tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Saturday, December 2nd, 6:40PM

Insurance

rss
Latest Headlines

Partners Life unbundles trauma cover

Partners Life has unbundled its total and permanent disability cover from its trauma cover, allowing customers to chose whether or not they want it, as part of its efforts to reduce the cost of its policies to make them more affordable.

Tuesday, October 17th 2023, 3:22PM

by Jenny Ruth

In an email to advisers, Partners Life says: “We're customising our trauma cover so that clients don't have to pay for every feature if they don't really need it.”

The company says this is the third and final phase of a number of pricing changes it has made this year “so that advisers like you can give clients more choice to help meet their needs and budget.”

It says introducing flexibility, including to its monthly disability cover options, shows advisers “loud and clear” that it's been listening to advisers' feedback.

Chatswood Consulting director Russell Hutchinson welcomed the changes.

“It's a beneficial development, especially from one of our larger, more innovative providers,” Hutchinson says.

“Broadly speaking, what they've done is introduce this level of product flexibility, which gives the customer the ability to pick and choose the cover they want,” he says.

While other insurance companies do offer similar flexibility, “it's not universal.”

Chatswood will have the changes loaded into its Quotemonster comparison tool by early Wednesday.

Partners Life began making these changes in July when it cut a number of prices and had promised to introduce greater flexibility by this month.

“We aim to keep our product offering sustainable while addressing affordability concerns,” the company says.

Tags: Partners Life

« Insurance can help parents facing mental health concernsAccuro policyholders to vote on merger with UniMed »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

AIA Vitality numbers
AIA says its Vitality programme now 50,000 members and they have recorded material health improvements, demonstrating the gains that can be made when we take charge of our wellbeing.

Chubb Life scholarship winner
International student Lyla Dang has capitalised on her university “twinning” programme by winning the 2023 Chubb Life Victoria University Actuarial Scholarship.

Asteron Life Claims team acknowledged
Asteron Life's claims team were awarded a highly commended in the team of the year category at the Financial Services Council (FSC) Awards this week.

Life Direct goes into bat for NZ Cricket
Direct to consumer life insurance platform, Life Direct, signs a deal with NZ Cricket.

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  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x