About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, November 14th, 9:33AM
Latest Headlines

Partners increases medical policy price

Partners Life has increased the price of its medical product.

Tuesday, September 13th 2016, 6:00AM

by Susan Edmunds

Naomi Ballantyne

Managing director Naomi Ballantyne said the product's price had not moved for 18 months before that.

The insurer increased underlying rates by 8%.

Ballantyne said that was less than medical inflation over that period.

It also added an additional per policy fee of $4.50 for policies with one or more medical benefit attached. 

"This one off additional fee is removed if all medical benefits are removed. It applies only once per policy irrespective of the number of lives who have medical benefits meaning in terms of policies with multiple lives it results in a much smaller total increase than would be the case if we had just increased the underlying premium rates by a larger percentage amount," she said.

"The result is that Partners Life remains very competitive for policies with medical benefits attached – especially given competitor pricing movements since May 2016."

Tags: Partners Life

« Kiwi company attracts $200 million global investmentAccuro Health Insurance streamlines claiming process »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend
Insurance Briefs

Suncorp invests in wellbeing
Suncorp New Zealand has now invested a total of $20 million into wellbeing bonds as part of its focus on identifying sustainable investment opportunities that can deliver positive community outcomes.

AIA adds mental health support
AIA is boosting Vitality members’ donations to the Mental Health Foundation.

Major milestone for Cigna
Cigna, which acquired OnePath Life last year, is on the verge of reaching "a huge milestone".

Fidelity Life gets tick
Fidelity Life has been awarded the Accessibility Tick.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News


Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com