Our partnership with Zurich Australia launched in April 2021. With a leading global insurance company behind our product, My Protection Plan, mortgage brokers can be confident in ALI’s risk solution offering for their clients.
We’ve chosen to partner with Zurich because they have the technical expertise, resources and willingness to collaborate with us to develop better solutions that meet the needs of Australian home and property buyers.
About Zurich Australia
Zurich Australia is the Australian arm of Zurich Insurance Group (Zurich) - a leading multi-line insurer that serves its customers in global and local markets.
Zurich was founded in the city of Zurich, Switzerland in 1872, where their headquarters remain today. Since then they have applied their expertise and experience to ensuring their customers have the very best protection for the things they value. That is their mission and is at the heart of everything they do.
Their Australian story dates back to 1920, when the Commonwealth General Assurance Corporation Ltd (CGA) was incorporated in New South Wales. In 1961, CGA became part of the Zurich Insurance Group. Since then the Australian business has grown significantly, employing more than 1,000 people across Australia and New Zealand who share a commitment to always placing customers' needs at the heart of business.
On 1 June 2019 ANZ’s life and consumer credit insurance business (OnePath Life) was formally acquired by Zurich Australia. This created one of Australia’s largest life insurers, with a combined Australian heritage of more than 200 years, serving more than two million customers and paying more than $1 billion per annum in claims.
My Protection Plan is issued by Zurich Australia Limited ABN 92 000 010 195 AFSL 232510. It is distributed by Australian Life Insurance Distribution Pty Ltd ABN 31 103 157 811 AFSL 226403 (ALI). ALI’s AFS licence authorises the provision of general financial product advice only. This means that any advice provided to you by ALI and its representatives (including mortgage brokers appointed as its authorised representatives) in relation to My Protection Plan does not take into consideration your personal objectives, financial situation and needs, or any information held as a result of the provision of credit assistance by your mortgage broker relating to your home loan or other loans. Whilst the initial My Protection Plan quote you received was based on your loan amount, we are not recommending that this product nor any specific cover amount is personally suited to you and your circumstances. You should consider the combined Product Disclosure Statement and Policy Document (available at http://www.aligroup.com.au) when deciding if this product is appropriate for you. If you require advice specific to your circumstances, you should speak to a financial adviser. © ALI Group 2021
If you have an existing policy with us your benefits may differ. Please contact us to discuss.