Zurich International Life

Zurich Insurance Group is a leading multi-line insurer, and one of the few to operate on a truly global basis.

Worldwide Zurich employes over 50,000 staff and is headquartered in Zurich where it was founded in 1812.

It sees its mission as being to help its customers understand and protect themselves from risk.

Being part of Zurich Insurance Group, Zurich Insurance (Hong Kong) offers a full range of flexible general insurance and life insurance products for individuals, as well as commercial and corporate customers, catering to their insurance, protection and investment needs.

Zurich's presence in Hong Kong dates back to 1961.

Today, Zurich's business in Hong Kong covers both life and general insurance

Complaints Procedure

In Hong Kong, Zurich offers a choice of two different policies for individual and family life insurance and a further solution for protecting your business;

Individual and Family

A. Preferred Choice

Prefered choice was launched in Hong Kong in July 2015.

This product contains a smorgasboard of options that let you choose a complementary mix of benefits to better protect yourself.

The more benefits you take, the more your premiums are discounted.

The options include:

Life Cover

  • Whole of Life

This benefit will pay out a single lump sum amount following the death of the life insured. Provided that all premiums continue to be paid in full. When due, it will remain in place for the whole life of the person insured.

  • Level term

This benefit will pay out a single lump sum amount following the death of a life insured within the specified benefit term.

  • Decreasing Term (Mortgage life)

This benefit will pay a single lump sum amount following the death of life insured within the specified benefit term. As the benefit amount payable will reduce to zero over the benefit term, this type of cover can help protect reducing debts such as repayment of mortgages or other loans.

  • Family Income Benefit

This Benefit will pay a regular amount (or as a single discounted lump sum) in the event of the death of the life insured which will last for the remaining benefit term of the policy. The payments can be used to replace lost income or to provide families with income to maintain their current standard of living in the event of premature death of the main breadwinner.

Critical Illness Cover

  • Level Term or Earlier Critical Illness Benefit

This benefit will pay a single cash sum in the event of either of the first of the following events: •

  • The death of the life insured Or
  • The life insured is diagnosed with a critical illness as defined in the policy Terms and Conditions.

Once the term has ended, the cover will be terminated.

  • Decreasing Term or Earlier Critical Illness Benefit

This benefit will pay a single cash sum in the event of either of the first of the following events: •

  • The death of the life insured Or
  • The life insured is diagnosed with a critical illness as defined in the policy Terms and Conditions.

Once the term has ended, the cover will be terminated. The cover will reduce to zero over time and the sum insured paid will be that relevant at the time of death.

  • Level, Standalone Critical Illness Benefit

This benefit will pay a cash sum should the life insured be diagnosed with a critical illness as defined in the policy Terms and Conditions. This benefit also includes up to HKD50,000* worth of free Life Cover .. towards say funeral expenses, which will be payable in the event of a valid death claim. In either case, any valid claim payment will be made as a single lump sum.

  • Standalone Multiple Critical Illness Benefit

This benefit will make payments enabling the life insured the opportunity to spread their cover across multiple critical illness claims. As a result, the benefit’s Critical Illness conditions are divided across three broad groups from each of which it is possible to make a single claim without exhausting one’s cover. The benefit also includes up to HKD50,000* worth of Life Cover which will be payable in the event of a valid death claim.

Permanent and Total Disability Benefits

  • Level Term or Earlier Permanent and Total Disability Benefit

This benefit will pay a single cash sum on the first of the following events:

  • The death of the life insured or
  • The life insured is diagnosed as being permanently and totally disabled (as defined in the policy Terms and Conditions) for a continuous period of at least 180 consecutive days.

This benefit will remain constant throughout the benefit term (i.e. the amount paid will always be the same regardless of whether the claim is made in the first year or last year of the benefit term). Ultimately, claims will only be paid for claim events occurring during the benefit term. Once the term has ended, this cover will be terminated.

  • Decreasing Term or or Earlier Permanent and Total Disability Benefit

This benefit will pay a single cash sum on the first of either of the following events:

  • The death of the life insured or
  • The life insured is diagnosed as being permanently and totally disabled (as defined in the policy Terms and Conditions) for a continuous period of at least 180 consecutive days.

This benefit amount payable will reduce to zero over the policy’s benefit term.

  • Level, Standalone Permanent and Total Disability Benefit

This benefit will pay a single lump sum should the life insured be diagnosed as being permanently and totally disabled (as defined in the policy Terms and Conditions) for a continuous period of at least 180 consecutive days. This benefit also includes up to HKD50,000* in Life Cover, which will be payable in the event of a valid death claim. In either case, any valid claim payment will be made as a single lump sum.

Rider Benefits (Complementary Add-on to existing live cover)

  • Accidental Death

This benefit will pay a single lump sum in the event that life insured dies as a direct result of an accident within the specified benefit term.

  • Waiver of Premium

This benefit will continue paying policy premiums should the life insured be diagnosed as being totally disabled (as defined in the policy Terms and Conditions) for a continuous period of at least 180 consecutive days. In the event of a valid claim, Zurich Life will ensure that all valid policy premiums are paid until the first of the following events:

• Improvement in health for the life insured who is able to return to work as defined in the policy Terms and Conditions or

• All premiums are paid in full or

• The policy ends

Children's Cover

If you suffer the death of your biological or legally adopted child aged 2-16 Zurich offers a condolences benefit by way of a lump sum.. There is no charge for this.


B International Term Insurance

Life Cover

Term assurance with no inbulit savings, can be an easy and cost-effective way of providing future financial security for your dependants.

In the event of:

  • death,
  • diagnosis with one of the defined critical illness or
  • becoming permanently and totally disabled,

the beneficiary will receive a lump sum payment for their future expenses.

Critical Illness

Critical illness (CI) cover is an additional benefit that can be taken out in conjunction with your International Term Assurance policy.

The CI plan pays a cash sum equal to the critical illness sum insured if you develop a critical illness.

Unlike the new 'Prefered Choice' policy, Critical Illness can not stand alone in this policy and is only available if taken with the underlying term cover.

This will ease the possible financial burden on you and your family.

Advanced Claims Payment

In the event of the unfortunate death of an insured person, Zurich will pay the beneficiary an Advanced Claims Payment as an emergency cash benefit to support any urgent expenses.

An amount of HKD50,000 or 50% of the sum insured will be paid upon receipt of all claims documentation, subject to the approval of Zurich. Advanced Claims Payment and Temporary Life Cover”

Temporary Life Cover

Zurich is dedicated to providing you with comprehensive cover even before your policy is issued. Upon receipt of a relevant life policy application with initial payment or payment instruction and subject to Zurich’s approval, the life insured will be provided with immediate Temporary Life Cover up to HKD1,875,000 or the amount of the life cover applied for. Advanced Claims Payment and Temporary Life Cover”


Business Protection

  • Key Person Protection -
  • Business Succession Planning
  • Business Loan Protection
  • Legacy Planning
  • Executive Retention Insurance

To learn more about the products, please contact us on 25302530.

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