Zurich Financial Services Australia has revamped its total and permanent disability (TPD) product, introducing non-occupation-based assessment criteria and a more flexible superannuation optimiser facility with rate reductions.

Life and Investments Head of Distribution Kristine Brooks says it is the first major product update since the company acquired Macquarie Life last year.

The change is “the culmination of many months of working with advisers, determining how we could best equip them to succeed in a rapidly changing marketplace. Affordability and value for money repeatedly came across as top priorities, so we are pleased to support advisers with generous term and TPD rate reductions.”

Ms Brooks says it is now easier to qualify for the SmartValue bundling discount.

“There are also a number of product improvements, which will enhance the quality and flexibility of our offering. Plus, under Zurich’s upgrade guarantee, improved trauma definitions are being passed back to all existing wealth protection customers.”