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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, 522KB)
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 regular 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. This offer ends midday 31 January 2020.
You have to be a UK resident, aged 18 or over, and either have another Virgin Money product, or have had one in the last 12 months.
Sorry, this doesn’t include Clydesdale Bank or Yorkshire Bank products, B accounts or Virgin Money current accounts opened after November 2019
How do I qualify for the Cashback?
You need to do all of these things:
- apply for a new Virgin Money Life Insurance Policy, with or without Critical Illness cover, (“Policy”) directly via myvirginmoney.com by midday on 31 January 2020;
- then you need to be accepted for the Policy, and buy it; and
- then make six monthly premium payments
You won’t get Cashback if you buy your Policy through another website, such as a price comparison site.
When will the Cashback Offer open and close?
The Cashback Offer opened at midnight on 8 January 2018 and closes at midday 31 January 2020.
What is the Cashback amount?
It’s £75, and we’ll send it to the bank account that we collect your Policy premiums from. Sorry, this is the only way we’ll send the Cashback.
When will I receive the Cashback?
The £75 should reach your bank account within 90 days of paying your sixth monthly premium.
If you’ve got a joint Policy, only the first named person will get the Cashback.
What else do you need to know?
You can only take part in the Cashback Offer once. If we think you’re abusing the Cashback Offer, we can stop the Cashback being paid, or claim the money back from you.
You can’t use any other offer at the same time as this Cashback Offer.
Standard Policy terms and conditions apply.
If something goes wrong, we’ll try to fix it. If we can’t because it’s something we can’t control, or it’s not our fault, then we may have to change the Cashback Offer. If we have to do this then you agree you won’t blame us for this.
English law applies to this Cashback Offer.
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.
Who is the promoter?
We are Virgin Money Personal Financial Service Ltd, registered in England and Wales.
Our company number is 3072766.
Our registered office is at Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL.