How can you find the best income protection insurance…
Not only is Zurich one of the UK’s leading life insurance providers, but it’s also one of the world’s leading income protection providers.
Income protection will pay out a percentage of your income if you’re left unable to work due to illness or injury.
This can help you to cover key daily living costs while you’re unable to work, allowing you to continue your current lifestyle.
Why not compare Zurich income protection with other major UK providers using the services of Reassured Advice?
A friendly member of the team can provide you with personalised, fee-free and no obligation quotes. The service is FCA-regulated and quotes start from just 20p-a-day ‡
Keep reading this Zurich income protection review to take a deep dive into the polices they offer as we help you establish whether they’re the right provider for you...
Zurich is one of the world’s leading insurers. With its headquarters located in Switzerland, Zurich now operate in over 215 countries.
As well as income protection, and a range of other insurance products, Zurich is also well known for their life insurance offerings.
Across all products, Zurich is rated 3.5 stars on Trustpilot - with 48% of reviews rating them ‘Excellent’.
Why not read our complete Zurich life insurance review?
Zurich income protection can pay out up to 80% of your usual income in monthly (tax-free) payments if you become unable to work due to illness or injury.
When taking out Zurich income protection, you have the choice between two policy options:
You’ll have the same terms and conditions to choose from when taking out either policy. This includes:
The difference is that Zurich income protection select offers a greater range of additional policy features to meet a greater range of needs.
The table below shows a comparison of Zurich income protection and Zurich income protection select:
|Additional benefit||Zurich income protection insurance||Zurich income protection select|
|Waiver of premiums|
|Minimum benefit guarantee|
|Maternity, paternity and adoption benefit|
|House person benefit|
|Doctor and surgeons package|
|Family carer benefit|
|Hospital stay benefit|
(for an additional cost)
(for an additional cost)
Keep reading as we’ll discuss the terms and conditions of Zurich income protection in more detail…
When taking out an income protection policy through Zurich, there are some key policy terms and conditions that you may want to consider when establishing whether their cover is right for you.
You must be a UK resident and either self-employed or employed in order to take out a policy. Other key details are as follows:
|Age||Zurich income protection is available to those aged 16 - 64. When taking out a policy, your cover must end by the time you reach 69 years of age.|
|Term length||A Zurich income protection policy can have a minimum term length of 5 years, up to a maximum of 54 years (policy must end by age 69).|
|Benefit amount||The amount paid out to you can be up to 80% of your usual income, up to a maximum of £20,000 a month.|
|Benefit type||You can choose whether you would like a level benefit or increasing benefit. With a level benefit, the amount you receive will remain the same throughout the lifetime of your policy. With an increasing benefit, your benefit amount will increase each year in line with the Retail Prices Index (RPI) up to a maximum of 10% each year. With this option, your premiums will also increase as a result.|
|Payment period||You can choose a short-term payment period of up to 2 years or a full term (long term) option (this could pay out to you until your policy expires if you’re unable to return to work).|
|Price||You can choose to pay for your policy either monthly or yearly. Monthly premiums start from just £5 a month, or £50 a year. If you stop paying your premiums, your cover will cease.|
|Premium type||Premiums are guaranteed, meaning your premiums won’t change throughout the policy lifetime. Unless you choose an increasing benefit where your premiums will increase alongside your benefit amount.|
|Deferred period||Deferred period options include 4, 8, 13, 26, 52 and 104 weeks. The deferred period refers to the period of time you’ll need to be unable to work before your payments will commence. Zurich also offer a ’dual’ deferred period which will allow you to stagger your payments.|
Reassured Advice can help you to compare Zurich income protection quotes, so why not get in touch?
Zurich income protection policies come with a great range of additional features to meet a wide range of needs.
All policies will also come with rehabilitation services and return to work packages, to make your return to work as smooth as possible after a claim period.
Find the best policy to meet your needs using the services of Reassured Advice.
Group income protection allows employers to pay a regular income to employees if illness or injury prevents them from working for an extended period of time.
As with an individual policy, Zurich group income protection will pay out up to 80% of an employee’s usual income and there are two policy types to choose from:
This benefit is available to employees aged 16 - 69.
Group income protection isn’t currently something that’s offered by Reassured Advice.
However, Reassured Advice can help you to compare Zurich personal plans. Simply get in touch for your free quotes.
How much you pay for Zurich income protection will depend on a variety of factors.
Zurich offer the choice to pay monthly or yearly, with monthly premiums starting from £5 and yearly premiums starting from £50.
The exact price you pay will be calculated using the following key information:
Zurich premiums are guaranteed, which means the price you pay won’t change over time.
This is unless you choose an increasing benefit where your premiums will increase along with your benefit amount to compensate for the greater level of cover.
Income protection through Reassured Advice starts from 20p-a-day, so why not compare Zurich income protection with other leading providers to find your most affordable policy?
The Zurich income protection select policy is the most comprehensive option offered by Zurich.
While the general terms and conditions offered remain the same as a standard income protection policy, those taking out a Zurich income protection select policy will benefit from a wider range of additional policy features.
Due to the higher level of cover, premiums for this policy type may be more expensive than with a standard income protection policy.
Compare Zurich income protection through Reassured Advice to secure the best deal.
In 2021, £2.9 million was paid out by Zurich in income protection claims.
A quarter of all income protection claims (25%) were paid out for cancer and another quarter of all claims were paid out for musculoskeletal problems. With 21% of claims being paid out for mental health reasons.
Furthermore, a total of £222 million was paid out by Zurich across life insurance, income protection and critical illness cover.
Whether Zurich income protection is a good fit for you will depend on your needs and personal circumstances.
Hopefully this article has helped to provide a better understanding of Zurich and the income protection they offer.
Zurich offers flexible cover that can be changed over time to meet ever growing needs, with a wide range of additional benefits available.
They also offer benefits specifically for doctors and surgeons, so their cover may be particularly beneficial for those in the medical profession.
Read our complete doctors income protection guide for more information »
Speaking to an expert can help you to gather any further information you may require, so why not chat to a friendly member of the Reassured Advice team?
Comparing quotes is the best way to ensure you secure the most affordable price on the policy that meets all of your needs.
You can do this, free of charge, by using the FCA-regulated service provided by Reassured Advice.
The whole of market comparison service offered by Reassured Advice can help you to compare Zurich income protection with all other major UK providers.
Quotes are fee-free, personalised and without obligation. The best part is income protection through Reassured Advice starts from just 20p-a-day.
Start your journey today and get in touch with a friendly member of the team.
How can you find the best income protection insurance…
Income protection for self-employed pays-out a tax-free…
You don’t always have to choose between life insurance vs…
What’s the difference between income protection insurance…
What exactly is own occupation income protection? Find out…
What does income protection insurance cover? Read this…
Find out if LV= are the right income protection provider…
What is mortgage income protection and how does it work?…
How does long-term income protection work and what will you…
What is short-term income protection and how does it work?…
What's most important to you when it comes to arranging…
The average life insurance cost in the UK varies depending…
Yes very pleased with my choice very helpful easy to understand and very pleasant transaction all good!Mrs M Rushworth
Very professional and reassuring. Life insurance sorted in about 10 minutes.Stephen Davies
very courteous and friendly. Polite professional and empathic.Stedroy Fenton
Another happy customer I am. They are very professional and kind. Fully communicative. I recommend.Piotr Stepien
Really attentive during the call, good clear guidance throughout. Well done.Michael Reynolds
Amazing service quick fast and easy and Joey was a star on the phone really help me thanks.Sera Woolley
I made the right choice and now I feel relieved that I did.glyn
Really genuine kind and compassionate team with great knowledge and friendly approach highly recommend them!Katelia Merritt
I must say Jake took me through every step and was brilliant, recommend them anytime.Allan Green
Very happy and everything explained well, so glad a took the time to take the call, normally I would say I'm busy. But compared to other company's we save so much more money.Jenny Berry