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Zurich voted Australia’s best value life insurance

21 Sep 2017
From

Tim Bailey

Zurich Financial Services Australia (Zurich) has been awarded Canstar’s highest honour – the 5 star Outstanding Value award – in recognition of the quality and value offered across its retail life insurance range.

Zurich has now received this accolade twice in the last three years.

In addition to the top award, Zurich also picked up wins in the Term Life, TPD and Packaged Life categories.

Noted for the robustness of its methodology, Canstar’s highly regarded five star award is the result of a thorough examination of 64 different profiles (based on occupation, age, gender and premium type) across 11 major insurers and five different types of insurance cover creating a total of 328 profiles. To arrive at a final score, Canstar weighs price against product feature ratings.

“This is a big win for Zurich and a credit to our ongoing commitment to providing superior quality cover and innovative features, without compromising on affordability,“ said Tim Bailey, CEO of Zurich’s Life and Investments business.

“The launch of our revamped offering in May this year included an expanded range, updated definitions, and improvements to rates and discounts, designed to give advisers more ways to tailor their advice and more ways to make cover affordable for their clients.

“These awards are a pleasing acknowledgement that we have achieved the right balance, and ultimately have made it easier for advisers to recommend Zurich, confident in the knowledge they are protecting their clients with the best value cover in the market today,” he said.

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