Partners Life is to increase its medical cover premiums citing continued cost pressures across New Zealand’s healthcare sector.
The company said the move is aimed at ensuring the “long-term sustainability” of its medical cover, which includes the specialists and tests option. The last premium adjustment occurred in July.
From 22 October 2025, premiums will rise:
- 2.2% for new business
- 23% for existing customers at policy anniversary dates on or after that date
The company pointed to inflation and broader market conditions as key drivers, adding that maintaining access to benefits such as non-Pharmac cover and guaranteed policy wordings requires regular price reviews.
The company emphasised its “commitment to supporting advisers and their clients” despite acknowledging the challenges the industry is facing.
“We’ll be reviewing our pricing regularly and we intend to apply smaller adjustments more frequently. This allows us to provide more accurate pricing that reflects the changing market we’re operating in,” states the firm.
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