Partners Life Insurance Review
Partners Life Insurance is another new kid on the block and since it was established in 2011 it has built a reputation for its innovative approach to providing worthwhile life insurance cover for Kiwis.
It is now one of New Zealand’s leading life insurance providers and its products include life, income, and disability insurance.
- Founded: 2011
- Policyholders: unknown
- A. M. Best: A-
Partners Life
Partners Life Insurance is committed to providing best-in-class insurance cover with competitive premiums.
Where other insurance companies constantly seek new customers, Partners Life Insurance seeks to build a truly valuable supportive relationship with its existing customers.
A claims payout philosophy of ‘if it’s grey, we will pay’ is just a natural extension of the Partners Life’s commitment to its policy holders.
Partners Life Product Portfolio
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%
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