Zurich launch ‘signature free’ Online Apply for Regular Savings

The Financial Broker share of the regular savings market in Ireland has grown steadily over the last number of years. With bank deposit rates remaining at record lows, and people now more conscious than ever of the need to have savings put away – whether for a specific need such as education funding or simply for that rainy day such as our current pandemic – Zurich think that this market will see continued growth and that Financial Brokers are best placed to capitalise on it.

Zurich’s savings proposition was already strong – the availability of the Prisma Funds, great online access for customers, very competitive pricing and charging structures, and of course market leading investment performance*. But the advent of remote working and the need for greater flexibility in regard to helping customers transact has seen a shift in focus to digital solutions.

A new way of working – OnlineApply from Zurich

Typically a traditional customer signature is required when applying for a regular savings product – normally in the form of a ‘wet signature’ on a paper application form, or via a digital signature provided by the likes of DocuSign or Adobe sign. Zurich’s new OnlineApply removes the need for either of these old style methods when applying for a regular savings product as it has incorporated a seamless digital consent facility.

Step 1 – The Financial Broker inputs a client application for a Regular Savings plan on Zurich’s OnlineApply system and uploads the required Anti-Money Laundering (AML) documentation.
Step 2 – Prior to submitting to Zurich, the application is sent directly from the OnlineApply system to the clients email for their check, validation, and consent.
Step 3 – The client receives an email link to the application form. For enhanced security a validation code will also be provided via text message to access the application form. The client checks the application, and if happy, validates and provides consent. 
Step 4 – Once the client provides consent, the application is automatically submitted to Zurich where it is processed.

The new OnlineApply for Regular Savings removes the need for a ‘wet signature’ or the need for a digital signature provider such as Adobe or DocuSign – the client validation is completely wholly within the Zurich OnlineApply system. AML documentation can be supplied by clients simply using the camera on their phone to photograph the required documents and send to their Financial Broker or Advisor. 

Zurich’s new OnlineApply for Regular Savings is now live – for more information download our OnlineApply Flyer and Broker Guide or speak to your Zurich Broker Consultant.

*Voted number one for investment performance, Brokers Ireland Excellence Survey 2019.
Zurich Life Assurance plc is regulated by the Central Bank of Ireland.