Life Insurance - There's a new player in town - 20/08/2008

Barclays Bank have agreed a deal with Norwich Union to sell life insurance products online it has been announced today.

This new arrangement will mean that Barclays will offer level and decreasing term insurance products to the general public within the next few weeks.

The popular insurance broker already provide motor and home insurance in conjunction with Barclays and are looking to add another notch to their belt.

"The Norwich Union partnership enables us to expand our protection offering to include life insurance - a product which is essential to many customers," said Gary Duggan, Barclays managing director for consumer lending and insurance.'

Their have been dissenting voices however, with the trend of purchasing insurance covers online becoming increasingly popular, Richard Klipin, Association of Financial Advisers chief executive, commented; "The role of websites helps with the education, but it doesn't mean [the customer will] do anything with it, the catalyst comes with the adviser. Particularly in the complex areas, there is the paper trail, there is underwriting and they need to know your medical history."

Bookmark with:
  print Print Preview   email E-mail to a friend
 
Comments
Not comments have been posted yet.
 
Do you have something to say? (maximum comment length of 250 characters)

Post your comment
 
 
 
Related News
  16/04/2009 - Fraudsters stage fake funerals to get life money. Life insurance firms in the US are now dealing with a new type of...
09/04/2009 - Life insurers to get US Govt aid. Life insurance firms in the US will soon benefit from the government’s $700 billion...
06/04/2009 - New parents need to consider life insurance. For new parents there are a multitude of new challenges that need to be...
 
Related Guides
  Life insurance guide. Most life policies have optional extras, which include the following. A waiver of premium...
Life Insurance. What is Life Assurance/Insurance? What types of life assurance are there? What is critical illness...
 
Related Articles
  Life insurance more essential than ever. As a new parent finances can become strained, particularly in an economic downturn. Many...
Life insurance: don't wait until it's too late. For obvious reasons many people feel uncomfortable discussing or thinking about life insurance. But...
Indian insurer offers women a lifeline. An Indian life insurer has introduced a new scheme, which will see around 1...

Life Insurance News
16/04/2009 - Fraudsters stage fake funerals to get life money. Life insurance firms in the US are now dealing...
Read More
09/04/2009 - Life insurers to get US Govt aid. Life insurance firms in the US will soon benefit...
Read More
09/04/2009 - Life insurers could face hefty bill. Pensioners may receive bad news this month, if they...
Read More
08/04/2009 - Pension savers warned about pension tax bill. Pension savers have been warned that they could end...
Read More
More News >>