Partners Life enhancements

They will be automatically added to existing clients’ policies.

Most significant improvements are to:

• Private Medical Cover – cover for specialist consultations and tests following surgery or hospitalisation for cancer will no longer be limited to six months following discharge and will continue to be covered until the cancer is cured or in remission;
• Trauma Cover – the 90-day stand-down on several partial payment conditions has been removed;
• Mortgage Repayment Cover and Household Expenses Cover – these are designed to protect mortgage or rent payments and other household expenses and pay a monthly benefit on disability.  Last year Partners Life added a new “TPD Booster” option to Income Cover.  The TPD Booster Benefit, if selected, boosts a client’s monthly benefit by one third if they are Totally and Permanently Disabled.  All personal monthly disability benefits will now include this TPD Booster optional benefit.  TPD means unable to do their own occupation.
• Income Cover – a benefit called Fixed Payment Term Reset Benefit has been added. 
• Severe Trauma Cover – is designed to pay benefits only for significant trauma conditions, those likely to have a very big financial impact.  Paying benefits only for severe trauma conditions allows the premium to be significantly lower than that for traditional trauma covers.  Lower premium in turn allows the very big sums insured needed to adequately protect against severe trauma conditions.  Clients can typically get up to four times as much Severe Trauma Cover compared with Trauma Cover for the same premium.