This information updates the information set out on page 49 of the Zurich Wealth Protection PDS, dated 1 April 2020.
As part of your premium, we charge a management fee which contributes to the cost of administering your policy. The fee payable depends on the frequency of your premium payments. Only one management fee is payable if more than one policy is applied for at the same time, for the same life insured.
Premium frequency | Management fee payable | Annual equivalent |
Monthly | $9.87 | $118.44 |
Quarterly | $29.58 | $118.32 |
Half-yearly | $49.33 | $98.66 |
Yearly | $98.66 | $98.66 |
The management fees above apply for new policies until 28 February 2022. The management fee increases each year on the policy anniversary in line with the consumer price index.
MMEA-016374-2021This information updates the information set out on page 23 of the Zurich Sumo PDS, dated 1 April 2020.
As part of your premium, we charge a management fee which contributes to the cost of administering your policy. The fee payable depends on the frequency of your premium payments.
Premium frequency | Management fee payable | Annual equivalent |
Monthly | $28.14 | $337.68 |
Quarterly | $84.41 | $337.64 |
Half-yearly | $168.81 | $337.62 |
Yearly | $337.61 | $337.61 |
The management fees above apply for new policies until 28 February 2022. The management fee increases each year on the policy anniversary by the greater of 3% and the change in the consumer price index.
MMEA-016374-2021This information updates the information set out on page 5 of the Zurich FutureWise Supplementary PDS, dated 27 May 2019.
A management fee per insured person per application is payable each year and is shown on your policy schedule. The management fee contributes to the cost of administering your policy. If more than one Zurich FutureWise policy is issued as a result of a single application for an insured person, only one management fee is payable.
Premium frequency | Management fee payable | Annual equivalent |
Monthly | $8.74 | $104.88 |
Quarterly | $26.19 | $104.76 |
Half-yearly | $52.38 | $104.76 |
Yearly | $104.76 | $104.76 |
The management fees above apply to new policies until 28 February 2022.
Each year, the management fee increases on the policy anniversary. The increase is based on the annual consumer price index increase to the end of the September quarter and determined as at 31 December each year. If the policy anniversary is in:
If there is no PDS issued on 1 March in any year, we will advise the updated policy fees on our website, zurich.com.au
MMEA-016374-2021Zurich Australia Limited ABN 92 000 010 195 AFSL 232510 has re-located its head office.
All references to “5 Blue Street North Sydney NSW 2060” in the following PDSs are replaced with “118 Mount Street North Sydney NSW 2060”:
Contact details in the above documents are otherwise unchanged, including the postal address: Locked bag 994 North Sydney NSW 2059.
MMEA-016261-2020
The Zurich Wealth Protection Financial planning advice reimbursement benefit will continue to be a ‘standard built-in benefit’ of the product and be payable in the circumstances described in the PDS.? For applications for a Zurich Wealth Protection policy to be issued into the Zurich Insurance-only Superannuation Plan of the Aon Master Trust made from 18 December 2017, the benefit will not form part of the main policy contract terms.? Instead it will be provided under a separate insurance certificate, made by Zurich directly to the Life Insured.
Insurance Certificate from Zurich Australia Limited Financial planning advice reimbursement benefit for Zurich Australia Limited (Zurich) undertakes to provide an additional payment to help reimburse the cost of financial planning advice which you or your dependants may take about how to best use a benefit to be paid under a policy held for you by the trustee of the Zurich Insurance-only Superannuation Plan, a division of the Aon Master Trust (Fund).? Zurich will provide the Financial planning Advice Reimbursement Benefit (Benefit) in recognition of your contributions to the Fund, which the Fund trustee will use to pay the premiums for the insured benefits from that Fund that are financed by your policy.? However, the Benefit is not provided by your policy in the Fund, but as an additional payment under this Certificate, that is provided directly to you or your dependants by Zurich. Zurich will require a copy of the Statement of Advice and invoice from a licensed financial planner as proof of the expense before the Benefit can be paid.? This reimbursement is only paid once in respect of each policy held by the Fund trustee for you, is payable directly to the person who incurred the expense and may be split between them where more than one of your dependants takes advice and seeks reimbursement.? The maximum total reimbursement amount was described in the product disclosure statement for your policy.? The Benefit is separate from and replaces of any benefit of this type described in your policy document. |
The Zurich Wealth Protection Product Disclosure Statement with issue date of 15 May 2017 (20 April 2017 Preparation Date) is accordingly updated as follows:
This benefit is provided under a separate policy certificate provided by Zurich, and not as part of the Zurich Protection Plus policy contract terms.
The contact number for the Financial Ombudsman Service (FOS) has changed.? The following PDSs are updated to reflect that change:
The Complaints resolution section on the inside back cover of the Zurich Wealth Protection, Zurich Active and Zurich Sumo PDSs and on page 60 of the Zurich FutureWise PDS, is updated to include the new free call number, as set out below:
If you have a complaint about any product described in this PDS, you should contact Zurich Customer Care on 131 551. We will aim to acknowledge any complaint within 5 days and to resolve your complaint within 45 days. If you are not satisfied with the response you receive from us, or we fail to resolve the complaint within 45 days, you can raise the matter with the Financial Ombudsman Service (FOS). FOS is an independent body designed to help you resolve complaints relating to your Zurich product, as well as complaints relating to financial or investment advice and sales of financial or investment products.
You can contact FOS at GPO Box 3, Melbourne VIC 3001.
The telephone number is: 1800 367 287 (or 1800 FOS AUS) and the email address is: info@fos.org.au.
If you wish to complain about a policy which is held in super, you will need to contact the superannuation fund trustee.
As a member of the Financial Services Council of Australia (the FSC), Zurich is bound by the Life Insurance Code of Practice (the Code) with effect from 1 July 2017. The Code outlines the standards that we are committed to in providing life insurance services to you. The Code can be found at www.fsc.org.au.
This information updates the information set out in the Zurich Wealth Protection, Zurich Active and Zurich Sumo PDSs, all dated 15 May 2017 and the Zurich FutureWise PDS dated 1 October 2016, but only in relation to the eligible products outlined below.
As part of our commitment to the Code, Zurich is pleased to be able to provide policyholders with even greater certainty about the strength of their trauma insurance definitions.
In order to create a minimum standard across the market for the most commonly claimed trauma conditions, the Code now sets out minimum standard trauma definitions for the following three conditions:
At claim time, where there is a minimum standard trauma definition in the Code for your trauma condition, we will assess your claim against:
so that you get the better of the two definitions.
The definitions for these conditions have been incorporated into the Code, and can be found on the FSC website www.fsc.org.au.? The definitions will be regularly reviewed and updated as necessary to ensure that any required tests, treatments and grading systems are aligned with up-to-date medical practice in Australia.? Any updated definitions will automatically apply once they are adopted into the Code.
Minimum standard trauma definitions apply to the first $2million of any trauma cover issued under Zurich Protection Plus and Zurich Child Cover (Wealth Protection), Zurich Child Cover (Active), Zurich Life Insurance (Sumo) and Zurich Trauma Insurance (FutureWise) on or after 1 July 2017.? They specifically do not apply to health events cover issued under Zurich Active, which provides tiered benefits for health events and is structured differently to trauma cover.? Minimum standard trauma definitions also do not apply to any trauma cover issued as part of an income protection policy.
When we make changes to our products, we pass back as many improvements as we can to existing customers for new conditions occurring after the effective date of the change. Details of our most recent enhancements are set out here.? Not all of the improvements will apply to your policy – you should refer to your policy schedule and for more detail about the cover you hold, and contact your adviser if you need more information.
If you have Optional Protection Benefits attached to a Zurich Superannuation Plan (ZSP), then the changes which apply to your cover are the same as those outlined for Wealth Protection for Superannuation Term Life Plus, Superannuation Income Protector and Superannuation Income Replacement (as applicable) – however prior to 2011, the date when each change is effective corresponds to the relevant ZSP PDS issue date and not the Wealth Protection PDS issue date. This is also the case for 2019, when changes are effective 1 July 2019.
Zurich Wealth Protection – Summary of changes
Issue date: 27 May 2019
The above summary document sets out all the changes made to Wealth Protection over time which have been passed back to existing customers under the guarantee of upgrade.
The information below explains the most recent changes on 27 May 2019.
Terms for all of the following improvements can be found in the relevant section of the Zurich Wealth Protection PDS dated 27 May 2019. Where the improvement is in relation to a defined term, please refer to the definitions section.
Any claims for conditions which first occurred after the effective date indicated, will be assessed against the original terms set out in your policy, as well as the new terms indicated. Zurich takes this ‘dual approach’ to ensure we provide you with the best possible level of protection, as you can qualify under either approach.
?
Effective from 27 May 2019:
Zurich Active – Summary of changes
Issue date: 27 May 2019
The above summary document sets out all the changes made to Active over time which have been passed back to existing customers under the guarantee of upgrade.
The information below explains the most recent changes on 27 May 2019.
Terms for all of the following improvements can be found in the relevant section of the Zurich Active PDS dated 27 May 2019.?Where the improvement is in relation to a defined term, please refer to the definitions section.
Any claims for conditions which first occurred after the effective date indicated, will be assessed against the original terms set out in your policy, as well as the new terms indicated. Zurich takes this ‘dual approach’ to ensure we provide you with the best possible level of protection, as you can qualify under either approach.
?
Effective from 27 May 2019:
Zurich Sumo – Summary of changes
Issue date: 27 May 2019
The above summary document sets out the changes made to Sumo over time which have been passed back to existing customers.
Improved benefits and definitions only apply to claims which arise as a result of events or conditions that first occur on or after the effective date of the change. Should the improved terms and conditions result in a less favourable outcome in the event of a claim, the original terms and conditions of the Sumo policy under which you applied can be relied upon.
The information below explains the most recent change on 29 March 2021, which is a definition update.
Effective from 29 March 2021:
The following policy definition has been updated as set out below.? It is effective immediately.
benign tumour in the brain or spinal cord (with neurological deficit) means non-malignant tumour in the brain, pituitary gland or spine, resulting in:
The impairment must be certified by an appropriate medical specialist.
The presence of the tumour must be confirmed by imaging studies such as CT scan or MRI.
Cysts, granulomas, and malformations in or of the arteries or veins of the brain and hamartomas are not covered.
Zurich FutureWise - Summary of changes
Issue date: 27 May 2019
The above summary document sets out the changes made to FutureWise over time which have been passed back to existing customers.
Upgraded benefits and definitions only apply to claims which arise as a result of events or conditions that first occur on or after the effective date of the change. Should the upgraded terms and conditions result in a less favourable outcome in the event of a claim, the original terms and conditions of the FutureWise policy under which you applied can be relied upon.
The information below explains the most recent change on 29 March 2021, which is a definition update.
Effective from 29 March 2021:
The following policy definition has been updated as set out below.? It is effective immediately.
Non-malignant tumour in the brain, pituitary gland or spine, resulting in a neurological deficit causing:
??????? permanent and irreversible whole person impairment of at least 25%, or
??????? total and irreversible inability to perform at least one of the numbered activities of daily living.
The presence of the tumour must be confirmed by imaging studies such as CT scan or MRI. Cysts, granulomas, and malformations in or of the arteries or veins of the brain and hamartomas are not covered.
Zurich Super Protector - Summary of changes
Issue date: 27 May 2019
The above summary document sets out all the changes made to Super Protector over time which have been passed back to existing customers.
The information below explains the most recent change on 27 May 2019.
Zurich has recently completed a product review and we are pleased to apply the following improvements to your policy, effective from 27 May 2019.
The Future increases provision will now allow a cover increase when the life insured takes out a new investment property loan or when his/her child starts secondary school. And exercising the benefit is now more flexible - increases can be made either in the six months following the date when the event occurs or within 30 days of the next policy anniversary.? The updated wording of this benefit is set out below.
The definitions which apply to the Trauma benefit (under the Extra Benefits Option) have been reviewed to ensure that they are up to date with current diagnostic techniques and treatments.? Definitions for the following conditions have been updated. In some cases the change is to alter the name of the condition to better reflect the breadth of cover provided.
- chronic lung disease
- coma
- encephalitis (with impairment level) - previously encephalitis
- heart valve surgery
- multiple sclerosis with impairment level
- loss of hands or feet - previously loss of limbs
- loss of hearing
- loss of sight
- out of hospital cardiac arrest
Updated definitions are set out below.? Should any of the updated definitions result in a less favourable outcome for you in the event of a claim, the definitions in your existing policy will apply, so that you are never disadvantaged by our upgrades.
Under this feature, after certain events you can apply to increase your existing Life and/or TPD sums insured until the insured person turns 55, and we will accept the increase without the need for medical underwriting. However, satisfactory evidence of the personal or business event or change in financial position for which the increase is sought will be required. The application for an increase under this feature must be made on the appropriate form, available from your adviser or by contacting us on 131 551.
The table sets out the events and the maximum amounts by which you can apply to increase the sum insured.
Only increases of $10,000 or more are eligible for applications under the Future Increases feature. An increase under this feature cannot be made until 12 months after the cover start date for the applicable insurance cover.
The increase in cover must be requested either:
Only one increase may be applied for in any 12 month period under this feature. The maximum amount by which the applicable sum insured can be increased under the Future Increases feature on your Super Protector policy is $1 million.
The TPD Insurance cannot be increased above $3 million for the own occupation, any occupation and superannuation optimiser definitions combined; $2 million for the modified TPD definition and $1 million for the domestic duties definition. These maximum limits apply inclusive of all cover for the insured person held with us or another insurer.
If included in a Life Insurance Policy or connected to a Life Insurance Policy through Flexible Linking the TPD sum insured cannot be increased to an amount greater than the Life sum insured.
Personal events | Maximum increase |
Marriage of the insured person The insured person or their partner gives birth to or adopts a child The insured person's child starts secondary school. |
|
The insured person takes out a new mortgage or increases an existing mortgage (excluding refinance or draw down) The insured person takes out a new investment property loan. |
The lowest of:
|
The income of the insured person increases by 15% or more in a 12 month period |
The lowest of:
|
Business events | Maximum increase |
|
|
An increase in the value of the insured person’s interest/share in the business (if the insured person is a partner, shareholder or similar principal in the business and this policy supports a buy/sell, share purchase or business succession agreement) |
The lowest of:
|
Increase in the size of a business loan where the insured person has an interest in the business or is a key person for the business |
The lesser of:
|
Any premium adjustments, exclusions or special conditions which apply to the Life or TPD Insurance will also apply to any increases made to each of these insurances under this feature.
This feature is not available for each insurance if:
If an event or condition giving rise to a claim occurs during the first six months after an increase in the sum insured under this feature, we will only pay a claim in respect of the increased cover if:
chronic lung disease
End stage lung disease requiring permanent and continuous oxygen therapy, a persistent FEV1 less than 30% predicted or DLCO less than 40% predicted.
coma
A state of unconsciousness with no reaction to external stimuli or internal needs, resulting in a documented Glasgow Coma Scale of 8 or less, for a continuous period of at least 72 hours.
encephalitis (with impairment level)
Acute inflammation of the brain caused by viral or bacterial infection, resulting in neurological deficit and leading to:
heart valve surgery
The undergoing of surgery that is considered necessary to replace or repair cardiac valves as a consequence of heart valve defects or abnormalities that cannot be corrected by non-surgical techniques.
Specifically excluded are angioplasty and intra-arterial procedures.
multiple sclerosis with impairment level
Unequivocal diagnosis of multiple sclerosis with more than one episode of well defined neurological deficit with persisting neurological abnormalities, and evidenced by appropriate neuro-imaging and spinal fluid abnormalities, leading to neurological deficit and resulting in:
If spinal fluid abnormalities are not present or the test was not completed, we will consider other medical evidence acceptable to us that supports the diagnosis.
loss of hands or feet
The total and irreversible loss of the use of two or more of:
loss of hearing
Irreversible hearing loss in the better ear which even with amplification, results in a hearing threshold of 91dB or greater as measured at 500, 1000 and 1500 Hz.
loss of sight
The permanent and irrecoverable loss of sight, to the extent that:
out of hospital cardiac arrest
Cardiac arrest that occurs outside of a hospital due to cardiac asystole or ventricular fibrillation with or without ventricular tachycardia.
The cardiac arrest must not be related to any medical procedure and must be documented by an electrocardiogram (ECG).
If an ECG is not available, we will consider medical evidence which is acceptable to us as confirming that an out of hospital cardiac arrest has occurred.
Examples of suitable evidence includes but is not limited to: Ambulance and Hospital Medical Reports confirming cardiac arrest or the administration of Cardiopulmonary Resuscitation (CPR) by an attending ambulance officer or hospital clinical staff or Automated External Defibrillator (AED) data.
?
The information below explains an earlier change, effective 15 May 2017:
Zurich has recently completed a review of policy definitions to ensure that they continue to reflect modern procedures and terminology.
The new terms are automatically passed on to Super Protector policy holders for insured events which occur on or after the date of the change.? Any claims lodged for these conditions, which first occurred after the date indicated, will be assessed against the original definition set out in your policy, as well as the new definition. Zurich takes this ‘dual approach’ to ensure we provide the best possible level of protection, as the life insured can qualify under either definition.
Effective from 15 May 2017, the definition of terminal illness has been improved so that it is now an advance payment of the Death benefit if the life insured is diagnosed as terminally ill and expected to live for no more than 24 months (certain medical certification requirements apply). The definition previously restricted payments to life expectancy of less than 12 months.
The new definition which applies from 15 May 2017 is set out below:
terminal illness means any condition caused by illness or injury, where despite all reasonable medical treatment, the life insured is expected to live for no more than 24 months as confirmed and certified* by:
* The period of life expectancy, certified by each medical practitioner, must not have ended.
Zurich Superannuation Insurance - Summary of changes
Issue date: 27 May 2019
The above summary document sets out the changes made to insurance sold with the Macquarie Superannuation Plan between 1999 and 2008 (excluding Super Protector and FutureWise), which have been passed back to existing customers.
The information below explains the most recent change on?27 May 2019.
Zurich has recently completed a product review and we are pleased to apply the following improvements to your policy, effective from 27 May 2019.
The Future increases provision will now allow a cover increase when the life insured takes out a new investment property loan or when his/her child starts secondary school. And exercising the benefit is now more flexible - increases can be made either in the six months following the date when the event occurs or within 30 days of the next policy anniversary.
The updated wording of this benefit is set out below:
Under this feature, after certain events the insured person can apply to us for specified amounts of additional Death or TPD cover until the insured person turns 55, and we will accept the application without the need for medical underwriting. However, satisfactory evidence of the personal or business event or change in financial position for which the increase is sought will be required. The application for additional cover under this feature must be made on the appropriate form – contact us on 131 551 and we will send you a copy.
A new policy will be issued for the additional cover under the equivalent product and premium rates available at the time the request for additional cover is made, subject to the special rules outlined below. The additional cover only takes effect from when we approve the application for the additional cover.
The following table sets out the events and the maximum amounts by which the insured person can apply for additional cover.
Only applications for additional cover of $10,000 or more are eligible under the Future Increases feature.
The additional cover must be requested either:
Only one increase may be applied for in any 12 month period under this feature. The maximum amount for which additional cover can be applied for each type of cover under the Future Increases feature is $1 million.
?
Personal events | Maximum increase |
|
|
The insured person or their partner gives birth to or adopts a child |
|
The insured person's child starts secondary school. |
|
The insured person takes out a new mortgage or increases an existing mortgage (excluding refinance or draw down) The insured person takes out a new investment property loan. |
The lowest of:
|
The income of the insured person increases by 15% or more in a 12 month period |
The lowest of:
|
Business events | Maximum increase |
|
|
An increase in the value of the insured person’s interest/share in the business (if the insured person is a partner, shareholder or similar principal in the business and this cover supports a buy/sell, share purchase or business succession agreement) |
The lowest of:
|
Increase in the size of a business loan where the insured person has an interest in the business or is a key person for the business |
The lesser of:
|
?
The combined total of TPD cover under this contract and the additional TPD cover for the insured person cannot be greater than $3 million. Any additional TPD cover will be provided on the basis of the any occupation definition of TPD under the equivalent product available at the time the request for additional cover is made. These maximum limits apply inclusive of all cover for the insured person held with us or another insurer.
For additional cover, the TPD cover cannot be greater than any Death cover applied for under the Future Increases feature.
Additional cover provided under the Future Increases feature is only available as variable payout / fixed insurance, which means the additional cover is a fixed dollar amount of insurance and is paid over and above the accumulated balance in the account held in respect of the insured person in the fund.
Any premium adjustments, exclusions or special conditions which apply to the Death or TPD cover will also apply to any additional cover provided under this feature.
This feature is not available for each cover if:
If an event or condition giving rise to a claim occurs during the first six months after the commencement of the additional cover under this feature, we will only pay a claim in respect of the additional cover if:
?
The information below explains an earlier change effective 15 May 2017:
Zurich has recently completed a review of policy definitions to ensure that they continue to reflect modern procedures and terminology.
The new terms are automatically passed on to?Superannuation Insurance policy holders for insured events which occur on or after the date of the change.? Any claims lodged for these conditions, which first occurred after the date indicated, will be assessed against the original definition set out in your policy, as well as the new definition. Zurich takes this ‘dual approach’ to ensure we provide the best possible level of protection, as the life insured can qualify under either definition.
Effective from 15 May 2017, the definition of terminal illness has been improved so that it is now an advance payment of the Death benefit if the life insured is diagnosed as terminally ill and expected to live for no more than 24 months (certain medical certification requirements apply). The definition previously restricted payments to life expectancy of less than 12 months.
The new definition which applies from 15 May 2017 is set out below:
terminal illness means any condition caused by illness or injury, where despite all reasonable medical treatment, the life insured is expected to live for no more than 24 months as confirmed and certified* by:
* The period of life expectancy, certified by each medical practitioner, must not have ended.
2002 Zurich Wealth Protection Key Features Statement
Issue date: 1 April 2002
2002 Zurich Wealth Protection Key Features Statement
Issue date: 1 September 2002
2003 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2003
2004 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2004
2005 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2005
2006 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2006
2006 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 June 2006
2006 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 1 November 2006
2007 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2007
2007 Zurich Wealth Protection Supplementary Product Disclosure Statement No.1
Issue date: 22 May 2007
2007 Zurich Wealth Protection Supplementary Product Disclosure Statement No.2
Issue date: 1 October 2007
2008 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2008
2008 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 10 September 2008
2009 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2009
2010 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 March 2010
2010 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 6 September 2010
2011 Zurich Wealth Protection Product Disclosure Statement including Policy Conditions
Issue date: 1 March 2011
2011 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 29 September 2011
2012 Zurich Wealth Protection Product Disclosure Statement including Policy Conditions
Issue date: 1 March 2012
2012 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 14 September 2012
2013 Zurich Wealth Protection Product Disclosure Statement
Issue Date: 1 March 2013
2013 Zurich Wealth Protection Superannuation Income Replacement Product Disclosure Statement including Policy Conditions
Issue date: 27 September 2013
2013 Zurich Wealth Protection For Superannuation Platforms Product Disclosure Statement
Issue date: 1 September 2013
2014 Zurich Wealth Protection Product Disclosure Statement including Policy Conditions
Issue date: 1 March 2014
2014 Zurich Wealth Protection Supplementary Product Disclosure Statement
Issue date: 26 September 2014
2015 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 March 2015
2015 Zurich Wealth Protection Product Disclosure Statement and Policy conditions and Application form
Issue Date: 21 December 2015
Zurich Income Replacement Product Disclosure Statement and Policy Conditions
Issue Date 21 December 2015
2017 Zurich Wealth Protection and Zurich Insurance-only Superannuation Plan Product Disclosure Statement
Zurich Wealth Protection PDS issue date: 15 May 2017;
Zurich Insurance-only Superannuation Plan PDS issue date: 18 December 2017
2017 Zurich Insurance-only Superannuation Plan PDS
Issue date: 18 December 2017
2017 Zurich Wealth Protection and Zurich Insurance-only Superannuation Plan Product Disclosure Statement
Zurich Wealth Protection PDS issue date: 15 May 2017;
Zurich Insurance-only Superannuation Plan PDS issue date: 12 March 2018
2018 Zurich Insurance-only Superannuation Plan PDS
Issue date:12 March 2018
2019 Zurich Wealth Protection Product Disclosure Statement
Issue date: 27 May 2019
2019 Zurich Insurance-only Superannuation Plan PDS
Issue Date: 27 May 2019
2020 Zurich Wealth Protection Product Disclosure Statement
Issue date: 1 April 2020
2010 Zurich Active Product Disclosure Statement
Issue date: 11 June 2010
2011 Zurich Active Product Disclosure Statement
Issue date: 21 May 2011
2012 Zurich Active Product Disclosure Statement
Issue date: 12 May 2012
2013 Zurich Active Product Disclosure Statement
Issue date: 8 June 2013
2014 Zurich Active Product Disclosure Statement
Issue date: 7 June 2014
2016 Zurich Active Product Disclosure Statement (including Insurance-only Division Membership PDS)
Issue Date: 1 October 2016
2017 Zurich Active PDS and Zurich Insurance-only Superannuation Plan PDS
Zurich Active PDS issue date: 15 May 2017;
Zurich Insurance-only Superannuation Plan PDS issue date: 18 December 2017
2017 Zurich Insurance-only Superannuation Plan PDS
Issue date: 18 December 2017
2017 Zurich Active PDS and Zurich Insurance-only Superannuation Plan PDS
Zurich Active PDS issue date: 15 May 2017;
Zurich Insurance-only Superannuation Plan PDS issue date: 12 March 2018
2018 Zurich Active PDS and Zurich Insurance-only Superannuation Plan PDS
Zurich Active PDS issue date: 30 April 2018;
Zurich Insurance-only Superannuation Plan PDS issue date: 12 March 2018
2018 Zurich Insurance-only Superannuation Plan PDS
Issue date:12 March 2018
2019 Zurich Active Product Disclosure Statement
Issue date: 27 May 2019
2020 Zurich Active Product Disclosure Statement
Issue date: 1 April 2020
2009 Zurich Sumo Product Disclosure Statement
Issue date: 24 March 2009
2011 Zurich Sumo Product Disclosure Statement
Issue date: 21 May 2011
2014 Zurich Sumo Product Disclosure Statement
Issue date: 7 June 2014
2016 Zurich Sumo Product Disclosure Statement
Issue date: 1 October 2016
2017 Zurich Sumo Product Disclosure Statement
Issue date: 15 May 2017
2019 Zurich Sumo Product Disclosure Statement
Issue date: 27 May 2019
2020 Zurich Sumo Product Disclosure Statement
Issue date: 1 April 2020
2006 Zurich FutureWise Product Disclosure Statement
Issue date: 1 November 2006
2007 Zurich FutureWise Product Disclosure Statement
Issue date: 13 March 2007
2008 Zurich FutureWise Product Disclosure Statement
Issue date: 18 April 2008
2008 Zurich FutureWise Product Disclosure Statement
Issue date: 24 October 2008
2009 Zurich FutureWise Product Disclosure Statement
Issue date: 15 May 2009
2009 Zurich FutureWise Supplementary Product Disclosure Statement (including May PDS)
Issue date: 23 October 2009
2009 Zurich FutureWise Product Disclosure Statement
Issue date: 11 December 2009
2010 Zurich FutureWise Product Disclosure Statement
Issue date: 23 April 2010
2011 Zurich FutureWise Product Disclosure Statement
Issue date: 21 May 2011
2012 Zurich FutureWise Product Disclosure Statement
Issue date: 12 May 2012
2013 Zurich FutureWise Product Disclosure Statement
Issue date: 8 June 2013
2014 Zurich FutureWise Product Disclosure Statement
Issue date: 7 June 2014
2014 Zurich FutureWise Product Disclosure Statement
Issue date: 17 November 2014
2014 Zurich FutureWise Supplementary Product Disclosure Statement
Issue date: 17 July 2014
2016 Zurich FutureWise Product Disclosure Statement (including Insurance-only Division Membership PDS)
Issue date: 1 October 2016
2016 Zurich FutureWise and Zurich Insurance-only Superannuation Plan PDS
Zurich FutureWise PDS issue date: 1 October 2016;
Zurich Insurance-only Superannuation Plan PDS issue date: 18 December 2017
2017 Zurich Insurance-only Superannuation Plan PDS
Issue date: 18 December 2017
2016 Zurich FutureWise and Zurich Insurance-only Superannuation Plan PDS
Zurich FutureWise PDS issue date: 1 October 2016;
Zurich Insurance-only Superannuation Plan PDS issue date: 12 March 2018
2018 Zurich Insurance-only Superannuation Plan PDS
Issue date:12 March 2018
2019 Zurich FutureWise Supplementary Product Disclosure Statement
Issue date: 27 May 2019
2005 Zurich Super Protector Product Disclosure Statement
Issue date: 24 October 2005
2006 Zurich Super Protector Product Disclosure Statement
Issue date: 15 May 2006
2007 Zurich Super Protector Product Disclosure Statement
Issue date: 9 November 2007
2009 Zurich Super Protector Product Disclosure Statement
Issue date: 15 May 2009
2010 Zurich Super Protector Product Disclosure Statement
Issue date: 23 April 2010
Policies for insurance obtained through the Macquarie Superannuation Plan between 1999 and 2008 (excluding Super Protector and FutureWise)
2011 Zurich Group Income Protection Contract - Superannuation Insurance
Issue date: 21 May 2011
2011 Zurich Group Life Contract - Superannuation Insurance
Issue date: 21 May 2011
Prior to 1 March 2011, the Optional Protection Benefits offered under the Zurich Superannuation Plan (ZSP) were outlined in the ZSP PDS.
2011 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 11 March 2011
2012 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 1 March 2012
2012 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 22 June 2012
2013 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 1 July 2013
2014 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 1 March 2014
2015 Zurich Superannuation Plan - Optional Protection Benefits Information Booklet
Issue date: 21 December 2015
2019 Zurich Superannuation Plan Optional Protection Benefits
Issue date: 1 July 2019
Premium rates for Zurich Wealth Protection, Zurich Active and the Zurich Optional Protection Benefits are not guaranteed. As explained in the PDSs for each product suite, we’ve changed premium rates for all policies in the same category in the past.
Here’s an overview of premium rate increases we have made in recent years. The date of increase is when the first policy of that type was increased. Each affected policy increases as it reaches its anniversary. Any increases that affect you will be explained on the policy anniversary notice we send you before the change is applied to your policy.
Premium rate changes in the future may differ to what has happened in the past due to changing situations. Please refer to your PDS for information about when and why we change premiums.
Date increase first applied | Policies affected |
Premium structure |
Impacted cover | Change |
31 March 2019 |
Policies starting before 20 Dec 2015 (series 1) |
Stepped premium |
Income protection |
Base premium rates for all ages increased by 5% |
Policies starting before 15 May 2017 (series 1 & 2) |
Stepped & level premium |
TPD & Trauma |
Base premium rates for all ages increased by the amount of stamp duty where applicable |
|
1 April 2020 |
Policies starting before 27 May 2019 (series 1 & 2, series 3, stream 1 only) |
Stepped & level premium |
TPD |
Base premium rates for all ages increased by 10% |
Trauma |
Base premium rates for all ages increased by 5% |
|||
Income protection |
Base premium rates for all ages increased by 15% |
|||
Business expenses |
Base premium rates for all ages increased by 15% |
Date increase first applied | Policies affected |
Premium structure |
Impacted cover | Change |
8 June 2018 |
Policies starting before 14 May 2017 (series 1) |
Stepped & level premium |
Income protection |
Base premium rates for all ages increased by 12.5% |
1 April 2020 |
Policies starting before 27 May 2019 (series 1, series 2 stream 1 only) |
Stepped & level premium |
Income protection |
Base premium rates for all ages increased by 15% |