Barclays has today signed arrangements with Aviva and Legal & General to provide innovative industry-leading life and general insurance products for its UK Retail customers. These new arrangements will deliver improved choice and accessibility, as well as competitively priced products to new and existing customers.
Aviva will provide life assurance and personal accident products on a non-advised basis. Barclays customers will be able to choose life assurance, over 50s life assurance and personal accident insurance through the bank’s branch network, online or over the telephone. This complements Aviva’s existing general insurance agreements with Barclays.
Legal & General will provide family and mortgage life assurance and critical illness protection cover on an advised basis, building on the successful mortgage protection distribution arrangement that Legal & General has had with Barclays since 2001.
Paul McNamara, Managing Director, Insurance and Investments at Barclays said: “We look forward to building on our already successful relationships with Aviva and Legal & General to provide our customers with a comprehensive range of competitive and easily accessible insurance, which they can tailor to their needs. This agreement brings market leading capabilities to support Barclays aim of better meeting our customers’ needs across our channels, whether online, over the phone or through our extensive branch network.”
Ant Middle, UK Director of Strategic Partnerships, Aviva, said: “As a UK leader in the Bancassurance sector with a breadth of life and general insurance products, we have proven capabilities and expertise in helping people protect themselves and their loved ones. In growing our relationship with Barclays, we will provide a simple way for its customers to buy life and personal accident insurance in way that suits their individual needs.”
Commenting on the partnership, Chris Last, Managing Director, Legal & General Bank & Building Society Distribution said: “I am delighted to be expanding our relationship with Barclays and continuing to provide our excellent value for money products and client service to its customers. Barclays is a key strategic partner for us, and we have worked together for many years. So it is a great pleasure to build on our strong relationship with Barclays by providing family, as well as mortgage protection products to its retail customers on an advised basis”.