of hearing
- loss of sight
- out of hospital cardiac arrest
Updated definitions are set out below. Should any of the updated definitions result in a less favourable outcome for you in the event of a claim, the definitions in your existing policy will apply, so that you are never disadvantaged by our upgrades.
Future Increases
Under this feature, after certain events you can apply to increase your existing Life and/or TPD sums insured until the insured person turns 55, and we will accept the increase without the need for medical underwriting. However, satisfactory evidence of the personal or business event or change in financial position for which the increase is sought will be required. The application for an increase under this feature must be made on the appropriate form, available from your adviser or by contacting us on 131 551.
The table sets out the events and the maximum amounts by which you can apply to increase the sum insured.
Only increases of $10,000 or more are eligible for applications under the Future Increases feature. An increase under this feature cannot be made until 12 months after the cover start date for the applicable insurance cover.
The increase in cover must be requested either:
- in the six month period following the date of any covered event or
- within 30 days the policy anniversary following the date of any covered event.
Only one increase may be applied for in any 12 month period under this feature. The maximum amount by which the applicable sum insured can be increased under the Future Increases feature on your Super Protector policy is $1 million.
The TPD Insurance cannot be increased above $3 million for the own occupation, any occupation and superannuation optimiser definitions combined; $2 million for the modified TPD definition and $1 million for the domestic duties definition. These maximum limits apply inclusive of all cover for the insured person held with us or another insurer.
If included in a Life Insurance Policy or connected to a Life Insurance Policy through Flexible Linking the TPD sum insured cannot be increased to an amount greater than the Life sum insured.
| Personal events | Maximum increase |
Marriage of the insured person The insured person or their partner gives birth to or adopts a child The insured person's child starts secondary school. |
|
| The insured person takes out a new mortgage or increases an existing mortgage (excluding refinance or draw down) The insured person takes out a new investment property loan. |
The lowest of:
|
The income of the insured person increases by 15% or more in a 12 month period |
The lowest of:
|
| Business events | Maximum increase |
|
|
An increase in the value of the insured person’s interest/share in the business (if the insured person is a partner, shareholder or similar principal in the business and this policy supports a buy/sell, share purchase or business succession agreement) |
The lowest of:
|
Increase in the size of a business loan where the insured person has an interest in the business or is a key person for the business |
The lesser of:
|
Any premium adjustments, exclusions or special conditions which apply to the Life or TPD Insurance will also apply to any increases made to each of these insurances under this feature.
This feature is not available for each insurance if:
- the Insurance was issued with a premium adjustment in the form of a medical loading of 75% or more; or
- a claim has or can be made for the insured person under any policy of Life or TPD Insurance provided by us.
If an event or condition giving rise to a claim occurs during the first six months after an increase in the sum insured under this feature, we will only pay a claim in respect of the increased cover if:
- the condition for which the claim is being made is due to an accident; and
- the accident occurs after the date of the increase.
Trauma definitions for the Extra Benefits Option
chronic lung disease
End stage lung disease requiring permanent and continuous oxygen therapy, a persistent FEV1 less than 30% predicted or DLCO less than 40% predicted.
coma
A state of unconsciousness with no reaction to external stimuli or internal needs, resulting in a documented Glasgow Coma Scale of 8 or less, for a continuous period of at least 72 hours.
encephalitis (with impairment level)
Acute inflammation of the brain caused by viral or bacterial infection, resulting in neurological deficit and leading to:
- permanent and irreversible whole person impairment of at least 25%, or
- total and irreversible inability to perform at least one of the numbered activities of daily living.
heart valve surgery
The undergoing of surgery that is considered necessary to replace or repair cardiac valves as a consequence of heart valve defects or abnormalities that cannot be corrected by non-surgical techniques.
Specifically excluded are angioplasty and intra-arterial procedures.
multiple sclerosis with impairment level
Unequivocal diagnosis of multiple sclerosis with more than one episode of well defined neurological deficit with persisting neurological abnormalities, and evidenced by appropriate neuro-imaging and spinal fluid abnormalities, leading to neurological deficit and resulting in:
- permanent and irreversible whole person impairment of at least 25%, or
- total and irreversible inability to perform at least one of the numbered activities of daily living.
If spinal fluid abnormalities are not present or the test was not completed, we will consider other medical evidence acceptable to us that supports the diagnosis.
loss of hands or feet
The total and irreversible loss of the use of two or more of:
- an entire hand or
- an entire foot.
loss of hearing
Irreversible hearing loss in the better ear which even with amplification, results in a hearing threshold of 91dB or greater as measured at 500, 1000 and 1500 Hz.
loss of sight
The permanent and irrecoverable loss of sight, to the extent that:
- even when aided, eyesight is reduced in both eyes to 6/60 or worse of central visual acuity on the Snellen test chart or
- the degree of vision is less than or equal to 20 degrees of arc.
out of hospital cardiac arrest
Cardiac arrest that occurs outside of a hospital due to cardiac asystole or ventricular fibrillation with or without ventricular tachycardia.
The cardiac arrest must not be related to any medical procedure and must be documented by an electrocardiogram (ECG).
If an ECG is not available, we will consider medical evidence which is acceptable to us as confirming that an out of hospital cardiac arrest has occurred.
Examples of suitable evidence includes but is not limited to: Ambulance and Hospital Medical Reports confirming cardiac arrest or the administration of Cardiopulmonary Resuscitation (CPR) by an attending ambulance officer or hospital clinical staff or Automated External Defibrillator (AED) data.
The information below explains an earlier change, effective 15 May 2017:
Zurich has recently completed a review of policy definitions to ensure that they continue to reflect modern procedures and terminology.
The new terms are automatically passed on to Super Protector policy holders for insured events which occur on or after the date of the change. Any claims lodged for these conditions, which first occurred after the date indicated, will be assessed against the original definition set out in your policy, as well as the new definition. Zurich takes this ‘dual approach’ to ensure we provide the best possible level of protection, as the life insured can qualify under either definition.
Effective from 15 May 2017, the definition of terminal illness has been improved so that it is now an advance payment of the Death benefit if the life insured is diagnosed as terminally ill and expected to live for no more than 24 months (certain medical certification requirements apply). The definition previously restricted payments to life expectancy of less than 12 months.
The new definition which applies from 15 May 2017 is set out below:
terminal illness means any condition caused by illness or injury, where despite all reasonable medical treatment, the life insured is expected to live for no more than 24 months as confirmed and certified* by:
- a specialist registered medical practitioner treating the condition with supporting evidence of the condition, possible medical treatment and the prognosis, and
- a registered medical practitioner approved by us.
* The period of life expectancy, certified by each medical practitioner, must not have ended.
Zurich Superannuation Insurance - Summary of changes
Issue date: 27 September 2021
The above summary document sets out the changes made to insurance sold with the Macquarie Superannuation Plan between 1999 and today (excluding Super Protector and FutureWise), which have been passed back to existing customers.
The information below explains the most recent change on 27 May 2019.
Effective from 27 May 2019:
The Future increases provision will now allow a cover increase when the life insured takes out a new investment property loan or when his/her child starts secondary school. And exercising the benefit is now more flexible - increases can be made either in the six months following the date when the event occurs or within 30 days of the next policy anniversary.
The updated wording of this benefit is set out below:
Future Increases
Under this feature, after certain events the insured person can apply to us for specified amounts of additional Death or TPD cover until the insured person turns 55, and we will accept the application without the need for medical underwriting. However, satisfactory evidence of the personal or business event or change in financial position for which the increase is sought will be required. The application for additional cover under this feature must be made on the appropriate form – contact us on 131 551 and we will send you a copy.
A new policy will be issued for the additional cover under the equivalent product and premium rates available at the time the request for additional cover is made, subject to the special rules outlined below. The additional cover only takes effect from when we approve the application for the additional cover.
The following table sets out the events and the maximum amounts by which the insured person can apply for additional cover.
Only applications for additional cover of $10,000 or more are eligible under the Future Increases feature.
The additional cover must be requested either:
- in the six month period following the date of any covered event or
- within 30 days the policy anniversary following the date of any covered event.
Only one increase may be applied for in any 12 month period under this feature. The maximum amount for which additional cover can be applied for each type of cover under the Future Increases feature is $1 million.
| Personal events | Maximum increase |
Marriage of the insured person |
The lesser of
|
The insured person or their partner gives birth to or adopts a child |
|
The insured person's child starts secondary school. |
|
| The insured person takes out a new mortgage or increases an existing mortgage (excluding refinance or draw down) The insured person takes out a new investment property loan. |
The lowest of:
|
The income of the insured person increases by 15% or more in a 12 month period |
The lowest of:
|
| Business events | Maximum increase |
An increase in the insured person’s value to the business (if the insured person is a key person in the business) |
The lowest of:
|
An increase in the value of the insured person’s interest/share in the business (if the insured person is a partner, shareholder or similar principal in the business and this cover supports a buy/sell, share purchase or business succession agreement) |
The lowest of:
|
Increase in the size of a business loan where the insured person has an interest in the business or is a key person for the business |
The lesser of:
|
The combined total of TPD cover under this contract and the additional TPD cover for the insured person cannot be greater than $3 million. Any additional TPD cover will be provided on the basis of the any occupation definition of TPD under the equivalent product available at the time the request for additional cover is made. These maximum limits apply inclusive of all cover for the insured person held with us or another insurer.
For additional cover, the TPD cover cannot be greater than any Death cover applied for under the Future Increases feature.
Additional cover provided under the Future Increases feature is only available as variable payout / fixed insurance, which means the additional cover is a fixed dollar amount of insurance and is paid over and above the accumulated balance in the account held in respect of the insured person in the fund.
Any premium adjustments, exclusions or special conditions which apply to the Death or TPD cover will also apply to any additional cover provided under this feature.
This feature is not available for each cover if:
- the cover was issued with a premium adjustment in the form of a medical loading of 75% or more, or
- a claim has or can be made for the insured person under any policy of Death or TPD cover provided by us.
If an event or condition giving rise to a claim occurs during the first six months after the commencement of the additional cover under this feature, we will only pay a claim in respect of the additional cover if:
- the condition for which the claim is being made is due to an accident, and
- the accident occurs after the date of the additional cover commences.
The information below explains an earlier change effective 15 May 2017:
Zurich has recently completed a review of policy definitions to ensure that they continue to reflect modern procedures and terminology.
The new terms are automatically passed on to Superannuation Insurance policy holders for insured events which occur on or after the date of the change. Any claims lodged for these conditions, which first occurred after the date indicated, will be assessed against the original definition set out in your policy, as well as the new definition. Zurich takes this ‘dual approach’ to ensure we provide the best possible level of protection, as the life insured can qualify under either definition.
Effective from 15 May 2017, the definition of terminal illness has been improved so that it is now an advance payment of the Death benefit if the life insured is diagnosed as terminally ill and expected to live for no more than 24 months (certain medical certification requirements apply). The definition previously restricted payments to life expectancy of less than 12 months.
The new definition which applies from 15 May 2017 is set out below:
terminal illness means any condition caused by illness or injury, where despite all reasonable medical treatment, the life insured is expected to live for no more than 24 months as confirmed and certified* by:
- a specialist registered medical practitioner treating the condition with supporting evidence of the condition, possible medical treatment and the prognosis, and
- a registered medical practitioner approved by us.
* The period of life expectancy, certified by each medical practitioner, must not have ended.
PDSs and other disclosure documents we have issued over time are stored here. Because each PDS sets out the terms for new customers, the PDS that applies when your policy starts is the PDS that continues to apply to your policy.
To find out when your policy starts, refer to your policy schedule, which states the commencement or start date of your policy. If you don’t have your policy schedule, you can access your documents by logging into My Zurich (zurich.com.au/myzurich) or by calling us on 131 551.
In some cases we may refer you to a more recent PDS, for example when we write to you about a policy upgrade. If this happens, we’ll explain which specific terms are affected by the upgrade, and exactly which PDS contains the relevant improved terms. For example, a Zurich Wealth Protection policy issued on 1 September 2018 may now incorporate a definition which appears in the 1 April 2020 Zurich Wealth Protection PDS. If this happens, the terms and conditions of your policy are otherwise unchanged. Refer to Policy Updates (Improvements passed back to you) for more information about policy upgrades.
2002 Zurich Wealth Protection Key Features Statement
Issue date: 1 April 2002
2002 Zurich Wealth Protection Key Features Statement
Issue date: 1 September 2002
2003 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2003
2004 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2004
2005 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2005
2006 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2006
2006 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 June 2006
2006 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 1 November 2006
2007 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2007
2007 Zurich Wealth Protection Supplementary Product Disclosure Statement No.1
Issue date: 22 May 2007
2007 Zurich Wealth Protection Supplementary Product Disclosure Statement No.2
Issue date: 1 October 2007
2008 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2008
2008 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 10 September 2008
2009 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2009
2010 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 March 2010
2010 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 6 September 2010
2011 Zurich Wealth Protection Product Disclosure Statement including Policy Conditions
Issue date: 1 March 2011
2011 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 29 September 2011
2012 Zurich Wealth Protection Product Disclosure Statement including Policy Conditions
Issue date: 1 March 2012
2012 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 14 September 2012
2013 Zurich Wealth Protection Product Disclosure Statement
Issue Date: 1 March 2013
2013 Zurich Wealth Protection Superannuation Income Replacement Product Disclosure Statement including Policy Conditions
Issue date: 27 September 2013
2013 Zurich Wealth Protection For Superannuation Platforms Product Disclosure Statement
Issue date: 1 September 2013
2014 Zurich Wealth Protection Product Disclosure Statement including Policy Conditions
Issue date: 1 March 2014
2014 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 26 September 2014
2015 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 March 2015
2015 Zurich Wealth Protection Product Disclosure Statement and Policy conditions and Application form
Issue Date: 21 December 2015
Zurich Income Replacement Product Disclosure Statement and Policy Conditions
Issue Date 21 December 2015
2017 Zurich Wealth Protection and Zurich Insurance-only Superannuation Plan Product Disclosure Statement
Zurich Wealth Protection PDS issue date: 15 May 2017; Zurich Insurance-only Superannuation Plan PDS issue date: 18 December 2017
2017 Zurich Insurance-only Superannuation Plan PDS
Issue date: 18 December 2017
Update to the Zurich Insurance-only Superannuation Plan PDS - Issue date: 18 December 2017
2017 Zurich Wealth Protection and Zurich Insurance-only Superannuation Plan Product Disclosure Statement
Zurich Wealth Protection PDS issue date: 15 May 2017; Zurich Insurance-only Superannuation Plan PDS issue date: 12 March 2018
2018 Zurich Insurance-only Superannuation Plan PDS
Issue date:12 March 2018
2019 Zurich Wealth Protection Product Disclosure Statement
Issue date: 27 May 2019
2019 Zurich Insurance-only Superannuation Plan PDS
Issue date: 27 May 2019
2020 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2020
2021 Zurich Wealth Protection Product Disclosure Statement
Issue date: 29 March 2021
2021 Zurich Insurance-only Superannuation Plan PDS
Issue date: 29 March 2021
2021 Zurich Wealth Protection Supplementary PDS
Issue date: 4 May 2021
2021 Zurich Wealth Protection and Zurich Insurance-only Superannuation Plan Product Disclosure Statement
1 MB,
pdf
Zurich Wealth Protection PDS issue date: 27 September 2021; Zurich Insurance-only Superannuation Plan PDS issue date: 27 September 2021
2010 Zurich Active Product Disclosure Statement
Issue date: 11 June 2010
2011 Zurich Active Product Disclosure Statement
Issue date: 21 May 2011
2012 Zurich Active Product Disclosure Statement
Issue date: 12 May 2012
2013 Zurich Active Product Disclosure Statement
Issue date: 8 June 2013
2014 Zurich Active Product Disclosure Statement
Issue date: 7 June 2014
2016 Zurich Active Product Disclosure Statement (including Insurance-only Division Membership PDS)
Issue Date: 1 October 2016
2017 Zurich Active PDS and Zurich Insurance-only Superannuation Plan PDS
Zurich Active PDS issue date: 15 May 2017; Zurich Insurance-only Superannuation Plan PDS issue date: 18 December 2017
2017 Zurich Insurance-only Superannuation Plan PDS
Issue date: 18 December 2017
Update to the Zurich Insurance-only Superannuation Plan PDS - Issue date: 18 December 2017
2017 Zurich Active PDS and Zurich Insurance-only Superannuation Plan PDS
Zurich Active PDS issue date: 15 May 2017; Zurich Insurance-only Superannuation Plan PDS issue date: 12 March 2018
2018 Zurich Active PDS and Zurich Insurance-only Superannuation Plan PDS
Zurich Active PDS issue date: 30 April 2018; Zurich Insurance-only Superannuation Plan PDS issue date: 12 March 2018
2018 Zurich Insurance-only Superannuation Plan PDS
Issue date:12 March 2018
2019 Zurich Active Product Disclosure Statement
Issue date: 27 May 2019
2020 Zurich Active Product Disclosure Statement
Issue date: 1 April 2020
2021 Zurich Active Product Disclosure Statement
Issue date: 29 March 2021
2021 Zurich Active Supplementary PDS
Issue date: 4 May 2021
2021 Zurich Active and Zurich Insurance-only Superannuation Plan Product Disclosure Statement
1 MB,
pdf
Zurich Active PDS issue date: 27 September 2021; Zurich Insurance-only Superannuation Plan PDS issue date: 27 September 2021
2009 Zurich Sumo Product Disclosure Statement
Issue date: 24 March 2009
2011 Zurich Sumo Product Disclosure Statement
Issue date: 21 May 2011
2014 Zurich Sumo Product Disclosure Statement
Issue date: 7 June 2014
2016 Zurich Sumo Product Disclosure Statement
Issue date: 1 October 2016
2017 Zurich Sumo Product Disclosure Statement
Issue date: 15 May 2017
2019 Zurich Sumo Product Disclosure Statement
Issue date: 27 May 2019
2020 Zurich Sumo Product Disclosure Statement
Issue date: 1 April 2020
2006 Zurich FutureWise Product Disclosure Statement
Issue date: 1 November 2006
2007 Zurich FutureWise Product Disclosure Statement
Issue date: 13 March 2007
2008 Zurich FutureWise Product Disclosure Statement
Issue date: 18 April 2008
2008 Zurich FutureWise Product Disclosure Statement
Issue date: 24 October 2008
2009 Zurich FutureWise Product Disclosure Statement
Issue date: 15 May 2009
2009 Zurich FutureWise Supplementary Product Disclosure Statement (including May PDS)
Issue date: 23 October 2009
2009 Zurich FutureWise Product Disclosure Statement
Issue date: 11 December 2009
2010 Zurich FutureWise Product Disclosure Statement
Issue date: 23 April 2010
2011 Zurich FutureWise Product Disclosure Statement
Issue date: 21 May 2011
2012 Zurich FutureWise Product Disclosure Statement
Issue date: 12 May 2012
2013 Zurich FutureWise Product Disclosure Statement
Issue date: 8 June 2013
2014 Zurich FutureWise Product Disclosure Statement
Issue date: 7 June 2014
2014 Zurich FutureWise Product Disclosure Statement
Issue date: 17 November 2014
2014 Zurich FutureWise Supplementary Product Disclosure Statement
Issue date: 17 July 2014
2016 Zurich FutureWise Product Disclosure Statement (including Insurance-only Division Membership PDS)
Issue date: 1 October 2016
2016 Zurich FutureWise and Zurich Insurance-only Superannuation Plan PDS
Zurich FutureWise PDS issue date: 1 October 2016; Zurich Insurance-only Superannuation Plan PDS issue date: 18 December 2017
2017 Zurich Insurance-only Superannuation Plan PDS
Issue date: 18 December 2017
Update to the Zurich Insurance-only Superannuation Plan PDS - Issue date: 18 December 2017
2016 Zurich FutureWise and Zurich Insurance-only Superannuation Plan PDS
Zurich FutureWise PDS issue date: 1 October 2016; Zurich Insurance-only Superannuation Plan PDS issue date: 12 March 2018
2018 Zurich Insurance-only Superannuation Plan PDS
Issue date:12 March 2018
2019 Zurich FutureWise Supplementary Product Disclosure Statement
Issue date: 27 May 2019
2005 Zurich Super Protector Product Disclosure Statement
Issue date: 24 October 2005
2006 Zurich Super Protector Product Disclosure Statement
Issue date: 15 May 2006
2007 Zurich Super Protector Product Disclosure Statement
Issue date: 9 November 2007
2009 Zurich Super Protector Product Disclosure Statement
Issue date: 15 May 2009
2010 Zurich Super Protector Product Disclosure Statement
Issue date: 23 April 2010
Policies for insurance obtained through the Macquarie Superannuation Plan between 1999 and 2008 (excluding Super Protector and FutureWise)
2011 Zurich Group Income Protection Contract - Superannuation Insurance
Issue date: 21 May 2011
2011 Zurich Group Life Contract - Superannuation Insurance
Issue date: 21 May 2011
Prior to 1 March 2011, the Optional Protection Benefits offered under the Zurich Superannuation Plan (ZSP) were outlined in the ZSP PDS.
2011 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 11 March 2011
2012 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 1 March 2012
2012 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 22 June 2012
2013 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 1 July 2013
2014 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 1 March 2014
2015 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 21 December 2015
Zurich Superannuation Plan Optional Protection Benefits Information Booklet (including Policy Conditions)
Issue date: 15 May 2017
2019 Zurich Superannuation Plan Optional Protection Benefits
Issue date: 1 July 2019
2021 Zurich Superannuation Plan Optional Protection Benefits
Issue date: 29 March 2021
Change of Details Form - Insurance Only
Cover suspension flyer and application form
Direct Debit Request Service Agreement
Extension of Cover Application
Lost Policy Declaration and Agreement Form
Nomination of Beneficiaries Form
Reinstatement application form
Request to Exercise the Future Insurability Benefit (Ezicover)
Request to Exercise the Future Insurability Benefit or Future Increases Feature
Request to Reject Indexation Increases
Waiting Period Reduction Feature Application
Zurich Child Cover Policy or Insured Child Option Application Form
Zurich Insurance Application form (ONLY for policy alterations without a financial adviser)
Zurich Insurance-Only Superannuation Plan - Benefit Payment form
Zurich Insurance-Only Superannuation Plan - Membership application
Zurich Insurance-Only Superannuation Plan - Rollover Authority Form
Binding Death Nomination
Zurich Insurance-Only Superannuation Plan - Binding Death Benefit Nomination (non-lapsing) Form
Zurich Master Superannuation Fund - Binding Death Benefit Nomination form
Premium rates for Zurich Wealth Protection, Zurich Active and the Zurich Optional Protection Benefits are not guaranteed. As explained in the PDSs for each product suite, we’ve changed premium rates for all policies in the same category in the past.
Here’s an overview of premium rate increases we have made in recent years. The date of increase is when the first policy of that type was increased. Each affected policy increases as it reaches its anniversary. Any increases that affect you will be explained on the policy anniversary notice we send you before the change is applied to your policy.
Premium rate changes in the future may differ to what has happened in the past due to changing situations. Please refer to your PDS for information about when and why we change premiums.
Zurich Wealth Protection
Policies started before 20 December 2015 (series 1)
| Date increase first applied | Premium structure |
Impacted cover | Base premium rates for all ages increased by |
| 1 May 2019 | Stepped premium | Income protection | 5% |
| Stepped & level premium | TPD & Trauma | the amount of stamp duty where applicable | |
| 1 May 2020 | Stepped & level premium | TPD | 10% |
| Trauma | 5% | ||
| Income protection & Business expenses | 15% | ||
| 27 October 2021 | Level premium | Death | 5% |
| TPD | 15% | ||
| Trauma | 10% | ||
| Income protection & Business expenses | 25% | ||
| Stepped premium | Income protection & Business expenses | 5% | |
| 6 April 2024 | Stepped & level premium | TPD | 20% |
Policies started between 21 December 2015 and 14 May 2017 (series 2)
| Date increase first applied | Premium structure |
Impacted cover | Base premium rates for all ages increased by |
| 1 May 2019 | Stepped & level premium |
TPD & Trauma | the amount of stamp duty where applicable |
| 1 May 2020 | Stepped & level premium | TPD | 10% |
| Trauma | 5% | ||
| Income protection & Business expenses | 15% | ||
| 27 October 2021 | Level premium | Death | 5% |
| TPD | 10% | ||
| Trauma | 5% | ||
| Income protection & Business expenses | 15% | ||
| Stepped premium | Income protection & Business expenses | 5% | |
| 6 April 2024 | Stepped & level premium | TPD | 20% |
| Income protection | 10% |
Policies started from 15 May 2017 onwards (series 3), except where policy is less than two years old when increase would otherwise apply (policy is exempt from base rate increases until two years have passed)
| Date increase first applied | Premium structure |
Impacted cover | Base premium rates for all ages increased by |
| 1 May 2020 | Stepped & level premium | TPD | 10% |
| Trauma | 5% | ||
| Income protection & Business expenses | 15% | ||
| 27 October 2021 | Level premium | Death (excludes cover started from 1 April 20) | 10% |
| TPD | Between 10% and 20%, depending on cover start date |
||
| Trauma (excludes cover started from 1 April 20) | 10% | ||
| Stepped premium | TPD (only if started between 27 May 19 and 31 Mar 20) |
10% | |
| Trauma (only if started between 27 May 19 and 31 Mar 20) | 5% | ||
| Stepped & level premium | Income protection &Business expenses | Between 10% and 25%, depending on cover start date | |
| 6 April 2024 | Stepped & level premium | TPD | 25% |
| Income protection (excludes Income Safeguard) | 10% |
Zurich Active
Policies started before 27 May 2017 (series 1)
| Date increase first applied | Premium structure |
Impacted cover | Base premium rates for all ages increased by |
| 8 July 2018 | Stepped & level premium | Income protection | 12.5% |
| 1 May 2020 | Stepped & level premium | Income protection | 15% |
| 27 October 2021 | Stepped & level premium | Income protection | 30% |
| Level premium | Health events cover | 20% | |
| 6 April 2024 | Stepped & level premium | Income protection | 10% |
Policies started from 27 May 2017 onwards (series 2), except where policy is income protection and policy is less than two years old when the increase would otherwise apply (policy is exempt from base rate increases until two years have passed)
| Date increase first applied | Premium structure |
Impacted cover | Base premium rates for all ages increased by |
| 1 May 2020 | Stepped & level premium | Income protection (excludes cover started from 27 May 19) | 15% |
| 27 October 2021 | Stepped & level premium | Income protection | Between 10% and 25%, depending on cover start date |
| Level premium | Health events cover | 20% | |
| 6 April 2024 | Stepped & level premium | Income protection | 10% |
Dates in these tables relate to series and stream and may not align exactly with individual policy start dates.
Buy Now Pay Later Payment Terms
58 KB,
pdf
Some Zurich Income Safeguard policies include a specific policy endorsement.
If your policy schedule states that the Farmer endorsement applies, then you have agreed to have, and your policy automatically incorporates, the attached endorsement.
Farmer endorsement
50 KB,
pdf