New Zealanders willing to pay for life protection despite pressure on budgets

By Sarah Si | 21 May 2026

As of 31 March 2026, there are 4m life insurance covers across New Zealand, against an estimated population of 5.35m. At the same time, annual life insurance premiums reached NZ$3.31bn ($1.93bn), up 2.7% y-o-y, even as cover numbers continue to fall.

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New Zealanders willing to pay for life protection despite pressure on budgets

Archived articles are available to Magazine subscribers only.

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