Partners Life Insurance Review 2026
Partners Life has established itself as a leading New Zealand insurer, recently being named Life Insurance Company of the Year at the 2025 ANZIIF New Zealand Insurance Industry Awards and winning the 2025 FSC Excellence in Wellbeing & Inclusion Award. This recognition follows a year of significant impact, where the company paid out $325 million in claims and maintained consistently high acceptance rates, with 95% of assessed claims paid in 2025.
- Founded: 2011
- Policyholders: unknown
- A. M. Best: A-
Where Partners Life stands out
Partners Life excels in flexibility, offering highly modular Income Protection and Health Insurance options that allow you to tailor coverage to your specific budget and risk profile. This customization ensures you only pay for the protection you need. Additionally, their Loyalty Premium Discount rewards long-term commitment, providing incremental savings on your premiums the longer you stay with them.
Where Partners Life falls short
The usual product portfolio, Partners Life Insurance offers are:
In addition to the usual Life insurance policy benefits, the insurer provides some great options including:
- Life Insurance
- Stepped (with an option for a maximum 5% increase) or level premiums to 65 or 80 years of age
- Worldwide cover—this is a standard inclusion for all Partners Life policies
- Premium holidays
- Special events increases
Solvency
Actual solvency capital: $397M
Solvency margin: $106.3M
Solvency ratio:137%
Partners Life Credit Rating
Partners Life’s financial strength rating of A (Excellent) from A.M. Best, effective 15 December 2022.
As of 30 September 2022, Partners Life’s Actual Solvency Capital was $425.6m, which represented a margin of $86.1m over the Minimum Solvency Capital requirement. This was made up of the following:
Actual solvency capital: $425.6M
Solvency margin: $86.1M
Solvency ratio: 125%