Royal London partners with Clydesdale and Yorkshire Banks to offer Over 50s Life Cover
3 January 2018
Royal London has been appointed by Clydesdale and Yorkshire Banks as its new partner for Over 50s life cover.
Customers will be able to purchase Royal London’s Over 50s life cover from a branch or online, via a simple application process giving them an immediate decision as to whether their policy has been accepted.
Royal London’s Over 50s life cover offers flexible payments, allowing customers to increase or decrease their payments at any point. Customers also benefit from a protected payout, so if they have to stop paying for they policy, they may still qualify for a payout.
Jerry Toher, CEO of Royal London’s Consumer Division, said: "We’re delighted to be partnering with Clydesdale Bank to offer our Over 50s life cover to their customers. Through our new partnership with Clydesdale Bank, we will continue to achieve our shared values of putting customers’ needs first, and making sure that our products offer better value for money and fairer outcomes for consumers."
Fergus Murphy, Group Customer Value Director at CYBG, owner of Clydesdale and Yorkshire Banks. said: "We're pleased to be adding over 50s life cover to our range of products, ensuring customers have the confidence and reassurance their families will be supported financially in times of distress - and delighted to be working with the Royal London team, whose customer centric approach makes them an ideal partner for our Clydesdale and Yorkshire Banks customers."
- ENDS -
For further information please contact:
About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £106 billion. Group businesses provide around 9 million policies and 3,449 employees. (Figures quoted are as at 30 June 2017).
CYBG PLC is a full-service bank focused on UK consumers and small and medium-sized enterprises (SMEs) and operates under the Clydesdale Bank, Yorkshire Bank and B brands. We serve nearly three million customers through an omni-channel model of online, mobile and telephone banking, together with a network of 169 branches and business banking centres, mostly in the UK’s economic heartlands of Scotland, the North of England and the Midlands.
We are committed to being at the forefront of innovative banking which delivers an experience that is useful, simple and rewarding and are investing more than £350 million in our business over the next two years. As part of this, we continue to introduce new services through our award-winning digital banking platform to ensure we are best placed to serve our customers’ needs both today and tomorrow.
Our intuitive, mobile app-based banking service B was launched in 2016 offering a range of interactive tools designed to give customers greater control of their money wherever they are. B will grow and adapt to meet changing customer demands, with new products, services and functionality introduced on an ongoing basis. For further information, please visit www.youandb.co.uk