Partners Life

Adviser-only Private Medical Cover, sold as one module of the Journey Plan alongside life, trauma and income cover. Owned by Dai-ichi Life.

Partners Life at a glance

Key facts about Partners Life
Fact	What the register holds
Licensed entity	Partners Life Limited
Owner	Dai-ichi Life Holdings (acquired 2022)
What they write	Private medical
How you can buy	Through an adviser
Financial strength	A (Excellent) (A.M. Best) (source, read 14 Aug 2026)
Rating as at	5 Feb 2026
On the QuoteHub panel	Yes, we can place cover with them
Complaints	Financial Dispute Resolution Service, free for consumers

What Partners Life writes

Partners Life products and what each one pays
Cover	What it pays
Private medical	Private treatment costs, up to the limits the plan publishes.

What it costs

Partners Life is not priced in this snapshot of the QuoteHub Premium Index, which covers life, trauma and TPD cover only.

How Partners Life compares on financial strength

Financial strength is the one comparable published fact about an insurer. Every grade below is the insurer's own disclosure for the named licensed entity, linked and dated. A rating belongs to that entity, not to a brand or a product name.

Financial strength ratings for the New Zealand insurers QuoteHub compares
Insurer	Licensed entity	Financial strength	Rating as at
AIA New Zealand	AIA New Zealand Limited	AA (Fitch, source, read 14 Aug 2026)	Date not published
nib nz	nib nz limited	A (Standard & Poor's, source, read 14 Aug 2026)	Date not published
Partners Life	Partners Life Limited	A (Excellent) (A.M. Best, source, read 14 Aug 2026)	5 Feb 2026
Southern Cross Health Society	Southern Cross Medical Care Society	A+ (Strong) (Standard & Poor's, source, read 14 Aug 2026)	Date not published

What Partners Life publishes

The wording is the contract. These are Partners Life's own documents, each with the date we read it.

Partners Life published documents
Document	Status
Life Cover overview, Partners Life Journey Plan	Effective PLJP_OVERVIEW_LIFE COVER_V03_1025 (read 2026-09-08)
Trauma Cover overview, Partners Life Journey Plan	Effective PLJP_OVERVIEW_TRAUMA_V02_1025 (read 2026-09-08)
Private Medical Cover overview, Partners Life Journey Plan	Effective PLJP_OVERVIEW_PRIVATE MEDICAL COVER_V01_1025 (read 2026-09-08)
This is Partners Life 2025, key claims stats	Effective 1 April 2024 – 31 March 2025 (read 2026-09-08)

Questions about Partners Life

Who is Partners Life?

Adviser-only Private Medical Cover, sold as one module of the Journey Plan alongside life, trauma and income cover. Owned by Dai-ichi Life. The licensed entity behind the policies is Partners Life Limited.

Who owns Partners Life?

Dai-ichi Life Holdings (acquired 2022). Ownership matters because it decides who carries the risk behind a claim, not how a claim is assessed.

Is Partners Life financially strong?

Partners Life Limited holds a A (Excellent) rating from A.M. Best, read from the insurer's own disclosure on 14 Aug 2026. A rating is an independent view of the ability to pay claims. It says nothing about what a policy covers or what it costs.

Can I buy Partners Life cover without an adviser?

Both routes exist. You can go direct, or use a licensed adviser who can put Partners Life next to the other insurers on the same set of details.

What does Partners Life cover?

Private medical. What each of those pays, and what it excludes, is set by the policy wording rather than by the marketing page, which is why the documents are listed on this page with the date we read them.

Where can I read Partners Life's policy wording?

We link 4 of Partners Life's own documents on this page, each with the date it was read. The wording is the contract; a brochure is not.

Is Partners Life the cheapest?

No insurer is cheapest for everyone. Price depends on your age, your health and an underwriting decision that has not happened yet, so a comparison that leads with price compares the wrong thing. The published limits and definitions are what can be compared, and they are on this page.

How does Partners Life compare with the other insurers?

The financial strength table on this page puts every insurer we compare side by side, with the agency, the grade and the date. The benefit limits sit on the comparison page, and a licensed adviser can run your own details across the panel.

Does QuoteHub work with Partners Life?

Yes. Partners Life is on the QuoteHub panel, so a licensed adviser can quote them, compare them against the rest of the panel and arrange the cover. The full panel is published on the disclosure page rather than implied.

What should I check before applying to Partners Life?

The stand-down period, the exclusions that apply to your own history, whether the premium is stepped or level, and what happens at renewal. All four are in the wording and none of them is in a price.

Does Partners Life cover pre-existing conditions?

Not automatically. An existing condition is either excluded, loaded or accepted on its own terms, and that decision is made at underwriting on your own history. What matters is what you disclose, because non-disclosure is the most common reason a claim is declined.

Are Partners Life premiums stepped or level?

Both structures exist in the New Zealand market. Stepped rises with your age each year and costs less at the start; level holds a rate to a chosen age and costs more early and less later. Which is cheaper over the life of the policy depends on how long you keep it, not on the insurer.

Can I move to Partners Life from another insurer?

Yes, but moving means new underwriting, so anything that has happened to your health since you took the old policy is assessed again. Never cancel the old cover until the new policy is issued and you have read what it excludes.

Does Partners Life pay claims quickly?

Claims-paid percentages and payment times are published by some New Zealand insurers and not by others, on different bases, which is why we publish the figure only where the insurer publishes it with a period. Where we hold one it appears on the review page for that insurer.

Is Partners Life regulated in New Zealand?

Yes. A licensed insurer is regulated by the Reserve Bank of New Zealand, and the advice about a policy is regulated separately by the Financial Markets Authority. Those are two different licences and both matter.

What happens to my Partners Life policy if the company is sold?

A policy is a contract with the licensed entity, so it continues on its terms if ownership changes. New Zealand has seen several life books change hands, and the practical effect for existing policyholders is usually the servicing brand rather than the cover.

How much does Partners Life cover cost?

We do not publish a price for an insurer on this page. A premium depends on age, health, smoking status, occupation, the cover amount and an underwriting decision, so a single figure would be wrong for almost everyone reading it.

Where can I get advice about Partners Life?

A licensed financial adviser can compare it against the rest of the panel on your own details and tell you where it suits you and where it does not. QuoteHub is a trading name of a licensed Financial Advice Provider and the review is free.

How do I make a complaint about Partners Life?

Raise it with the insurer first. If it is not resolved you can take it to the insurer's dispute resolution scheme at no cost. QuoteHub's own scheme is the Financial Dispute Resolution Service.