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Barclays rolls out new life coverage

Barclays has announced the launch of its new life insurance product to provide customers with affordable and reliable cover.

Barclays said that customers applying for life insurance from Barclays will receive a 15% discount on their premiums and GBP15 of Marks & Spencer vouchers. Additionally, anybody who obtains a quote for life insurance from the Barclays website throughout September 2008 will be entered into a draw to win GBP2000 a month for a year or one lump sum of GBP24,000, said Barclays.

Provided by Norwich Union, Barclays new life insurance is available on the Barclays website. Barclays is offering both level and decreasing term insurance up to a maximum level of cover of GBP500,000 depending on age and personal circumstances with premiums from as little as GBP5.

Gary Duggan, managing director for consumer lending and insurance for Barclays, said: Life insurance can be really valuable but many people are put off by the thought of it being expensive or complicated. We’ve taken those barriers away and made it really easy to get you and your family covered by offering a competitive and reliable product that is simple to understand and easy to buy.