Life insurance discount offered by Sainsbury’s

Sainsbury’s is offering new customers a discount of five per cent when they take out life insurance coverage. The offer lasts until March 24th, 2008.

According to Sainsbury’s, there are many benefits to holding a life insurance policy. The company’s manager of life insurance, Claire Moyles, said that the policy “can help provide great peace of mind”.

“Life insurance can help provide great peace of mind in the knowledge that your dependants could receive a cash lump sum if you were to die during the policy term,” she said.

"Life insurance is one of the most important financial products you can buy so it is important that you invest time to find the right cover for you at the right price," she added.

According to Moyles, Sainsbury’s itself offers “quality” insurance for reasonable prices. “Quality cover does not have to be expensive,” she said.

Her statement is backed up by research conducted by Moneyfacts which indicates that even without a discount, the products offered by Sainsbury’s are cheaper than similar policies provided by Virgin, Egg and Marks & Spencer.

Life insurance premiums with Sainsbury’s start from £5 a month and can be bought either through Sainsbury’s Bank or online.



Yasmin Purnell Editorial 



27/03/2008