New Lloyds TSB home insurance product launched for over 50s

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New Lloyds TSB home insurance product launched for over 50s

Financial services provider Lloyds TSB has launched a new "pick and mix" home insurance product targeted at people aged 50 and above.

Through the product, the bank will enable consumers to tailor their own cover from a range of available options.

Entitled the Lloyds TSB Insurance Personal Home Plan, it is designed for financially savvy individuals who do not wish to pay for cover they do not need.

"Personal Home Plan fundamentally changes the way the over 50s can buy insurance, enabling us to offer more tailored premiums and treat customers as individuals," stated Alasdair Lenman, sales director at Lloyds TSB Insurance.

The plan includes cover for fire, theft, flood and subsidence as standard but allows consumers to choose from 21 other options to suit their lifestyle.

One of the largest banking groups in the UK, Lloyds TSB is headquartered in London.
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