Partners Life announces premium increase
Partners Life will implement a 20% annual premium increase for existing Private Medical Cover clients with policy anniversaries on or after July 22, 2025.
Wednesday, June 18th 2025, 8:48AM 
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Partners Life will implement a 20% annual premium increase for existing Private Medical Cover clients with policy anniversaries on or after July 22, 2025.
New clients will face a smaller 2% premium increase from the same date for Private Medical Cover, including the Specialists and Tests Option. The announcement comes just two months after Partners Life's previous premium increase in April 2025.
Partners Life cited rising healthcare costs as the driver behind the increase, stating the adjustment "fairly reflects the market we're operating in." The insurer noted that it is planning to review prices “regularly throughout the year.”
The announcement affects all Private Medical Cover policies, at Partners Life has provided FAQs to help insurance advisers navigate client conversations about the pricing changes.
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Meaning the premiums for renewal from 22 July are 2% more at 20% as are new business premiums.
Those that renew next year between the 18 and 20% rate change announcements will pick up this 2% and any further premium increases Partners Life announces between now and then.
In a similar vein nib clients are receiving a 22% increase up to 1 July, and from 1 July legacy policy will cop an additional 11.6% taking it to 33.6%. Those legacy policies that have renewed before 1 July 2025 will then pick up this new 11.6% plus any further rate increases nib announces...
The 12-month rolling nature of policy renewals with lumpy changes in premiums means that policyholders' mileage on their renewals will vary...