Insurance which could provide a lump sum if you die, or depending on the policy you take out, if you’re diagnosed with a specified critical illness
Cashback offer
Getting a little back
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What you can get
If you're a 1|2|3, 1|2|3 Lite or Select Current Account customer, you can get other benefits. While you can't open these accounts anymore, you can still earn cashback.
Life insurance from Aviva, the UK's largest insurer
99.3% of Aviva life insurance claims were paid out in 2023 (source: Aviva)
Choose single or joint policies
Life insurance
- Life insurance provides life cover and terminal illness cover.
- It pays out if you die during the policy term. It also pays out if you are diagnosed with a terminal illness that meets the definition. For more information, please read the policy conditions in the important documents section.
- The policy can cover you (single policy) or two people (joint policy). It will only pay out once. When a claim has been paid, the policy will end.
Critical illness
- Critical illness cover can give you and your loved ones peace of mind if you become critically ill.
- It aims to pay you a one-off lump sum if you're diagnosed with a critical illness that's covered.
- To find out what illnesses are covered, see the critical illness plan policy summary and policy conditions in the important documents section on this page.
- The policy can cover you (single policy) or two people (joint policy). It will only pay out once. When a claim has been paid, the policy will end.
- Watch the video below to find out more about critical illness cover.
Combined life and critical illness insurance
Combined policies are available with a branch adviser. Taking out a combined insurance policy means it will only pay out once in the event of either a critical illness or death. You will pay one monthly premium for this policy.
If you want to speak to someone, but don’t need advice, call us on 0800 028 3744
To book an appointment with a branch adviser please use our online appointment booker
Decreasing, level and increasing cover explained
Decreasing cover runs for a fixed time. The cover amount reduces each month for as long as the policy lasts. It’s commonly used to help make sure the lifestyle of dependants is protected for a set period of time, for example, until a child is expected to reach independence. The monthly payments, known as premiums, will stay the same.
Level cover runs for a fixed time. The cover amount and premium stay the same for the life of the policy. This is commonly used to provide for dependants. You can choose to protect your cover amount from the effects of inflation. If you do this, the cover amount will increase each year to adapt to the cost of living. Monthly payments also increase over time. Each year, you can choose not to accept the increase. If you do this, your cover amount and premiums will stay the same.
Things to consider
- Before you apply, make sure you're aware of the eligibility conditions, which can be found in the policy summary.
- Your cover will finish when a claim for the main benefit is paid, at the end of your policy's term, or if you stop paying premiums or cancel the policy. You won’t get the money back that you’ve paid.
- A full list of critical illnesses that are covered can be found in the critical illness plan policy summary and policy conditions in the important documents section.
- To make a claim for critical illness, you'll need to meet the policy definition. This might mean that you’ll need to have permanent symptoms, an illness of a specified severity or require surgery.
Existing customers in financial difficulty
If you have a Santander life insurance policy underwritten by Aviva and you’re experiencing short-term financial difficulty, you may be able to get help with your monthly payments. Please get in touch with Aviva on 0800 141 3430. Lines are open 8am-6pm, Monday to Friday.
To view these documents, you may need to download Adobe Reader
Key documents
- Life Insurance Plan Policy Summary
- Life Insurance Plan Policy Conditions
- Critical Illness Plan Policy Summary
- Critical Illness Plan Policy Conditions
- £100/£150 cashback terms and conditions live from 10/01/2022 and offer withdrawn on 30/11/2022 (PDF - 582 KB)
- £125 cashback terms and conditions live from 9th January 2023 and offer withdrawn on 30/6/2023 (PDF - 949 KB)
- £100/£150 cashback terms and conditions live from 1st August 2023 (PDF - 251 KB)
- Edge/Edge Up current account £5,000 Prize draw 01/07/2024 to 31/10/2024 (PDF - 65 KB)
Using a trust could prove tax-efficient
You can put your life insurance policy in trust. Doing this will:
- allow the proceeds to be paid to the intended beneficiaries
- minimise delays that might cause financial difficulties
- make sure the proceeds do not form part of the estate for inheritance tax purposes.
If you're unsure on whether you should put your policy in trust you should seek specialist legal advice. Tax rules may change in the future.
See our forms below for more information
Aviva Guide to Protection Trust
Aviva Discretionary Gift Trust Form
The Financial Conduct Authority and the Prudential Regulatory Authority do not regulate taxation and trust advice.
Life insurance and critical illness insurance have no cash-in value at any time, and exclusions and limitations will apply. For full details of the Life Insurance Plan and Critical Illness Plan, please read the policy summary and the policy conditions document on these pages. Please make sure you read all the information provided before getting a quote.