UK-based financial services group Barclays has launched a new life insurance product to provide customers with affordable and reliable cover.

Customers applying for life insurance from Barclays will receive a 15% discount on their premiums and GBP15 worth Marks and Spencer vouchers. Additionally, anybody who obtains a quote for life insurance from the Barclays website throughout September 2008 will be entered into a draw to win GBP2,000 a month for a year or one lump sum amount of GBP24,000.

Provided by Norwich Union, Barclays life insurance is available at the website where customers can reprotedly obtain a quote in under two minutes and complete a full application in 15 minutes. Barclays is offering both level and decreasing term insurance up to a maximum level of cover of GBP500,000 depending on age and personal circumstances with premiums from GBP5.

Gary Duggan, managing director for consumer lending and insurance for Barclays, said: Life insurance can be really valuable but many people are put off by the thought of it being expensive or complicated. We have taken those barriers away and made it really easy to get you and your family covered by offering a competitive and reliable product that is simple to understand and easy to buy.