Premium Holiday & Policy Suspension

Partners Life, at its sole discretion, may allow you to stop paying the premium payable under your policy by approving a Premium Holiday or Policy Suspension if the life assured undergoes any of the following events:

Claim cause

Premium Holiday 

Policy Suspension 

Requirements: Claim form +

Redundancy

Yes

Yes

Letter from employer

Bankruptcy

Yes

Yes

Client details + company name

Carer for child, spouse / partner 

Yes

Yes

Letter from GP

Death of spouse / child 

Yes

Yes

Certified copy of death certificate

Leave without pay 

No

Yes

Letter from employer

Overseas travel 

No

Yes

Itinerary

Parental Leave   

No

Yes

Letter from employer

Tertiary Education 

No

Yes

Acceptance letter from institution

Period of holiday / suspension

6 Months

12 Months

Do I have cover under my policy during the holiday / suspension?

Yes

No

Please note:

-  Premium cannot be suspended / stopped if the policy is in arrears.

-  Premium Holiday may be backdated in certain circumstances.

-  Premium Suspension cannot be backdated.