Compare insurance and gift offers from top insurance companies 2019
How Is OneFamily's gift offer different?
OneFamily offers M&S gift cards worth £30 or 3 months cash back. Actually, £30 is not enough to buy something valuable for your dear one. Our offer of £100 is certainly more, just for getting a life insurance quote. If you feel the M&S gift amount is underwhelming, you can request for 3 months cash back on your premiums. This is the only cash back option which comes directly from the insurer.
Your welcome gift will usually reach you within 28 days of your first premium payment. You have to first start making payments and then there's no guarantee whether you'll actually get the gift.
You'll be eligible for 3 months' cash back only after you've paid the premiums for 6 months continuously.
The company has the right to receive the cost of the gift card or more before sending it.
If you chose cash back and died after 6 months, they'll pay it to your estate if they haven't yet done so already.
OneFamily Life Insurance makes you committed to the policy before issuing. And it's actually your own money that you're getting as a gift. It's not free.
Churchill free gifts with Life Insurance?
Churchill Life Insurance, another insurer, places time and other restrictions on people who win their Amazon life insurance gift card. This £100 Amazon gift card offers flexibility to purchase anything practically anything online. However, you shouldn't have cancelled your policy and paid at least 3 consecutive months' premium. You have 3 months to redeem your gift amount. Also, the offer is valid only for a limited number of policies, as is expected of insurers.
- An email or letter will follow within 30 days of the purchase of your policy.
- This mail will confirm how you can redeem your gift card.
- The gift card will expire 90 days after the "How to redeem" communication is sent. If you don't buy anything in these 3 months, it will lead to a lapse of the card.
- Only 1 gift card per policy and 2 per household (within a 12 month period). So, if you took multiple policies for yourself or other family members, this benefit won't apply beyond the limit
- You can't redeem the gift card for cash.
What is SunLife offering?
Perhaps one of the most generous insurers in the UK, SunLife is offering new customers £100 on buying a policy from them. You can redeem their Love2Shop voucher at high-street brands like M&S and Argos. You have a wide choice from electronics to toys and food. For this, you need to have paid a premium for a minimum of 3 months. You'll become eligible for the free gift plan only after 4 months (as the first month is free for every policyholder). You're eligible for the offer irrespective of how you apply- by telephone, post or online but the voucher amount differs. They may ask you for identification proof before fulfilling any gift.
- To have a chance at the gift card, you need to pay for 3 months first and then wait for one month more.
- If you apply on their website or call them up, you can get £100. They assume you're hands-on with technology, which may not be the case. Some people hesitate to fill online forms while others may not have the time to phone up and hold the line.
- An off-putting thing for senior UK citizens is that they'll get only a £75 gift card if they apply by post. Maybe it's more trouble for them to process requests by post?
- SunLife life insurance offers no cash alternative to their gift cards.
What is Zurich's life insurance free gift offer?
Currently, Zurich is offering up to £100 Love2Shop vouchers. Note that this offer is applicable only for policies bought on the company's website. Zurich life insurance offers flexibility in buying as Love2Shop gift cards are accepted at over 150 UK brands, some of them being Virgin, Thomas Cook and Debenhams. So, the customers have a lot of choices. Also, did you read the 'up to' £100? You might have just skipped that important word, but it totally alters the meaning. The voucher you get depends on how much premium you pay. So, if you pay more, you'll get a more expensive gift. They calculate the amount of your voucher based on your six months' premium rounded to the nearest £5, the maximum value of which shouldn't exceed £100. Let's assume you paid £57.50 over 6 months. Therefore, you would be entitled to £55 as a gift.
In huge contrast, we offer a fixed sum of £100 as a gift for applying for our life quotes. Read below to know why getting hold of a Zurich gift card is a lengthy proces.
- You're not entitled to any gift card/vouchers until you pay your 6th month's premium.
- If you cancelled your policy or missed your payment before 6 months were complete, you can't claim your free gift card from Zurich.
- If you took out a policy in the last year and cancelled, the offer doesn't apply to you.
- As the offer is valid only for life cover bought online, you need to have an email. Love2Shop vouchers will be emailed to this address.
- The offer excludes Zurich life insurance bought through a third party, comparison/cashback site or over the telephone.
- After you buy their policy, you have to first register on Love2Shop within 28 days of the mail.
- Once registered, you'll usually get your Love2Shop voucher within 14 days. You're spending 45 days which takes all the fun out of receiving a gift.
- No cash alternative offered.
Is Legal and General doing something different?
Legal and General, one of the largest insurers in the UK, follows a hierarchy in its gift card offer. Unlike us, the monetary worth of your gift directly depends on how much you pay them every month. They're offering £75 Amazon.co.uk gift card or M&S e-gift card for Life Insurance with or without Critical Illness Cover policies taken before 30 November 2018. We, on the other hand, offer £100 to prospective life insurance customers. There's nothing hidden in what we do. Let's delve into the fine print and see how you may get misled.
Nearly all big insurers use this tiered approach in case of giving out life insurance with a free gift. Their terms and conditions are:
- Gifts are offered to those who apply directly with the insurer and not via any third party broker or website.
- You have to apply online or by telephone to be eligible for either an Amazon.co.uk gift card or M&S e-gift card.
- Eligibility for free gifts starts 6 months from the date of the policy. It's a long wait.
- Allow 30 days from the start of the policy for details on how to redeem your e-gift card.
- This offer is not available to customers who desire a cash back. You can either opt for the gift card or cash back, not both.
- Any previous cancellation of a L&G policy in the last 18 months can disqualify you from availing this free gift card offer.
- For a 12 month period, gifts limit is 1 per policy sold and 2 per household.
- You have 12 months to make purchases with your gift card.
- No cash alternative. The gift card can't be redeemed for cash.
Which vouchers is Direct Line giving out?
On buying their life insurance policy, Direct Line offers Amazon, B&Q and M&S gift cards of value £75 once you've paid into your policy for 3 months and not cancelled. You see, there's a lot of choice for new customers. A unique code will be sent by post. Using this unique code, you can shop from the store the card is for. If you buy something that exceeds the card value, you'll have to choose another payment method. You could call up the MLP rewards gift helpline quoting your policy number and postcode in case you don't have access to the Internet.
The eligibility T&C is much the same as other insurance companies. Let's state them one by one–
- Within 30 days of the start of the policy, you'll get an email from them with a confirmation of how to choose your e-gift.
- As long as you've paid the premium for your life cover, your voucher will become valid after a span of 3 months.
- You have 90 days to claim your gift after receipt of "how to claim" email or letter.
- Once you've chosen your e–gift, little can be done if you change your mind. So choose wisely.
- There's a unique code that will enable you to claim the gift money for shopping. They will send it to you via post.
- The validity of Amazon gift cards is for 10 years from the date of issue, while that of B&Q is 5 years and M&S 2 years.
- Like other insurers, you won't get cash against the value remaining on your card. This may happen if you don't use the full card amount at one go.
What is Beagle Street's offer with life insurance policy?
The reason for less popularity of Beagle Street life insurance is the absence of free gift vouchers or anything of great value in the eyes of prospective customers. When you take out their policy, they'll usually offer you a Will-writing service for free. You don't need to pay any premium for this benefit, a UK citizenship is all that is asked for. This promotion enables to get a Simple Will made. A Simple Will can help you leave your belongings to a maximum of six beneficiaries without the use of trusts or tax planning. If you have a Joint policy, you have the option of a Joint Mirror Will. It's the same as a Simple Will, only that the Will is in the joint names of the policyholders. However, if you wish to write a seemingly complicated Will, Beagle Street wouldn't bear the added cost. So, this perk may be of less use to you.
Key facts about this offer by Beagle Street:
- To avail of the offer, you must buy their life insurance policy.
- The offer is open only to UK residents.
- A single policy and joint policy make you eligible for a Simple Will and Joint Mirror Will respectively.
- Any additional costs that may be incurred for making a Will shall be borne by the policyholder.
- You'll be entrusted to 1 of their associate legal firms and all arrangements thereon will be between you and the firm. The insurer takes no part in your Will making process.
- The offer is non-transferable, i.e. the Will can be made only in the name of the policyholder(s). Each eligible customer shall get only one Free Will.
Is Shepherds Friendly really the right choice?
Shepherds Friendly is yet another insurer offering both a savings plan and over 50s life insurance with a free gift. When you open a savings plan with them, you'll get a Love2Shop voucher as soon as you've made your first premium payment. If you buy an over 50s life policy from them, you'll be eligible for the Love2Shop voucher once they've received your sixth premium. Did you notice that this free gift card is only given to customers and not prospects? You can redeem these cards at a wide range of retailers like Debenhams, John Lewis, and iTunes. If you have an over 50 plan, you'll receive a Love2Shop voucher worth £50 provided your premium is between £10 and £50.
- This offer is not valid on new Income Protection Insurance applications.
- Opening a plan via a cashback site will not qualify you for Love2Shop vouchers.
- A voucher code will be sent to you after the first premium if you have a savings plan. Cancelling before you've paid the first premium will not make you eligible for the promotion.
- A voucher code will be sent after the sixth premium for over 50s life policyholders. If you cancel your policy before six months are over, you won't get the benefit of this promotion.
- The insurance company will mail the voucher code to you.
- This mail will contain the code and instructions on how to use the gift card.
How much does Foresters Friendly Society give as a welcome gift?
Foresters Friendly Society Life Insurance too offers a welcome gift, but only to those who pay for a new over 50s life insurance with free gift. The gift value is not very high either, £35. There's not much room for choice as they only give M&S gift cards. So, if you were hoping to buy something from Amazon or B&Q, that possibly couldn't happen.
- The offer is available exclusively to new over 50s life cover policyholders.
- Once the insurer collects your premium for 3 months, the £35 M&S gift voucher will be posted to you.
- Customers who buy via the Adviser or Introducer channel can't avail this extra benefit.
- If you're supposed to get cashback on purchase of this policy from a cashback website, you won't be considered for the offer.
Does Aviva give free gifts to new customers?
Aviva life has been in the UK insurance market for long now. They provide life insurance in the UK as well as in many other countries around the globe. Just by paying £7 fixed premium every month, senior UK citizens can get over 50s life insurance with free gift. The special features of Aviva Life Insurance policy for seniors are: premiums will never rise, cover lasts for a lifetime, guaranteed acceptance, and no health checks. To new customers who are above 50 years, the insurer has an offer of 'over 50 plan with free gift'. It means you'll get a free gift in complement to life protection. If you want to know what the gift is, it's a Marks & Spencer voucher worth £50.
However, there are some conditions you must fulfil first.
- You'll receive an M&S voucher after you pay your 4th premium. You should have paid them for 4 months by then.
- The offer isn't available for policyholders who have applied through a price comparison website, cashback website or third party (financial advisor/broker).
- If you've taken out a policy directly with Aviva and cancelled it in the last 12 months, you won't be eligible for the offer.
- The £50 offer is limited to 1 voucher per person in a year providing the product has not been purchased with any other gifts or offers.
- There's no cash alternative.
What is the eligibility for Royal London insurance gift card offer?
Royal London Life Insurance also offers a welcome gift to people who trust the insurer to provide a cover for their life. Like other standard insurers, the Amazon gift card is worth just £50.
The following terms and conditions apply:
- Only Royal London life policies taken out through a discount site or telephone are eligible for this offer.
- Policies bought from a financial advisor are not eligible.
- To be a part of the offer, you should pay at least £5 monthly as premium.
- If you're not offered a policy by the insurer, it follows that the gift card offer doesn't apply.
- The gift card will be sent to those policyholders who have paid the first four premiums. If you were to cancel or die before four months are up, you won't qualify for the offer.
- No cash alternative will be offered to gift card recipients.
- The offer is limited to 1 per policy and 2 per household.
You see that all the above life insurance companies give free gifts and vouchers when you buy a life insurance policy. Additionally you get another voucher when you submit your details to get a life insurance quote on our website. Get an insurance quote