Sainsbury's Bank has announced that the new customers taking out life insurance through the bank by January 29, 2008 will receive 5,000 Nectar points, worth GBP25.

Life insurance through Sainsbury’s Bank starts from GBP5 a month. The cost of cover depends on the level and period of cover selected in addition to your individual circumstances. A medical assessment may be required. The acceptance of application for insurance is subject to individual circumstances.

Claire Moyles, Sainsbury’s life insurance manager, said: Life insurance can help provide great peace of mind in the knowledge that your dependants could receive a cash lump sum if you were to die during the policy term. Quality cover does not have to be expensive.

Life insurance is one of the most important financial products you can buy so it is important that you invest time to find the right cover for you at the right price.