Zurich Australia launches income protection for women’s health

It will cover conditions such as menopause and endometriosis.

About three-quarters of working Australian women have experienced negative career impacts due to these conditions, according to Zurich Financial Services Australia. 

In line with this, Zurich Australia has launched a corporate income protection benefit aimed at covering female health conditions like menopause and endometriosis.

The research, based on a survey of nearly 800 women, highlights issues related to female health conditions such as menopause, pregnancy complications (including Hyperemesis Gravidarum, early pregnancy loss, or stillbirth), endometriosis, and menstrual disorders like Premenstrual Dysphoric Disorder. 

About two-thirds of women surveyed experienced these conditions. Key findings show that 80% of these women reported decreased productivity at work or home, 60% needed significant time off to manage symptoms, and 30% suffered financial losses. 

Additionally, almost 70% did not inform their employer due to concerns over discrimination or lack of support. Amongst those who disclosed their condition, one in three reported facing discrimination, particularly in healthcare, social welfare, or education sectors.

“It is widely acknowledged that women’s health conditions are under-researched and misunderstood. This gap extends to many workplaces, where women experiencing these conditions are facing productivity and career impacts, and in some cases, discrimination and isolation,” stated Darren Wickham, Head of Group Insurance at Zurich Australia & New Zealand.

Zurich’s new benefit, the ‘Women’s Health Benefit,’ is part of its updated Corporate Care Income Protection product. 

It offers financial protection to women facing conditions such as ectopic pregnancy, Hyperemesis Gravidarum, preterm birth, stillbirth, neonatal mortality, endometriosis, PMDD, or menopause. 

Alongside financial support, eligible women will have access to educational content, masterclasses, and digital health programs to assist with their recovery.