Zurich has announced the launch of a new proposition, Group Critical Illness, which completes a full suite of group risk products.
The product has been designed to meet customers’ needs in response to the changing health environment, where group critical illness is a “necessity” rather than a “nice to have” product.
Zurich head of market management, Nick Homer, said: “Launching group critical illness cover establishes Zurich as a group risk provider which can provide the full suite of products.
“It changes the conversations we can have with advisers and employers and means that we have an enhanced response to emerging health and environmental issues.
“This has been a long-term strategic aim, so we have been extremely diligent in developing this proposition.
“We’ve designed it to be flexible to give employers the opportunity to match or enhance their existing benefit design, while also remaining aware of the current cost challenges facing businesses.
“Employers can include additional conditions such as spouse/partner cover, increasing the maximum child benefit and cancer drug fund cover as extra features, to allow employees to tailor their benefits to meet their personal needs.”
The product provides a maximum benefit of up to £500,000 and can be provided for a spouse or partner.
It also boasts flexible maximum benefits with the ability to choose between £25,000 or £50,000 child benefit and £250,000, £375,000, and £500,000 for the spouse/partner cover.
Additionally, the product provides standard critical illnesses coverage for 15 defined illnesses and surgeries, such as heart attack, cancer, and stroke, and additional critical illnesses coverage for an extra 27 illnesses and surgeries.
The product also automatically includes child critical illnesses, providing cover for 11 specific child illnesses and surgeries, including child intensive care cover.
tom.dunstan@ft.com
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