[UPDATED] Partners Life changes to shake the market

Amongst the moves Partners has increased premiums and made changes to claim times and conditions on some policies, particularly for self-employed people.


Partners Life managing director Naomi Ballantyne says the company hasn't increased medical premiums for 16 months and needed to so they accurately reflect industry wide claims experience.


While many policies see no increase, life cover and life income cover is up 1.05%, private medical cover (and specialists and tests option) are up 12.5% trauma, income cover, mortgage repayment cover, household expenses cover and premium cover are up 12%.

Ballantyne doesn't expect the pricing changes to impact on its in-force book, but concedes new sales maybe effected, especially by advisers who sell on price.