Santander has announced the launch of a £125 cashback offer when new and existing customers purchase a life protection policy from 9 January 2023, to help provide their loved ones with financial security.(1)
The life insurance policies eligible for the cashback offer are: Santander Life Insurance Plan, Life & Critical Illness Plan, Critical Illness Plan, and the Over 50s Life Insurance Policy.(2)
Eligible customers will receive £75 cashback after six months from opening, providing the application was submitted during the promotional period and the policy premiums are up to date. An additional £50 cashback will be paid on the first anniversary of the policy start date, as long as the policy has not been cancelled. (3)
Details of Santander UK’s life protection policies are available online: Life Insurance | Compare Deals & Get A Quote (santander.co.uk)
- Ends –
The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
1) This is a limited offer which applies to new applications received from 9 January 2023 and can be withdrawn by Santander at any time without notice.
2) If a customer has previously held and cancelled a Santander life protection policy within the last 12 months, they will not be eligible for this offer.
- Cashback will be paid on one policy only.
- For a joint qualifying life protection policy, only one cashback will be paid to the first named policyholder. The cashback will only be paid once per customer.
3) £75 cashback will be paid within 60 days of the policy being opened for six months, providing:
a. An application has been completed and submitted during the promotional period which started on 9 January 2023
b. The policy has started
c. The policy has not been cancelled and the premium payments are up to date
An additional £50 cashback will be paid within 30 days of the first-year anniversary of the policy start date, providing the policy has not been cancelled and the premium payments are up to date