Zurich and OnePath Life commit to supporting frontline healthcare workers
Inaugural signatories to the FSC’s commitment for providing life insurance for those contributing to the fight against COVID-19
Zurich Life & Investments continues its support and commitment to the Financial Services Council’s (FSC’s) industry commitment for providing life insurance to those frontline healthcare workers who are supporting Australians through the fight against COVID-19.
The FSC Life Insurance Committee’s commitment:
- Provides surety to medics, nurses, emergency personnel including paramedics and police, aged care workers and other healthcare professionals, that they will not be precluded from accessing life insurance on the basis of their exposure or potential exposure to the Coronavirus.
- Applies to new underwritten applications for individual life insurance benefits, up to a financial threshold. Healthcare workers can opt to take out life insurance beyond these thresholds by purchasing additional cover on top, and going through underwriting processes.
- As of 27 July 2020, this commitment was extended to 1 January 2021.
Justin Delaney, CEO, Zurich Life & Investments, said, “We are pleased to be doing our part to provide some reassurance and consistency to healthcare workers that they can access life insurance cover, should they need it.
“Maintaining service levels for customers at this stressful time is a primary focus for us at Zurich and OnePath. We have taken additional measures to protect our employees and equip them with the business tools so that they can continue to support all customer claims, applications and other customer support needs,” he said.
More on the FSC Life Insurance Committee Covid-19 commitment to frontline healthcare workers can be found here.
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Media Enquiries:
Zurich Financial Services Australia
Adam Siddique
Head of Public & External Affairs
Zurich Financial Services Australia is a life insurance, commercial insurance and investments specialist that has been participating in the Australian market since 1920. Since its acquisition of OnePath Life from ANZ in 2019, the company provides life insurance to more than 1.5 million Australian customers under both the Zurich and OnePath Life brands. Further information about Zurich Financial Services Australia is available at www.zurich.com.au
Zurich Insurance Group (Zurich) is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.
Reflecting its purpose to ‘create a brighter future together’, Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil.
The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.