Zurich Introduces Two New Insurance Plans, Zurich Essential Cover And Zurich Prestige Cover
Author Avatar

Zurich Malaysia has introduced two new affordable insurance plans – Zurich Essential Cover and Zurich Prestige Cover – in response to the public’s concern surrounding Covid-19 and their inability to provide for loved ones without a safety net of protection. The plans come with the Guaranteed Acceptance feature, which allows customers hassle-free access to their coverage without having to go through any medical check-ups or health questionnaires.

According to a statement by insurance company, the Zurich Essential Cover life protection plan is primarily targeted at individuals who are in the early years of their careers, whereas the Zurich Prestige Cover endowment plan is best suited for those who are planning their retirement. In terms of benefits, both plans offer up to 600% of the basic sum assured (BSA), covering the following:

Benefit Benefit payable
Death/Total and permanent disability/Golden age disability Higher of 100% of BSA or total premium paid
Balik kampung accidental death Death benefit + 100% of BSA
Public conveyance accidental death Death benefit + 200% of BSA
Overseas accidental death Death benefit + 300% of BSA
Onboard flight accidental death Death benefit + 400% of BSA
Natural disaster accidental death Death benefit + 500% of BSA

(Image: New Straits Times)

Customers will also have the flexibility to opt for their preferred BSA for both plans – ranging from RM20,000 to RM300,000 – to meet their personal needs.

Zurich further noted that the Zurich Essential Cover plan offers an affordable premium of RM1.43 per day, with the choice of 20 or 30 year coverage. The premium payable is also guaranteed and will remain unchanged throughout the coverage term. Meanwhile, the Zurich Prestige Cover plan provides customers with the option to pay for 5, 10, or 20 years (with differing maturity benefit of between 110% to 130% of total premium paid), and be covered for 30 years.

The chief executive officer of Zurich Life Insurance, Khoo Ai Lin said that the company understands its customers’ concerns in these uncertain times, and wishes to provide a solution that is attainable for them. “With these two plans, Zurich is protecting Malaysians by taking on the risk for our customers. Through a protection plan that is convenient, customers can close the debt gap and enhance their Malaysian lifestyle,” she said.

If you’re interested in purchasing either plans, you may want to also tap into an ongoing campaign by Zurich where you can enjoy a one-month premium rebate and Covid-19 post vaccination benefits. To obtain these benefits, you’ll need to get the plans with a minimum total annual premium of RM2,400. This campaign is slated to end on 7 May 2021.

To find out more about the Zurich Essential Cover or Zurich Prestige Cover plans, head on over to the insurance company’s website.

0 0 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Insurance Articles
Post Image
Government and Private Hospitals in Malaysia: How Much Do They Really Cost?
The RinggitPlus Team
- 2nd January 2018
We keep hearing that government hospitals are cheaper than the private ones, but what’s the price difference really like? Keep reading to find out!
Post Image
How To Claim Income Tax Reliefs For Your Insurance Premiums
Alex Cheong Pui Yin
- 7th April 2022
There are quite a few types of tax reliefs that you can claim to reduce your chargeable income […]
Post Image
The First Cancer Rider Offering Treatment Allowance & Hospice Care In Malaysia By Takaful IKHLAS
Katrina Balan Quiroz
- 1st July 2021
Around the world, Malaysia included, cancer has remained as one of the leading causes of death. Last year, […]
Post Image
Introducing FWD Takaful
The RinggitPlus Team
- 17th September 2019
Forget what you thought you already knew about Takaful – and find out what new perspectives FWD Takaful has to introduce.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image