Zurich Critical Illness Review
This article was last updated:
Our experts review costs, policy features, and customer feedback on Zurich's range of Critical Illness policies.
This article was last updated:
Our experts review costs, policy features, and customer feedback on Zurich's range of Critical Illness policies.
Zurich is a leading multi-line insurance company with a global network of subsidiaries and offices in North America and Europe.
How did Zurich rank against the other top providers of Critical Illness Cover in the UK?
In this guide:
In case you missed it: we have also reviewed Zurich's range of life insurance policies.
The insurance company Zurich was founded in 1872 in Zurich, Switzerland. It is the largest insurance company in Switzerland and one of the largest in the world. It offers a wide range of insurance products and services, including property and casualty, life and health, and commercial insurance.
Zurich has a long history of financial strength and stability. It has been rated A+ (Superior) by A.M. Best for over 20 years, and its financial strength rating was upgraded to AA- (Very Strong) in 2013. Zurich is a global company with operations in over 50 countries and more than 60,000 employees. It serves customers in more than 170 countries.
Zurich offers a range of Critical Illness policies in the UK which provide cover for a wide range of conditions. The policies offer a lump sum payment if the policyholder is diagnosed with a critical illness, which can be used to help cover the costs of treatment, make adaptations to their home or replace lost income. The policies also provide cover for children, with a lump sum payment being made if they are diagnosed with a critical illness before the age of 18.
Zurich's Critical Illness cover starts at £5.39 per month for UK customers aged 18-34. Prices increase with age, with cover for UK customers aged 35-44 costing £7.19 per month, and cover for UK customers aged 45-54 costing £9.59 per month.
The feedback from Zurich's UK customers on their Critical Illness policies is generally positive, with policyholders feeling that the coverage is comprehensive and the claims process is straightforward. There have been a few complaints about the cost of the premiums, but overall customers are satisfied with the value for money offered by Zurich.
The main advantage of Zurich's UK Critical Illness policies is that they offer a wide range of cover, including for cancer, heart attacks and strokes. They also have a high level of customer satisfaction, with a recent poll finding that 92% of policyholders would recommend them to a friend.
There are a few disadvantages to be aware of, however. Firstly, their premiums can be on the expensive side. Secondly, some customers have complained about their claims process, saying it can be slow and difficult to navigate.
In the UK in 2021, Zurich paid out on over 99% of all critical illness claims, making it one of the UK's best critical illness providers by percentage of claims paid.
"I was so relieved when I bought Critical Illness from Zurich. I know that if anything happens to me, my family will be taken care of financially. I don't have to worry about them struggling to make ends meet."
Life insurance can be a tax deductible business expense in certain cases. For example, if the life insurance policy is taken out on a key employee, the premiums can be deducted as a business expense. Additionally, if the life insurance policy is used as collateral for a business loan, the
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