Barclays has reached an agreement with Aviva and Legal and General that aims to see the bank providing innovative life and general insurance products to customers in the UK.
It is hoped the deal will result in better choice and accessibility, while also bringing policies that are competitively priced to both new and existing customers.
Those on the books of Barclays will be able to benefit from Aviva’s life assurance and personal accident cover on a non-advised basis, while Legal and General is to offer family and mortgage life assurance, as well as critical illness protection.
Paul McNamara, managing director of insurance and investments at Barclays – which has a history of more than 300 years and currently employs over 145,000 people across the globe – said the company is looking forward to providing “a comprehensive range of competitive and easily accessible insurance, which they can tailor to their needs”.
The industry figure added the bank is also excited to be extending its “already successful” relationships with Legal and General and Aviva to help provide customers with accessible insurance options.