George the Travel Monkey: 8,400 Avios for £15 Life Insurance

Tesco Bank have a new Tesco Clubcard points offer for Aviva life insurance. If you have been in the Avios (or old Airmiles) game for a while then you know Tesco regularly offer large Clubcard bonuses for new life insurance policies. This time the offer is 3,500 Clubcard points. The points will be added after three monthly premiums have been paid. The minimum premium is £5 per month. So, the total cost, assuming you cancel after 3 months, will be £15. 3,500 Tesco Clubcard points are worth 8,400 Avios at standard conversion. This means an exceptional earning rate of 1 Avios per 0.2 pence. The application form is fairly standard and should not take more than 5 minutes or so but be prepared to receive plenty of paperwork through the post. As this is a financial product I will provide you with full disclosure. You do have a requirement to answer questions fully and truthfully. Anything you fail to disclose could make the policy invalid and effect the validity of any future claim and if you provide false information it could be considered as fraud.

Important Considerations

Available to new customers, which means you do not have an existing Tesco Bank Life Insurance policy

You must apply by 21 May 2013

Use promo code LIFE50PTSP1

There is a minimum term to the policy but you can cancel at any time. You will not receive your premiums back if you cancel after the cooling off period

You must be 18 years or over

You must be a UK resident

There is an over 50s Assurance plan if you are aged 50 to 80 years. The minimum premium is £7 per month. This means a total cost of £21. This changes the earning ratio to 1 Avios per 0.25 pence. For the Over 50s plan you must use promo code P135PTS50.

If you actually want life insurance then please do a full comparison of all the available options and get financial advice if necessary

To get a quote click here.

Full Terms & Conditions can be found here.

There is no cashback available for Tesco Bank Life Insurance.