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Earn £75 cashback when you take out a Life insurance policy with us.
We know it’s nice to feel appreciated. That’s why we’re offering cashback to existing customers who take out another product with us. Think of it as our way of saying thank you for choosing Virgin Money.
We offer two types of Life Insurance
As the name suggests, Level Term cover provides a level amount of protection over the term of the policy. If you selected £100,000 of protection at the start of the policy for 25 years, you would be covered for this amount until the policy ended 25 years later.
Decreasing Term could provide you with the cover amount you need right now, then gradually decreases as the policy ages. If you select £100,000 of protection at the start of the policy for 25 years, gradually this will reduce down to £0 by the end of the policy 25 years later.
You can choose to add Critical Illness Cover to your Life Insurance policy to offer you extra protection as an optional extra.
Critical Illness Cover is designed to help provide financial assistance if you are diagnosed with a critical illness during the term of the policy. If you include Additional Critical Illness Cover on your policy the sum assured is a fixed amount which won’t decrease over time. The money is often used to help with medical expenses or to cover loss of income during this difficult time. We only cover the critical illnesses we define in our policy.
Below are just some of the critical illnesses we cover although they have conditions / exclusions that apply. You can view the list of conditions insured by our Critical Illness Cover in the Policy Summary (PDF, 267KB)
Cancer - excluding less advanced cases
Stroke - of specified severity
Coronary artery by-pass grafts - with surgery
Benign brain tumour - resulting in permanent symptoms
Alzheimer's Disease before age 65 - resulting in permanent symptoms
Blindness - permanent and irreversible
Deafness - permanent and irreversible
Kidney failure - requiring dialysis
Heart attack - of specified severity
Multiple sclerosis - with current symptoms
Parkinson's disease - resulting in permanent symptoms
Heart valve replacement or repair - with surgery
Aorta graft surgery - for disease or trauma
Coma - resulting in permanent symptoms
HIV infection - caught in the UK from a blood transfusion, a physical assault or at work in an eligible occupation
Medical profession - including administrators, cleaners, dentists, doctors, nurses and porters
The critical illness cover complies with the Association of British Insurers’ Guide to Minimum Standards for Critical Illness Cover.
Extra Critical illness
The following Extra Critical Illnesses will also be included if your policy includes a Critical Illness benefit. For these illnesses we will pay the lower of £20,000 or 20% of the critical illness sum assured.
Child Critical Illness Cover is not a standalone product and can only be added if you have our Life Insurance with Critical Illness Cover. This cover pays out 25% of your critical illness sum assured or £25,000 whichever is less. We will only pay one claim per child, but will cover multiple claims within your family.
How do I earn my £75 cashback?
Apply online below and make 6 monthly payments towards your Virgin Money Life Insurance policy.
Please allow a further 90 days for the cashback to be paid directly to the bank details provided. See full cashback terms and conditions below.
The Cashback Offer is open to UK residents aged 18 or over, who hold or have held at least one Virgin Money product within the last 12 months.
The Cashback Offer will open at midnight on 8th January 2018. The Promoter reserves the right to modify, terminate or extend the Cashback Offer at any time without notice or liability
To qualify for the Cashback Offer you must apply directly via myvirginmoney.com for a new Virgin Money Life Insurance Policy or Virgin Money Life Insurance with Critical Illness Policy (“Policy”) and subsequently be accepted for, and purchase the Policy. The Cashback Offer is not available on Policies that have been applied for via third party websites such as price comparison sites.
You must also make six monthly payments to qualify for the Cashback Offer.
Please allow up to 90 days from the receipt of the sixth monthly payment for you to receive the cashback.
In the case of a joint policy, only the first named customer can participate in the Cashback Offer and receive the cashback.
The cashback amount will be for the sum of £75 and will be paid directly to the bank account from which policy premiums are collected. No alternative payment method is available
You can only participate in the Cashback Offer once. If the Promoter reasonably believes the Cashback Offer is being abused in any way the Promoter reserves its right to stop a payment being made, or reclaim the cash back in such circumstances.
No other Offer can be used in conjunction with the Cashback Offer.
Standard policy terms and conditions apply.
Events may occur which render the Cashback Offer or the awarding of the Cashback Offer impossible due to reasons beyond the control of the Promoter. In such circumstance, the Promoter may in its absolute discretion vary or amend the Cashback Offer and you agree that no liability shall attach to the Promoter as a result thereof.
The Cashback Offer is subject to English Law.
Virgin Money Life Insurance is promoted by Virgin Money Personal Financial Service Ltd and arranged and administered by BISL Limited. Virgin Money Personal Financial Service Ltd and BISL Limited are authorised and regulated by the Financial Conduct Authority.
BISL Limited - registered in England and Wales (company no. 3231094). Registered office - Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.
Virgin Money Personal Financial Service Ltd registered in England and Wales (company number 3072766) (“the Promoter”). Registered office at Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL.