In this Partners Life private health insurance review, we’ll look at plans exclusively offered through Policywise.
Partners Life began as a New Zealand start-up company around a decade ago. In that short time, it’s grown to become one of New Zealand’s most trusted health, life, and business insurance providers. Partners Life pays out around 89% of claims each year.
Partners Life received the ANZIIF Life Insurance Company of the Year award for 2022, recognising a strong dedication to clients and an ongoing pursuit of better solutions. Since its inception, the company has also consistently achieved the Lewers Research five-star approval rating (Lewers Survey), indicating Partners Life’s total dedication to customer service.
Partners Life believes that there’s no one-size-fits-all insurance product. The company encourages Kiwis to work with licenced financial advisers who can help them choose and tailor insurance cover to fit their own needs.
Partners Life offers a range of insurance products including:
Partners Life believes that there’s no one-size-fits-all insurance product. The company encourages Kiwis to work with licenced financial advisers who can help them choose and tailor insurance cover to fit their own needs.
Kiwis who take out Partners Life Private Medical Cover receive faster treatment at private health facilities, without having to worry about the costs. And those costs can be significant. For example, knee or hip replacements: up to $30,000; a spinal fusion: potentially, $80,000 - daunting figures to say the least.
Private medical insurance also offers broader treatment options, such as access to non-Pharmac-funded drugs and unlimited access to specialists for second opinions.
Partners Life Private Medical Cover highlights:
* Up to the hospital surgical or medical benefit Limit, whichever applies *** Up to the hospital medical benefit limit
Partners Life Private Medical Cover also provides a range of additional benefits, including:
You can boost your Private Medical Cover with the Specialist and Tests option for consultations and diagnostic procedures not covered in the life assured’s plan. Consultations with obstetricians, registered osteopaths, acupuncturists, chiropractors, homeopaths, naturopaths, and podiatrists are all included if referred by a GP.
Partners Life will also pay for treatment recommended by these specialists, up to $10,000 per policy year.
Partners Life Medical Cover is truly comprehensive, but if you’re still not sure this is the best policy for you, then arrange a chat with a friendly Policywise expert.
Specific Condition Cover and Hospital Cash Cover are stand-alone plans, but you can also add them to your Partners Life Private Medical Cover for even greater benefits.
Partners Life pays a lump sum benefit if the life assured suffers a specific illness or injury. Examples of these events include:
In addition to the lump sum benefit, Partners Life will also pay you the following:
Use Specific Condition Cover to make up for lost income, pay for home modifications, or whatever else is necessary - it’s entirely up to you.
Hospital Cash Cover pays a lump sum benefit to help cover the additional expenses - such as loss of income, accommodation and transport costs - that come with significant illness. Cover applies in New Zealand and Australia as well as worldwide (with limitations).
Medical conditions covered by Hospital Cash Cover include:
Hospital Cash Cover will also pay a cash benefit for admission to a private or public hospital or hospice lasting more than three consecutive nights.
As with all insurance plans, the Partners Life policy document specifies terms and conditions not listed here. An approved insurance/financial adviser (such as Policywise) can clarify these.
Partners Life offers other types of limited cover that may suit you if you feel you can’t afford a more comprehensive policy. Policywise can talk you through these options, but you may find that good cover is manageable after all.
We’ve summarised some of these slightly more restricted covers below.
Members and/or their families can use the lump sum benefit to pay debts, mortgages, or funeral expenses. It can also be used to finance your children’s education, build an investment kitty, start a business, or contribute towards an inheritance fund.
You can even pair these products to ensure that all your monthly financial obligations get paid on time.
You can also take advantage of a range of trauma covers. These insurance products pay you a lump sum if you are diagnosed with or suffer from any of the serious health conditions covered in your policy.
Use the fund to cover medical costs related to your treatment and recovery, such as home modifications to accommodate your condition, equipment like wheelchairs, and other expenses.
Examples of conditions covered include:
This cover pays a lump sum if you’re permanently unable to work following a severe illness or injury. You can use the Total and Permanent Disability fund to cover your living expenses, debts, medical costs, and other bills.
Partners Life is proud of its excellent connection with members. The company strengthens this association by offering benefits that stand out from the crowd, including:
The above is just a brief summary. Additional terms and conditions may apply.
You can wade through all the fine print in the Partners Life policy documents, or simply check in with one of the experts at Policywise and we’ll help you choose the right product for your situation.
We highly recommend applying for pre-approval from Partners Life before incurring costs for medical procedures. This confirms that the expense or treatment is covered by your policy. Obtaining pre-approval may not be possible in an emergency, however, you can still file reimbursement claims for costs you’ve already paid for.
Below are the requirements for pre-approvals or claims:
Wait times for essential and elective surgery are increasing each year. These delays can lead to much poorer health outcomes as well as increased stress and frustration. Health insurance can also pay for expensive treatments that are not publicly funded in New Zealand.
How much can you expect to pay privately for some common treatments in New Zealand?
Good health is priceless. Partners Life Medical Insurance can help you:
Policywise is a 100% free service which tells you which health, life, and disability insurance provider best fits your needs. We provide quotes and a comprehensive comparison of all leading providers - such as Partners Life - as well as a simple, one-page summary clearly stating how our findings dovetail with your situation.
Not all health insurance policies are the same. Policywise can help you sort out the duds, avoid the lemons, understand the fine print and exclusions, and get the best insurance for you and your family.
We’ll answer all your questions, provide fast, easy-to-understand policy comparisons and quotes, and take care of the sign-up process. We can also take care of lodging any claims on your behalf.
Now is the time to think about investing in private health insurance cover that will give you or someone you love the most outstanding support and treatment possible in the event of illness. How about having a 5-minute phone conversation with us? Together, we can find the ultimate path towards securing your financial and physical health.