A quick summary for those in a hurry
Zurich life insurance has always been flexible, so that your cover changes with your circumstances and budget. With access to the My Zurich Life portal, customers can adjust factors (like sum insured, payment frequency, and optional extras) to quickly see the impact on their premiums. For more significant changes (like updating health profiles or tailoring coverage) speaking to a financial adviser is highly recommended. With over 1.5 million individual Australians insured1, Zurich can help you along the way but always remember that changing your options can change what you’re covered for so it’s always best to double check with your financial adviser before changing cover.
It’s about protecting dreams. Keeping the home we built. Funding future ambitions. And ensuring that life goes on smoothly.
For many Australians, life insurance is a ‘set and forget’ purchase. They share personal details at the start of the policy but then just roll it over at renewal time. So, the policy starts off perfect but may not be perfect anymore.
Because times change.
Perhaps you’ve had a pay rise or moved jobs. Maybe you’ve changed your debt profile, or had dependants no longer depend on you. You might have improved your health by giving up smoking. You could even have had a major change to your family set up.
Truth is, if your life has changed then your life insurance should too.
The good news is, Zurich has lots of ways to adjust your policy to match your needs – even if that’s simply to make it more affordable. Some are quick and easily when you access the My Zurich Life portal. Others are best explored in conversation with your financial adviser.
Adjust your cost of cover via My Zurich Life
If you have access to the My Zurich Life customer portal you can explore how changing some options can change your premium. You can see an instant, updated quote – so, you can adjust your policy to your needs and budget at any time. Watch this short video.
Your available options will depend on your type of policy.
| Flexible controls available by logging into My Zurich Life^ | Life Cover | TPD Cover | Trauma Cover | Income Protection |
|---|---|---|---|---|
| Review your total coverReducing your sum insured can reduce premiums. | Yes | Yes | Yes | Yes |
| Pay your premiums annuallySave up to 6% by paying yearly not monthly.* | Yes | Yes | Yes | Yes |
| Decline indexationStop automatically changing your cover to match changes in the Consumer Price Index. | Yes | Yes | Yes | Yes |
| Remove extra-cost optionsTurn off options you don’t need. | Yes | Yes | Yes | Yes |
To access My Zurich Life right now, click below.
Life insurance is like a superhero taking care of my family. It will protect them from financial hardship when I’m no longer around.
Book a meeting with your financial adviser
If your cover was set up with an adviser, it’s smart to speak with them before making any changes. Or you can chat to the team at Zurich. They can help if you’re looking to:
- Make your cover more affordable.
- Update your protection to match your current stage of life.
Remember, you can’t make these changes through the My Zurich Life portal because they can significantly affect your protection plan.
| Flexible controls to explore with your financial adviser^ | Life Cover | TPD Cover | Trauma Cover | Income Protection |
|---|---|---|---|---|
| Remove extra-cost optionsTurn off options you don’t need. | Yes | Yes | Yes | Yes |
| Update your health profileChanging career or quitting smoking can save you money. Check if you are paying smoking loadings and that your career coverage needs to remain the same. | Yes | Yes | Yes | Yes |
| Extend your waiting periodChoose to wait longer after becoming disabled before being paid a benefit. | Not available | Not available | Not available | Yes |
| Reduce your benefit periodShorten the time you’re eligible for payments. | Not available | Not available | Not available | Yes |
| Change your definition of TPDSwitch to covering your inability to work in any occupation, instead of just your own. | Not available | Yes | Not available | Not available |
| Tailor your TPD to your needsOur new Continuous Care product offers TPD cover for home modification or personal care needs, without covering loss of income, making it a less expensive option. | Not available | Yes | Not available | Not available |
| Change from Agreed Value to Indemnity coverChanging to Indemnity cover means any claim would be assessed based on your average income immediately prior to the claim, rather than an agreed value and can save you 10% or more.* | Not available | Not available | Not available | Yes |
My father passed away when I was 10 and made it very difficult for my mother. I don’t want that for my family.
Remember, you’re with one of Australia’s leading insurance providers
By protecting yourself with Zurich, you are enjoying:
- Strength in numbers
Over 1.5m Australians and over 75 million people worldwide1 choose the Zurich Insurance Group to protect them. That’s in 200+ countries and territories. - Confidence in claiming
In 2025, more than $1.3bn was paid to Australian families and households2 by Zurich and OnePath Life. - Save on other expenses with Loving Life
Access to 8,000+ lifestyle and entertainment offers – including savings on food and petrol. Find out more and register at zurich.com.au/lovinglife
We’re here to help
If you’d like to better understand your policy and all your available options:
- Contact your financial adviser
- Call Zurich on 131 551 (8:30am – 6:30pm AEST, Monday to Friday)
- Visit zurich.com.au/lifepremiums for tools, resources and guidance.
