Zurich International
International Term Assurance

An independent review by our team of experts.

Review summary

Zurich International
International Term Assurance

Zurich International Life is part of the Zurich Insurance Group, offering life insurance, investment and protection solutions throughout the world.

Operating in international markets around the globe for many years, Zurich Insurance Group employs around 60,000 people in 170 countries. 

Zurich International provides individual savings, investment and protection products, and have established branches in Bahrain, Hong Kong, Qatar, Singapore, Taiwan and the United Arab Emirates.

Zurich International’s International Term Assurance (ITA) is a level term life insurance policy.

This means it is an insurance plan for international expats, designed to pay a cash sum if you suffer terminal illness or die during the policy term.

Overview

This term is fixed at the time you incept the plan. It provides compulsory life cover and the option to add any combination of the additional benefits (see below).

Depending on the cover you choose, your premiums may be guaranteed for the policy term, or reviewed periodically 

Zurich International Term Assurance key features: 

  • You can choose a term of between five and 35 years.
  • You can maintain protection wherever you or your business move to.
  • You can add the optional benefits of critical illness, permanent and total disability, or waiver of premium benefits.
  • You can combine ITA with other products.

Additional benefits:

Critical illness cover (which pays on the diagnosis of an illness during the term).

Permanent or total disability benefit (which pays you a cash sum if you become permanently or totally disabled during the policy term).

Waiver of premium benefit (which pays your policy premiums if you are unable to work through illness or accident).

Common restrictions apply to this plan (such as hazardous sports exclusions, cancellation of cover if premiums are unpaid, or voiding if inaccurate information is provided).

Territoriality changes do not automatically void insurance even if moving to the US, although some cover may subsequently be limited.

The pros

  • Medium cost
  • Glossy brochure!!
  • Global brand

The cons

  • Poor customer service
  • Inflexible
  • Commonly mis-used
FAQs
Why would I choose Zurich's International Term Assurance?

It can:

  • Provide you with life cover that will pay a cash sum if:

    • –  you die during the term of the policy, or

    • –  you are diagnosed with a terminal illness and have less than 12 months to live, provided that the diagnosis occurs before the last 18 months of the policy term.

  • Pay you a cash sum if you are diagnosed with a critical illness during the policy term, if critical illness benefit is chosen.

  • Pay you a cash sum if you become permanently and totally disabled during the policy term, if permanent and total disability benefit is chosen.

  • Pay your policy premiums if you are unable to work through illness or accident, if waiver of premium benefit is chosen.

  • Continue to provide protection if you move permanently to another country.*

    *Subject to Zurich's business acceptance rules at the time

What are the risk factors with Zurich's ITA?
  • If you don’t answer all the questions on your application fully, truthfully and accurately, Zurich may not pay a claim.

  • Zurich will not pay a claim in the following circumstances...

  • We will not pay a claim and will cancel all cover in the following circumstances:

    • You don’t give them all the information they ask for when you apply for your policy, or when you make a claim.

    • You have not made all the premium payments that were due.

    • The claim arises from intentional self-in icted injury,suicide or attempted suicide.

    • The claim arises from sickness or injury that first appeared, happened or was diagnosed before your policy started, increased or was last reinstated (unless disclosed to and accepted by Zurich as part of the application or reinstatement process).

    • The claim arises directly or indirectly as a result of the life insured’s involvement in war or war like operations, terrorism, or a criminal act.

  • If you stop paying your premiums,your policy and all policy benefits will end 90 days from the due date of the first unpaid premium. Zurich won’t refund any of your premium payments.

If you choose critical illness benefit, Zurich may ask you to pay more for this benefit in future.There is no limit to the increase in payments that may apply. You may not be able to afford the same level of cover after a review or be able to take out replacement cover.

Apart from the standard exclusions within the ITA policy terms and conditions, Zurich may apply specific exclusions to your policy when they accept your application. If they do this they will advise you prior to commencing your policy and capture these within your policy schedule.

The policy has no cash in value at any time.

Customer reviews
Broadly happy

More expensive than I would have paid back home...but this is a fairly plain vanilla policy and that's what I wanted.

However, note that it won't pay out if you end up the victim of a terror attack - I think that's bad...

Expert verdict
Expert Assessment of Zurich International's
International Term Assurance

It is important that professional, independent advice is sought when buying expat insurance. 

Given the high level of commission the sale of insurance products can produce, we recommend advice is sought from an independent adviser who charges a fee for their services, and who rebates you any commission they receive, so you have the peace of mind that no conflict of interest exists.

In our view, it is unwise to purchase insurance from your bank or ‘free’ advice giving IFA – who is actually highly likely to be commission incentivised and biased.

As a global insurer, Zurich are a market leader in the provision of international term insurance.  Our verdict is that Zurich's ITA is an excellent plan but ONLY when professional, objective advice in regard to its inception and maintenance is sought.

If you'd like us to review your level of protection, as part of your overall portfolio, request your free X-Ray Review™ and we'll give you all the factual information you need, in plain English, to make the right decisions about your financial position.

“Thank you AES International for helping me and my family with your low cost no-nonsense approach. It is refreshing!”

Kristian Petersson

“With this sort of service you also expect to be paying very high fees, but it’s just not the case. I would definitely recommend AES.”

Jake van den Dries

“In the short time that I’ve been using AES I’ve made nearly ten thousand pounds and couldn’t be happier!”

Jackie Pym

    Additional resources

    View all Reviews

    Request your X-Ray Review™ today!

    Because you deserve better results - nothing less.