Zurich Insurance Group In Singapore Rolls Out Multi-Currency Protection Plan

Tom Burroughes

8 July 2014

Zurich Life Insurance (Singapore), part of the Swiss-listed , has launched a multi-currency protection plan designed to serve internationally mobile clients.

The product is called Z Protect-Prestige. It was, the firm said, “developed using research and feedback from Zurich’s distributors and existing customers that highlighted the need for international coverage and protection versatility in Singapore, particularly among business travellers, expatriates, as well as affluent and emerging affluent segments”.

The policy can be maintained from any location with an option to pay premiums in multiple currencies and through a credit card.

The product’s minimum sum assured is S$750,000, and is available in six currencies – Singapore dollar, dollar, euro, sterling, Australian dollar and Hong Kong dollar. There is no medical underwriting required for the sum assured less than or equal to $1 million for age 50 and below.