Review of Tesco Life Life Insurance

Tesco Life Insurance was awarded the Best Direct Life Insurance Provider by Your Money Awards in 2014. Defaqto rated Tesco life Insurance products as 5 Star.

Tesco Life offers life insurance and an Over 50 Life insurance option. They also offer Critical Illness cover. Premium amount begins at £5 a month.

*Disclaimer* Tesco Life may no longer be available to new applicants.

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Pros
  • Joint policies available
  • New Parent policy for newborns free of charge
Cons

Insurance Options: Our Honest Breakdown

Tesco Life Insurance offers two options. Life Insurance and Over 50 Life Insurance. They also offer a Critical Illness Cover. Premiums begin at £5 and will remain fixed for the life of the policy even if your health changes.

About Tesco Life

Tesco life insurance is available to UK residents 18 to 85 years of age. Tesco Life can be purchased as a level or decreasing term cover. Joint policies are available, but once the policy pays out for one partner it will end.

Tesco Life with Critical Illness Cover

Tesco Bank Life offers a Life policy with Critical Illness Cover. This policy will pay out if the insured dies or if you are diagnosed with a critical illness.

Over 50 Lifetime

Tesco Life Over-50s life insurance is available to UK residents aged 50 to 80. It does not require a medical or health questions.

Premiums are paid for either a maximum of 30 years or until the insured’s 90th birthday.

Conclusion: Tesco Life Life Insurance

Tesco Bank has premium payment options. You can pay a monthly premium or find a cover amount that suits you through a sum you would choose to pay out.

Child Tesco life insurance is automatic for new parents. This gives them £10,000 of life cover for a newborn up until the child’s first birthday.

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