Funeral Insurance War Tipped To Change With Zurich’s First Risk-free Policy
If you’ve watched day time T.V. lately it’s hard to escape the funeral insurance ads. The war waging between Real Insurance and Insuranceline for funeral insurance domination has been going on for quite some time.
Insuranceline, owned by Tower Insurance, is one of the first companies to sell funeral insurance to Australians. However Real Insurance, backed by South African founded Hollard’s Insurance soon followed with their own funeral insurance offering.
Although with Zurich’s new funeral insurance policy the scales are tipped to change with even more competition to benefit consumers. Touted as Australia’s first risk-free funeral insurance policy, it offers full payment of the sum insured, or refunds premiums paid if death is not by accident or suicide within the first 2 years.
Zurich’s Funeral Advantage key product offering includes:
* No risk – 100% refund of premium paid if death is not by accident or suicide in the first 2 years
* Client stops paying premiums once they have reached the sum insured (cumulative payments)
* Client receives the full sum insured if death is caused by accident within the first 2 years of the policy only
“Zurich’s innovation in the funeral insurance space may be the beginning of even better things to come,” says xLife Director Russell Cain “whether the other major insurers decide to step up or not and increase competition even further, it’s the Australian consumer who is the winner.”
If you are interested in Zurich’s funeral insurance or policy please call xLife on 1300 135 205 or visit http://www.xlife.com.au/.