Media centre Tesco Finance & Insurance

The offer is valid for the first year of both Tesco Life Insurance and Tesco Mortgage Life Insurance policies bought online or over the telephone.

After paying their third monthly premium, new customers will receive a cheque for 25% of their first year’s premium, equivalent to three months’ free cover:

Based on a healthy, non-smoking female, 30 next birthday. Based on £100,000 sum assured over 20 year term.

Jeremy Sutton, head of Tesco Life Insurance, says, “We are committed to giving our customers great value life insurance and wanted to offer them something back on a type of product which they would usually only receive a benefit from in the most tragic circumstances.”

To apply, visit: www.tesco.com or call 0845 300 62 27

For further information, please contact:

Monica McCormack
Media Relations Manager
Tesco Personal Finance
Tel: 0131 523 5533/07802 319 266

Alex Godwin-Brown
Haggie Hepburn
Tel: 0207 334 7777

* Discount paid by cheque within 30 days of third monthly premium being paid.

* Tesco Life Insurance is provided by Direct Line Life Insurance Company Limited.

*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 now has over 5 million customer accounts and provides a range of low cost, value for money financial services. It is a joint venture between The Royal Bank of Scotland Group plc and Tesco PLC. Tesco Personal Finance Limited. Registered in Scotland No 173199 Registered Office 24 St Andrew Square Edinburgh.