Partners Life has announced the purchase of BNZ Life. Naomi Ballantyne revealed the news in a video update sent out on Thursday 17 December. In the video, Ballantyne highlighted that although BNZ is leaving the life insurance market, they wish that all policyholders are well looked after. As a result, BNZ has entered into a 10-year referral agreement with Partners Life, ensuring customer needs are met and brand reputation is maintained. Ballantyne mentioned in the video that BNZ policies will be fully integrated into Partners Life meaning similar treatment of BNZ Life customers and Partners Life customers. It has been announced that BNZ Life customers will not be locked into legacy products or legacy systems. Ballantyne has said that this acquisition will ensure that there is competitive pressure in the life insurance market. Click here to watch the full video

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