Income Cover provides a financial safety net should you be disabled as a result of sickness or injury, and unable to earn your regular income. The monthly benefit is designed to replace a significant portion of lost income to help maintain your usual lifestyle during treatment and recovery.
Partners Life: Income Protection
Partners Life's income cover pays a monthly benefit if the insured cannot earn their regular income due to sickness or injury, replacing a significant portion of lost income to help maintain their usual lifestyle, with $60.7 million in income cover claims paid in the 2024-25 year.
2011
Founded in NZ
A (Excellent)
Financial strength
International
Daido Life / Dai-ichi Life Holdings (Japan)
95%
Claims paid
FAP licensed IFSO member 4.8 (35 reviews)
Easy to understand, easy to decide.
Common questions about Partners Life income protection
Will my premiums go up each year?
It depends on what policy you select. Traditional stepped premiums do increase each year on your policy anniversary. Level premiums do not increase with your age for a specified period of time.
Am I locked into the cover for a certain period?
No. If you cancel your policy in the first 14 days your premiums will be refunded. After the 14 day free look period you are able to cancel your cover at any time.
How can I pay my premiums?
You can choose your method of payment you prefer e.g., Credit card, monthly Direct Debit or Cheque.
Do I have to pay on fortnightly basis?
No. You can choose your payment frequency i.e. weekly, fortnightly, monthly or on an annual basis.
Are medical tests required?
In most cases no medical tests are required. Each application is considered on an individual basis. If you are required to undergo any medical test they will be paid for by the insurance provider and at no cost to you.
Can I apply directly with the insurance providers for cheaper cost?
No. Most insurance providers prefer to work through intermediaries like us rather than dealing directly. We don’t mark up policies. In fact, we guarantee your premium is the same as going direct.
Other Partners Life products
Health Insurance
Partners Life's Private Medical Cover helps fund specialist consultations, diagnostic tests, and surgical procedures in the private system, reducing reliance on public hospital waiting lists, with a 98% claim payment rate and $83.4 million in claims paid in the 2024-25 year.
Health Insurance details →
Trauma Cover
Partners Life's trauma insurance pays a lump sum if the insured suffers a covered serious condition, providing funds to reduce debt, cover medical treatment costs, purchase specialist equipment, or support the household during recovery, with $78.8 million in trauma claims paid in the 2024-25 year.
Trauma Cover details →
Life Insurance
Partners Life's life cover pays a lump sum on death, usable at the family's discretion to repay debt, cover final expenses, provide an income fund for dependants, or restructure business ownership, with $94.3 million in life cover claims paid in the 2024-25 year.
Life Insurance details →
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