Aviva has secured a
five-year deal with Tesco Bank to provide life protection products
for its UK retail customers.
The agreement, which
will begin later this year, will cover the sale of Aviva’s core
protection products, including life insurance and critical illness
cover.
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These products include:
simplified life insurance, over 50s life insurance and life
insurance with critical illness cover. This expands Tesco’s
existing relationship with Aviva which already provides a private
medical insurance scheme for Tesco’s employees.
The products will be available online via Tesco Bank or by
telephone. Customers will also be able to obtain information
through some of Tesco’s 2,900 stores.
Family protection
coverage
David Barral, Aviva’s
CEO for UK and Ireland Life, described the deal as an opportunity
to benefit for millions of people across the UK who do not have
family protection coverage in place.
Barral said: “We know
too well the challenges families face when they lose a loved one or
experience a critical illness, but having financial protection in
place can provide some comfort and stability at a difficult
time.
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By GlobalDataJulie Hopes, managing
director for insurance at Tesco Bank, said: “Partnering with one of
the UK’s leading life protection providers will bring benefits to
our customers offering them a range of straightforward and good
value products that we believe will give customers the reassurance
they look for in life products.”
