Partners Life announces premium increase
Partners Life will implement a 20% annual premium increase for existing Private Medical Cover clients with policy anniversaries on or after July 22, 2025.
New clients will face a smaller 2% premium increase from the same date for Private Medical Cover, including the Specialists and Tests Option. The announcement comes just two months after Partners Life's previous premium increase in April 2025.
Partners Life cited rising healthcare costs as the driver behind the increase, stating the adjustment "fairly reflects the market we're operating in." The insurer noted that it is planning to review prices “regularly throughout the year.”
The announcement affects all Private Medical Cover policies, at Partners Life has provided FAQs to help insurance advisers navigate client conversations about the pricing changes.
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