Media centre Tesco Finance & Insurance

The policy will allow customers to leave loved ones a guaranteed tax-free cash lump sum. Customers who buy before 26^th June will receive a free £20 gift card.

Customers are guaranteed to be accepted and no medical is required for customers who are between the ages of 50 and 75. There are no complicated forms to fill in, customers can apply easily online or over the phone. Customers stop paying when they reach 90, but their cover will continue until death.

Here are some examples of life cover available with the policy: 

 "Increasingly, people are living longer than in previous generations," says Jeremy Sutton, head of Tesco Life Insurance. "Customers have been telling us that they want a product that meets their needs for leaving something for their loved ones. We're confident that our prices are the best value cover in the market."

Nicola McGowan
Tesco Personal Finance
Tel: 0131 523 5533

Lisa Loveday
Haggie Hepburn
020 7334 7777

•        Guaranteed acceptance if you are aged 50-75 and a UK resident
•        Leave your loved ones a guaranteed cash lump sum, guaranteed when you die (once you have paid into the policy for 2 years or upon accidental death during the first 2 years).
•        Please be aware that depending on how long you live, the total amount of premiums you pay may be greater than the cash sum paid in the event of your death It is wise to review your cover from time to time as inflation may affect what your guaranteed cash lump sum will be worth in the future.
•        If you are unsure that the plan is right for you, you should contact an Independent Financial Adviser. Premiums start from just £10 per month
•        The policy has no cash-in value; if you cancel your policy or stop paying premiums, you won't get any premiums back and will no longer be covered.
•        There's a free £20 Tesco Gift Card when you purchase a plan
•        Your premium will never go up and your cover will never go down - regardless of the state of your health

Tesco Personal Finance Limited is a joint venture between The Royal Bank of Scotland plc and Tesco PLC. Tesco Personal Finance Limited. Registered in Scotland No. 173199. Registered Office: 24 St Andrew Square, Edinburgh, EH2 1AF.

Tesco Personal Finance Compare Limited is a part of the Tesco Personal Finance Group, a joint venture between The Royal Bank of Scotland plc and Tesco PLC. Tesco Personal Finance Compare Limited. Registered in Scotland No.SC318925. Registered Office: 24 St Andrew Square, Edinburgh EH2 1AF.

Authorised and regulated by the Financial Services Authority.