Zurich has launched an innovative multi-currency protection plan that addresses a clear gap in the market for flexible life insurance solutions for internationally mobile customers.
Brought to the market via its subsidiary, Zurich Life Insurance (Singapore) Pte. Ltd. (ZLS), Z Protect-Prestige (ZPP) was 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.
Key features of ZPP include the ability to maintain the policy from any location and the option to pay premiums in multiple currencies and via credit card. The flexible features also enable customers to adapt coverage according to changing family, lifestyle and business circumstances.
Commenting on the new proposition, Peter Huber, Chief Executive Officer of Zurich Global Life Singapore said, "ZPP is a clear sign of our commitment to securing the future of our customers particularly in this increasingly global marketplace. By listening to their needs, we have been able to develop a bespoke product that is uniquely tailored to the fast-paced lifestyle of high-achieving individuals that make up our customer base. Through innovative products such as this, we continue to strengthen our leadership position within Singapore’s affluent segment as customers plan for their future."