Critical Illness Insurance

Critical Illness Insurance, one of Zurich’s Supplemental Benefits offerings, is independent of other medical coverage and can help meet some expenses not covered by standard health insurance policies. It provides a lump-sum payment to a covered individual who is diagnosed with one or more of the critical illnesses outlined in the policy.

The benefit is paid directly to the insured individual, who can choose how to use it, such as to help cover deductibles, lost wages, household bills, alternative treatment or other needs. This flexibility allows the beneficiary to focus on recovery and not on the financial impact of a critical illness.

Offering Critical Illness Insurance to your employees or group members can be a valuable part of a benefits package. For employers, a critical illness option shows current employees and potential new hires that you are concerned for their well-being and financial stability, helping you attract and retain top talent. For affinity groups, offering the coverage can be a real competitive edge in reaching new customers and members.

Zurich’s flexible plans can be customized for the specific needs of each organization and within a wide range of benefits administration platforms. We have a dedicated support team for coordination of plan development, marketing, administration onboarding, and program management.

With out-of-pocket health insurance costs rising,¹ workers and group members are looking for support in managing those expenses. Even those with strong traditional healthcare plans can find their personal finances strained by these costs. Critical Illness Insurance can help employers and affinity groups provide financial support for their workforce and membership communities.

Yes, Zurich’s Critical Illness Insurance is focused precisely on addressing this need. The cash benefit can be used however the beneficiary chooses, including to help cover high deductibles, co-pays and other medical expenses not covered in the insured’s other healthcare insurance policies.