Marks & Spencer Money has begun offering a 5% discount on its life insurance products for customers who apply online.

The offer will be valid from October 15, 2007 until December 31, 2007. Customers taking out a policy before the end of the year will also receive GBP25 Marks & Spencer (M&S) gift vouchers to spend at M&S.

Brendan Cook, chief executive of M&S Money, said: M&S life insurance already represents great value for our customers with both level and decreasing term cover available from GBP5 per month, so we are pleased to be able to pass on an additional 5% saving to customers who chose to apply online.