Sainsbury's Bank highlights insurance protection gap

Money News

www.moneynews.co.uk > Insurance > Sainsbury's Bank highlights insurance protection gap

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Sainsbury's Bank highlights insurance protection gap

Sainsbury's Bank has drawn attention to the insurance protection gap in the UK, which it claims has reached £2.3 trillion.

Claire Moyles, a spokesperson from Sainsbury's Bank, explained that there is a lack regarding insurance cover in Britain, saying: "There's a massive amount of underprotection."

She suggested that insurance cover is not "top of everybody's agenda" and added that "part of the reason the gap exists is because people are taking out a mortgage without any life insurance".

According to the Association of British Insurers' most recent figures, one in three Britons do not have any life insurance.

Additionally, it reveals that a further one-third may be underinsured due to not renewing their life insurance cover.

People who are 18 or over and have a family are those who should be thinking most about securing protection for both their loved ones and mortgage, Ms Moyles added.

Related News : Insurance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : Sainsbury

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet