Your selected question and answer
Question:
When does the Tesco Over 50's Life Insurance policy pay out?
Answer:
Once you’ve been paying your premiums for 2 years, and as long as you keep paying your premiums until you are 90, we will pay the full fixed cash sum on your death. If you die within the first 2 years of taking out your policy, we'll pay back one and a half times the premiums paid. If death is due to an accident, then the full sum assured is payable.
Please note, if you are an existing Tesco Life Insurance customer and you bought your policy before the 29th April 2010, the policy conditions may differ in parts. Please contact our customer service teams for further information.
- What if I haven’t had my Life Insurance Over 50's policy for 2 years when I die?
- What types of policy does Tesco Life Insurance offer?
- Do I need to have a medical for Over 50's Life Insurance?
- What is the difference between a Fixed Term and a Mortgage Life insurance policy?
- Is the cash lump sum guaranteed?
