Sainsbury's Bank Life Insurance discount offered

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Sainsbury's Bank Life Insurance discount offered

Customers who purchase a Sainsbury's Bank Life Insurance policy before March 26th 2006 will be given a five per cent discount.

This price reduction will apply for the duration of the policy purchased.

The bank claims that it offers one of the cheapest life insurance premiums on the market and was voted the most competitive term assurance provider of 2005 by Moneyfacts.

Research from the financial website suggests that, for the profile of a healthy 35-year-old woman, Sainsbury's offers the lowest monthly premium of £5, followed by Standard Life at £6, Scottish Widows at £6.55 and Abbey at £6.61.

The bank claims that the introduction of this new discount makes its life insurance premiums "even more competitive".

Its statement also stresses that the cost of Sainsbury's Bank Life Insurance is dependent upon the level of cover selected, the length for which that cover applies and individual circumstances.

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