UK-based financial services group Barclays has signed arrangements with Aviva and Legal & General to provide life and general insurance products for its UK Retail customers, as well as to new and existing customers.
Aviva will provide life assurance and personal accident products on a non-advised basis, under which 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, which 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.
Barclays managing director of Insurance and Investments Paul McNamara said this agreement brings market capabilities to support Barclays aim of better meeting customers’ needs across channels, whether online, over the phone or through extensive branch network.
Barclays offers a range of insurance products including home, motor, life, student possessions, travel insurance, health insurance, business, identity and income insurance, offered as stand alone products and in some cases as a value added service with a current account.