Comparing Insurance Costs

NZLife compare all similar insurance products to those offered for a range of ages regularly and the results are presented below.

Cost Comparisons – Life Insurance – October 2014

The cost of monthly premiums for Life Insurance of $200,000 from a variety of sources follows.

Male
Non smoker
Non smoker
Non smoker
Insurer
Age 25
Age 35
Age 45
Our NZLife. Price
19.98
17.57
29.38
AiA
29.53
21.65
33.90
AMP
34.04
33.16
42.99
Asteron
22.11
19.95
35.91
OnePath
22.80
20.98
34.76
Partners Life
21.63
22.95
35.95
Fidelity Life
22.96
19.60
32.18

 

Female
Non smoker
Non smoker
Non smoker
Insurer
Age 25
Age 35
Age 45
Our NZLife. Price
14.09
14.83
24.99
AiA
22.53
18.33
28.73
AMP
28.77
30.53
37.55
Asteron
14.96
15.96
29.43
OnePath
15.42
17.92
29.62
Partners Life
18.84
20.35
32.17
Fidelity Life
15.23
16.58
28.00

See Notes below.

Cost Comparisons – Critical Illness Insurance – October 2014

The cost of monthly premiums for Critical Illness Insurance accelerated of $200,000 from a variety of sources follows.

Male
Non smoker
Non smoker
Non smoker
Insurer
Age 25
Age 35
Age 45
Our NZLife. Price
18.54
25.03
68.95
AiA
21.53
31.40
83.32
AMP
24.01
32.89
92.81
Asteron
19.45
29.09
81.13
OnePath
20.75
30.36
79.38
Partners Life
19.50
27.69
76.83
Fidelity Life
18.93
33.38
94.35

 

Female
Non smoker
Non smoker
Non smoker
Insurer
Age 25
Age 35
Age 45
Our NZLife. Price
17.52
25.66
57.94
AiA
18.31
30.99
71.44
AMP
20.98
34.91
78.69
Asteron
17.12
28.43
67.33
OnePath
19.69
29.62
68.61
Partners Life
17.23
27.63
65.98
Fidelity Life
14.12
34.66
83.12

See Notes below.

Cost of TPD Insurance – October 2014

The cost of monthly premiums for TPD Insurance accelerated any occupation of $200,000 from a variety of sources follows.

Male
Non smoker
Non smoker
Non smoker
Insurer
Age 25
Age 35
Age 45
Our NZLife. Price
4.21
3.74
10.44
AiA
5.03
5.03
15.90
AMP
4.64
6.05
17.55
Asteron
5.15
5.49
14.13
OnePath
5.63
5.46
15.70
Partners Life
4.97
4.88
13.65
Fidelity Life
5.58
6.57
20.36

 

Female
Non smoker
Non smoker
Non smoker
Insurer
Age 25
Age 35
Age 45
Our NZLife. Price
3.87
4.65
15.31
AiA
5.43
5.84
17.31
AMP
4.64
6.05
18.36
Asteron
4.99
5.99
16.96
OnePath
6.47
6.61
20.05
Partners Life
4.97
5.85
18.33
Fidelity Life
3.28
7.55
20.03

See Notes below.

Cost of Income Protection Insurance – October 2014

The cost of monthly premiums for Income Protection Insurance for indemnity value for a general clerical occupation for $2,000/month with an 8 week wait and 5 year claim period including waiver of premium whilst on claim from a variety of sources follows.

Male
Non smoker
Non smoker
Non smoker
Insurer
Age 25
Age 35
Age 45
Our NZLife. Price
17.31
18.72
32.29
AiA
19.15
22.92
41.25
AMP
31.25
35.23
61.57
Asteron
22.70
25.54
42.30
OnePath
17.06
22.75
44.35
Partners Life
15.65
20.90
40.13
Fidelity Life
16.17
20.97
43.11

 

Female
Non smoker
Non smoker
Non smoker
Insurer
Age 25
Age 35
Age 45
Our NZLife. Price
21.92
29.91
51.65
AiA
25.22
35.45
66.18
AMP
39.79
48.08
85.80
Asteron
32.24
38.81
66.84
OnePath
24.28
36.99
71.04
Partners Life
21.06
33.89
70.08
Fidelity Life
24.01
32.32
60.47

* = 5 year claim period

As at October 2014.

Notes:

  • Monthly premiums include policy fees in Life cover only and waiver of premium with income protection where applicable.
  • The conditions covered and definitions may vary with insurers.
  • The minimum premium for NZLife policies is $15.mth. Other suppliers have minimums ranging from $12.50 to $20.00. We suggest you increase or add other benefits to get best value.
  • Smokers rates are approximately double the above costs. Check on the calculator.
  • The rates quoted are for the first years premiums based on a standard life risk. Actual rates may vary depending on the assessed risk, and increase in future years, depending on the type of policy purchased, (rate for age or level term - see notes below) and the supplier.
  • Other sites may offer what may appear to be major discounts, but they are still more expensive than NZLife! If you find a lower price please tell us.

For October 2013 comparisons - click here.
For December 2011 comparisons - click here.
For March 2010 comparisons - click here.
For December 2009 comparisons - click here.
For June 2008 comparisons - click here.
For May 2007 comparisons - click here.
For September 2006 comparisons - click here.
For March 2006 comparisons - click here.

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