View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Distribution channels
April 12, 2011updated 13 Apr 2017 8:49am

L&G and Sainsbury’s extend distribution relationship

A distribution partnership dating back to 2004 between UK life insurer Legal & General (L&G) and Sainsburys Finance, the financial services arm of retailer Sainsburys, has been extended for an unspecified period

By LII editorial

A distribution partnership dating back to 2004 between UK life insurer Legal & General (L&G) and Sainsbury’s Finance, the financial services arm of retailer Sainsbury’s, has been extended for an unspecified period.

The agreement represents bancassurance with a difference, with distribution of L&G’s products undertaken through 800 stores in the Sainsbury’s supermarket chain, Sainsbury’s Finance’s website and direct mail.

Products offered by L&G include basic life insurance, life insurance combined with critical illness cover and life insurance plans for consumers over 50 years of age.

A 50:50 joint venture between Sainsbury’s and Lloyds Banking Group, Sainsbury’s Finance was launched in 1997. It was the first bank established by a UK supermarket group.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Life Insurance International