Fidelity Life Platinum Plus Review NZ
Platinum Plus is Fidelity Life's flagship personal insurance suite in New Zealand, sold as separate Life cover, Trauma cover and other wordings you combine rather than one fixed bundle. Life cover has no set maximum, subject to Fidelity Life's individual assessment, entry runs from 16 to 64 as a standalone cover or to 69 on an accelerated basis, and the policy pays a $25,000 bereavement advance plus an early terminal illness benefit ahead of the full claim.
Key facts
- Life cover maximum
- No maximum, subject to individual assessment (source, retrieved 8 September 2026)
- Trauma cover maximum
- $2,000,000 (source, retrieved 8 September 2026)
- Terminal illness booster maximum
- $500,000 (source, retrieved 8 September 2026)
- Entry age
- 16 to 64 (standalone) or 16 to 69 (accelerated) (source, retrieved 8 September 2026)
- Cover term
- To age 70 (standalone) or for life (accelerated) (source, retrieved 8 September 2026)
- Bereavement benefit
- An immediate advance of $25,000 on death, or the full sum insured if it is less than $25,000 (source, retrieved 8 September 2026)
- Repatriation benefit
- Reimburses the lesser of the direct repatriation cost, 10% of the Life cover sum insured, or $20,000; paid in addition to the death benefit (source, retrieved 8 September 2026)
- Terminal illness partial benefit
- An early payment of the lesser of 30% of the sum insured or $250,000, for a defined list of advanced conditions including motor neurone disease and stage 4 lung, liver, stomach or distal oesophageal cancer (source, retrieved 8 September 2026)
- Premiums
- Fortnightly, monthly, quarterly, half-yearly or yearly; fixed for one year at a time and normally increasing annually with age (source, retrieved 8 September 2026)
What it costs
| Age | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| 25 | $25.56 | $40.82 | $69.41 |
| 30 | $22.06 | $34.51 | $57.84 |
| 35 | $21.67 | $33.81 | $56.57 |
| 40 | $25.95 | $41.50 | $70.67 |
| 45 | $36.23 | $60.02 | $104.62 |
| 50 | $57.34 | $98.02 | $174.28 |
| 55 | $97.58 | $170.44 | $307.06 |
| 60 | $179.51 | $317.91 | $577.42 |
| 65 | $354.97 | $633.75 | $1,156.47 |
Life cover has no set maximum while Trauma cover and the Terminal Illness Booster carry published ceilings, and the table below sets out Fidelity Life's published maximum sums insured (Fidelity Life underwriting guide, retrieved 8 September 2026).
| Cover | Maximum sum insured |
|---|---|
| Life cover | No maximum (subject to individual assessment) (source, retrieved 8 September 2026) |
| Terminal illness booster | $500,000 (source, retrieved 8 September 2026) |
| Trauma cover | $2,000,000 (source, retrieved 8 September 2026) |
Life cover pays three early or additional benefits alongside the death benefit, and the table below sets out what each pays (Platinum Plus Life cover wording, retrieved 8 September 2026).
| Benefit | What it pays |
|---|---|
| Bereavement benefit | Immediate advance of $25,000 (or the full sum insured if lower) on death (source, retrieved 8 September 2026) |
| Repatriation benefit | Lesser of direct costs, 10% of the sum insured, or $20,000, on top of the death benefit (source, retrieved 8 September 2026) |
| Terminal illness partial benefit | Lesser of 30% of the sum insured or $250,000, for a defined list of advanced conditions (source, retrieved 8 September 2026) |
Entry ages
| Cover | Entry ages |
|---|---|
| Life cover, standalone | 16 to 64 (source, retrieved 8 September 2026) |
| Life cover, accelerated | 16 to 69 (source, retrieved 8 September 2026) |
Waiting periods
| Cover | Waiting period |
|---|---|
| Life cover | Not applicable (source, retrieved 8 September 2026) |
Exclusions
- A full exclusion list for Platinum Plus Life and Trauma cover is set out in the individual cover wordings, not summarised in one public document; ask an adviser for the current wording. (source, retrieved 8 September 2026)
Questions about Fidelity Life Platinum Plus
Is Fidelity a real life insurance company?
Yes. Fidelity Life is a licensed New Zealand life insurer, and Platinum Plus is its flagship personal insurance suite, sold through advisers with published Life cover, Trauma cover and other wordings (Fidelity Life adviser documents, retrieved 8 September 2026).
What is the maximum Fidelity Life Platinum Plus Life cover?
There is no set maximum for Life cover; the amount you can insure is subject to Fidelity Life's individual assessment of your income, debts and circumstances (Fidelity Life underwriting guide, retrieved 8 September 2026).
What is the maximum Trauma cover under Platinum Plus?
$2,000,000, as published in Fidelity Life's underwriting guide (retrieved 8 September 2026).
What is the entry age for Fidelity Life Platinum Plus?
16 to 64 for the standalone option, running to age 70, or 16 to 69 for the accelerated option, which runs for life (LifeDirect Platinum Plus factsheet, retrieved 8 September 2026).
What is the Bereavement benefit on Platinum Plus Life cover?
An immediate advance payment of $25,000 when an insured person dies, or the full sum insured if it is less than $25,000, which reduces the remaining Life cover payable (Platinum Plus Life cover wording, retrieved 8 September 2026).
Does Platinum Plus pay for repatriation?
Yes. It reimburses the lesser of the direct repatriation cost, 10% of the Life cover sum insured, or $20,000, and this is paid in addition to the death benefit and Bereavement benefit (Platinum Plus Life cover wording, retrieved 8 September 2026).
Can Platinum Plus pay out before death for a terminal diagnosis?
Yes, two ways. The full Terminal illness benefit pays an advance of the sum insured on a terminal diagnosis, and a Terminal illness partial benefit pays the lesser of 30% of the sum insured or $250,000 early, for a specific list of advanced conditions such as motor neurone disease or stage 4 lung cancer (Platinum Plus Life cover wording, retrieved 8 September 2026).
How are Fidelity Life Platinum Plus premiums structured?
You can pay fortnightly, monthly, quarterly, half-yearly or yearly. Premiums are fixed for one year at a time and normally increase annually in line with age (LifeDirect Platinum Plus factsheet, retrieved 8 September 2026).
Is Platinum Plus one policy or several combined?
Several. Fidelity Life publishes Platinum Plus as separate cover wordings, such as Life cover and Trauma cover, that an adviser combines to build your policy rather than one fixed bundle (Fidelity Life adviser documents, retrieved 8 September 2026).
What is the Terminal Illness Booster on Fidelity Life Platinum Plus?
An additional benefit capped at $500,000, published in Fidelity Life's underwriting guide as a separate maximum sum insured to Life cover and Trauma cover (Fidelity Life underwriting guide, retrieved 8 September 2026).
Adviser's view
QuoteHub's read on Platinum Plus is that its value sits in the detail, not the headline: the no-maximum Life cover and the $25,000 bereavement advance matter less to most buyers than the accelerated entry age of 69, which lets an older applicant in years after the standalone cutoff at 64 closes the door.
Documents
- Platinum Plus Life cover wording, retrieved 8 September 2026
- Platinum Plus Trauma cover wording, retrieved 8 September 2026
- Fidelity Life quick reference underwriting guide, retrieved 8 September 2026
- Platinum Plus factsheet, LifeDirect, retrieved 8 September 2026
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Financial advice is provided by Craig Smith Business Services Limited, trading as Smiths Insurance & KiwiSaver, a licensed Financial Advice Provider (FSP712931). QuoteHub is a trading name.
Cite this page QuoteHub NZ (2026). Fidelity Life Platinum Plus Review NZ: Benefits and Limits. www.quotehub.co.nz/life-insurance/fidelity-life/platinum-plus. Updated 2026-09-08.
Explore related pages: Life Insurance, Income Protection, Health Insurance, Trauma Insurance, Referral.