Life Insurance | Sainsbury's Bank

If you are applying for life insurance or a savings product, please send an e-mail to the following mailbox fulfilment@sainsburysbank.co.uk stating your Name, Colleague Number and Nectar Card Number (note the Nectar card number supplied must be the same as the one used on your application) to make sure you receive your Nectar points.

Available offer

Nectar members will get up to 32,000 Nectar points† as a thank you for taking out life insurance when its bought direct with us. The number of points awarded will depend on your monthly premium:

32,000 points (worth at least £160) if your monthly premium is over £30
22,000 points (worth at least £110) if your monthly premium is £20.01-£30.00,
16,000 points (worth at least £80) if your premium is £8.50-£20.00 or
10,000 points (worth at least £50) if your premium is under £8.50

You'll receive your points within 60 days after you've paid 5 months' of premiums. Only choose a premium you can afford and the level of cover you require.

PLUS, exclusively for colleagues

3,000 bonus Nectar points^

Additional benefits of Sainsbury's Bank Life Insurance

Choice – you choose the amount and length of cover
Flexibility – make changes to your policy if your circumstances change. T&C's apply
Joint cover option – for you and your partner
Lower premiums – for non-smokers
UK based call centres – with a designated member of L&G specialist team to manage your claim
Access to L&G Wellbeing Support Services

This is not a savings or investment product, and has no cash value unless a valid claim is made. If you stop paying premiums before the end of the plan, your cover will end 30 days after your missed payment.

Select from two types of cover

Life insurance – covers your life. The cash sum remains the same throughout the term of your policy
Decreasing life insurance – helps protect a repayment mortgage. The cash sum reduces roughly in line with the way a repayment mortgage decreases.

Critical Illness Cover

Plus for an additional premium you can add Critical Illness Cover when you take out your policy.

It's your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor. More information can be found in the Policy Summary [PDF 147KB] this is an important document which you should read before applying.

What is L&G Wellbeing Support Services?

It is a suite of telephone-based wellbeing support services provided by RedArc Assured Limited. It offers expert help and advice from qualified nurses to you the policy holder, your partner and any children living at home. Wellbeing support services are available to you from the day you take out your cover and for the duration of your policy. You don't need to make a claim to access these services.

L&G Wellbeing Support Services explained

There are lots of reasons why you might want access to wellbeing support; maybe you’d like a friendly chat following a medical diagnosis, or advice on navigating healthcare systems. We want to support you as much as possible. Here are just some of the ways L&G Wellbeing Support can help.

Dealing with a serious illness

If you’ve been diagnosed with a serious illness or require support for a disability, your nurse will be there to offer wellbeing support. That includes helping you understand a diagnosis, advice on managing life with an illness or disability or return to work coaching.

Bereavement support

We know how hard it is to lose a loved one, but you can count on the bereavement support to help you cope. Even if all you need is someone to listen, RedArc nurses will lend an ear.

Second medical opinion

For your own peace of mind following a diagnosis or course of treatment, RedArc can arrange face-to-face appointment with a UK-based specialist consultant.

Mental health support

If you’re having difficulties with your mental health and you’re not sure how to improve it, nurses can provide long-term support and guidance from a mental health nurse as well as counselling, therapy sessions and other forms of wellbeing support.

Carer support

Looking after a sick or elderly loved one is challenging for anyone, and if you’re in that situation, you’ve got to think about your own health and wellbeing too. RedArc can offer emotional and practical support for carers whose wellbeing can be improved.

Help at home

It’s one thing to be discharged from hospital, but the recovery phase can also be a challenging time. RedArc nurses provide health and wellbeing advice over the phone while you’re at home.

Eldercare

Keeping your loved ones safe is the most important thing in the world, and RedArc can provide advice on how to support an elderly relative, whether they’re living independently or at a residential home.

Loneliness and isolation

We can all experience loneliness at different times in our lives – whether we’ve lost a loved one, relocated from our usual home or been diagnosed with an illness. No one should have to face these challenges alone, but our Wellbeing Support provides a direct line to a supportive RedArc nurse.

Specialist counselling

No two people have exactly the same challenges, and L&G Wellbeing Support treats you as an individual. Specialist counselling caters for you and your needs.

Dietary and lifestyle guidance

If you’re seeking advice on healthy living – for example, if you’re at risk of a heart attack, stroke or diabetes – RedArc nurses can offer you the guidance you need.

L&G Wellbeing Support Services are available to customers purchasing a new life insurance policy via Sainsbury’s Bank on or after 25 August 2022.

Choose the cover to suit you

Cover starts from £5 a month. Your cover will depend on your individual needs and circumstances and the premium you choose to pay.

Summary of features

Your policy could pay out a cash sum if you die during the length of the policy
Your monthly payments will remain the same, unless you alter your policy
Additional Benefits including Terminal illness cover and Accidental Death Benefit
Please see the Policy Summary for full terms and conditions

This is not a savings or investment product, and has no cash value unless a claim is made.

Get a quote in minutes and you could get instant cover

Many of our applicants are accepted immediately. If we can’t provide you with cover straight away, we will still give you accidental death benefit for up to 90 days while your application is processed. Terms and conditions apply.

It's your responsibility to make sure the policy meets your needs. If you require financial advice please contact a financial advisor. You can find out more information on the types of policy available in the Policy Summary [PDF 147KB]. This document includes important information you should read before applying.

Here's what to do

Choose your type of cover
Decide the amount and length of cover you want
Get a quote online or over the phone

What you need to apply

Your bank or building society details
Your doctor’s name, address and phone number
Your partner must be present if you’re applying for joint cover
Before applying, you must read the Policy Summary [PDF 147KB] and privacy statement
If you’re replacing an existing policy, make sure your new application has been accepted before cancelling your existing cover

See the Policy Summary document online

You can download and print the document with Adobe Acrobat. Get Adobe Reader.

To read the Policy Summary document with a screen reader, visit the Access Adobe website. Alternatively, use Adobe’s online conversion tool for pdfs.

Policy Summary Document

Life Insurance and Decreasing Life Insurance (PDF 1040KB)

Please note: your document will open in a new browser window and may take some time to download depending on your internet connection.

Cover starts from £5 a month. Your cover will depend on your individual needs and circumstances and the premium you choose to pay. Full terms and conditions will be sent in the policy documents after application.

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Important information

It is your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor. The Policy Summary [PDF 147KB] is an important document, which you should read before applying.

Sainsbury’s Bank Life Insurance is provided by Legal & General Assurance Society Limited, Registered Office: One Coleman Street, London, EC2R 5AA (registered in England and Wales no. 166055). Legal & General Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Sainsbury’s Supermarkets Ltd is an appointed representative of Sainsbury’s Bank plc. Sainsbury’s Bank plc, Registered Office, 33 Charterhouse Street, London, EC1M 6HA (registered in England and Wales, no. 3279730) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514).

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For questions and quotes

Call 0800 013 7137 * | More phone options

Lines are open from 8.30am – 8pm, Monday to Friday and 9am – 1pm on Saturdays.

* We may record or monitor your call for security reasons, and to help us improve our customer service. Calls are charged at local rates from landlines and mobiles.

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Important Information

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Terms and conditions

^ Colleague offer. In addition to the current customer offer. Points issued four months after policy start date. Bonus Nectar points are available to all J Sainsbury colleagues, Sainsbury's Bank colleagues and J Sainsbury veterans. Colleagues may be asked for proof of their employment status at any time during the application process. Offer only available to new Life Insurance customers. If all conditions are met, points will be awarded 4 months after policy start date, as long as the policy is still in force and no premiums are outstanding. L&G reserve the right to cancel any policies should they suspect fraud or misconduct. Limited to 1 application per customer. This offer may be changed or withdrawn at any time without notice. No cash alternative available. You’ll need to tell us your Nectar card number when you apply. All online colleague applications must originate from sainsburysbank.co.uk/youchoose to make sure fulfilment of Nectar points.

† Up to 32,000 Nectar points

1) This offer is only available when you take out a new Life Insurance or Decreasing Life Insurance policy. Purchases through price comparison, cashback, voucher code and similar sites are excluded.
2) We award points based on your monthly premium. You'll get:
32,000 points (worth at least £160) if your monthly premium is over £30
22,000 points (worth at least £110) if your monthly premium is £20.01-£30.00,
16,000 points (worth at least £80) if your premium is £8.50-£20.00 or
10,000 points (worth at least £50) if your premium is under £8.50
3) We'll add the points to your Nectar account after you've paid 5 months premiums, within the following 60 days.
4) You need to tell us your Nectar number when you apply.
5) We'll award points on no more than 2 policies per household in any 12 month period.
6) Sainsbury's Supermarkets Ltd award the points from this offer. No cash alternative is available.
7) This offer is governed by English law and we reserve the right to change or cancel it without notice.

Legal & General Assurance Society Limited Registered in England and Wales No. 00166055. Registered office: One Coleman Street, London, EC2R 5AA. Legal & General Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority