Specified Serious Illness Cover – Zurich Life
Serious Illness cover from Zurich Life covers 70 separate specified Illness and offers comprehensive and flexible cover. Benefits include parental respite cover as standard. Guaranteed insurability allows for future cover increases free of fresh underwriting and you can also get your first month free!
70 Serious Illnesses
If you are diagnosed with one of 70 specified serious illnesses during the term of your policy, a lump sum will be paid out. 47 full payment illnesses and 23 partial payment illnesses are covered, including the 3 major full payment conditions of: cancer, heart attack and stroke.
Parental Respite Cover
Children’s are covered for the same specified illnesses as the policy holder subject to a maximum of €25,000 for full payment illness and €7,500 for partial. This child cover applies between the ages of 1 and 18 or 25 if in full time education.
This benefit allows you to increase your Serious Illness by the lesser of 50% of the original benefit at the start date of the policy and €100,000 without underwriting in the event that you gain approval for a new mortgage or increase in an existing mortgage and subsequently draw down these funds. The total maximum increase across all options over the life of the policy is the lesser of €200,000 and the original sum insured at the policy start date.
With this benefit you have 90 days to reinstate your policy after your first missed premium payment. Furthermore, it can be reinstated even if a claim has arisen. However, it cannot be reinstated if Zurich Life has received a written request from you to cancel the policy.
Optional Added Benefit
Waiver of Premium Benefit
Waiver of Premium – This is an optional additional benefit. If you are unable to work due to illness or disability, Zurich Life will pay your premiums after a period of 13 weeks has passed. To add this benefit to your quote please call us on: 1890 727 111.
Where you choose to include a Conversion Option as part of your Serious Illness cover policy, you can later choose to extend your life cover, without having to provide fresh medical information at the time. The maximum extended term is to age 75.
Where you choose to include Inflation Protection, as a feature of your life insurance policy, on every years policy anniversary, Zurich Life will automatically increase your life cover by 3% and the premium by 4.5%.