Aviva has agreed an exclusive five-year deal with Tesco Bank to provide life protection products for its UK retail customers.
The agreement, which will begin later this year, will cover the sale of Aviva’s core protection products, including life insurance and critical illness cover.
These products will be available online via Tesco Bank or over the telephone. Customers will also be able to obtain information through some of Tesco’s 2,900 stores.
Aviva already provides a private medical insurance scheme for Tesco’s employees.
“Partnering with one of the UK’s leading life protection providers will bring benefits to our customers offering them a range of straightforward and good value products that we believe will give customers the reassurance they look for in life products,” said Julie Hopes, managing director, insurance at Tesco Bank.
“This is a fantastic opportunity for two household names to deliver a real benefit for millions of people across the UK who have no family protection in place,’ added David Barral, CEO, Aviva, UK and Ireland Life. “Together we can provide Tesco’s customers with peace of mind, offering a quick and easy way to purchase a range of protection products to suit their individual needs.”