Media centre Tesco Finance & Insurance

 Jeremy Sutton, Head of Health Insurance says “At the beginning of every year we all resolve to be healthier. This discount will encourage those to stick to their New Year resolutions. The offer will go along way towards helping people to meet their private healthcare needs, with early access to treatment from an experienced specialist, in privacy and comfort, at a time that’s convenient.”

When it launched one year ago Tesco Health Insurance aimed to open up the market to new customers who had previously not considered health insurance or felt it was an expensive luxury.  88% of customers could save** with Tesco Health Insurance, and its cover - combining value and simplicity, and with no medical questions if you are under 75 - is simple and straightforward to buy.

40 year old male living in London would pay***

40 year old male living in West Yorkshire would pay***

Family of 4 living in North Yorkshire would pay****

Family of 4 living in London would pay****

For more information or to apply visit www.tescofinance.com

*Based on a 40 year old non-smoking male living in London with £100 excess

** Based on independent telephone research conducted by Consumer Intelligence between 1^st and 30^th November 2007.

***Quote based on non-smoker with £100 excess

****Quote based on non-smoking couple- husband (40 yrs old) wife (38 yrs old) with 2 children under 12 years old. Monthly premiums with £100 excess

For further information, please contact:

Matthew Dransfield
Tesco Personal Finance
Tel: 0131 523 9001

Nicola McGowan
Tesco Personal Finance
Tel: 0131 523 9001

Alex Godwin-Brown
Haggie Hepburn
Tel: 0207 334 7777

About Tesco Health Insurance

Tesco Health Insurance is underwritten by AXA PPP healthcare

No claims discount - Tesco Health Insurance is there for peace of mind but, if customers don’t make a claim, they are rewarded with a no claims discount.  The maximum no claims discount after four claim-free years is 55%. At this point customers may be eligible to purchase an NCD protector. At this point customers can purchase an NCD protector. Otherwise, if a customer does claim, they will go back three steps on the eight point NCD scale.

The market - In 2006, there were 3.6 million policies (covering 6.4 million people) in the UK health insurance market.  The split of policies is approximately two to one company-purchased/consumer-purchased cover. The market in 2006 was worth £3.3 billion in annual premium income with £1.6 billion of income from individual subscribers. [Source – Laing & Buisson Health and Care Cover 2007]

About AXA PPP healthcare

AXA PPP healthcare has been helping people access private healthcare since 1940. Today it forms the UK healthcare arm of AXA – a world leader in financial protection and provides healthcare cover for individuals and employers, funding for dental care, as well as health information, occupational health and employee assistance services.  

About Tesco Personal Finance Group

Tesco Personal Finance, the financial services arm of the UK's number one supermarket chain, was launched in July 1997 and offers a combination of Internet, supermarket and telephone banking. Tesco Personal Finance has over 5 million customer accounts. It provides a range of 26 value for money financial products and services covering general insurance, lending and savings & investments.

TPF Compare Limited has been set up as a new subsidiary of Tesco Personal Finance Group operating independently.

Tesco Personal Finance Group is a joint venture between The Royal Bank of Scotland plc and Tesco PLC. Tesco Personal Finance Group is registered in Scotland No 173199. Registered Office: 24 St Andrew Square, Edinburgh EH2 1AF.  Authorised and regulated by the Financial Services Authority.