The segments of the population who said they felt more need for insurance as a consequence of COVID-19 were more likely to be male (27%); younger people of 24 to 35 (35%); people of Asian ethnicity (40%); and people in the NZ$75,000 ($53,100) to NZ$100,000 income bracket (35%).
These compared with a figure of 24% for overall respondents who said so, according to life insurance consumer research by Partner Life.

A hard core of stalwart insurance rejecters remains who do not see any value in insuring their lives, health and income, despite the COVID-19 pandemic.

The Partners Life October 2020 independent survey run by Kantar polled 900 Kiwi consumers aged 18 to 54, and overall, 74% of respondents said their feelings around insurance haven’t been impacted by COVID – a figure which rose to 84% among the rejecter group, and dropped to 54% among those considering life insurance in the next 12 months.


 


 


 

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