Tesco Finance are advising potential customers that health insurance could be provided for just GBP1.50 per day.
The figure quoted for Tesco Finance health insurance is based on someone living outside London, 35 percent no claims discount and a GBP100 excess. There are 3 different health insurance products offered by Tesco, with the cheapest Core health cover available for less than GBP15 a month for a 20 year old, up to GBP45 for a 55 year old.
The view of Tesco Finance is that their health insurance combines a simple package with excellent value. Those under 75 do not need to answer any medical questions and there are three packages available.
New health insurance customers at Tesco Finance will be able to include their children for free on the first 12 months cover. The offer is applicable on applications made between 29 May and 23 July 2008.
With regard to value a typical price has been calculated for Tesco Health Insurance, using as an example two parents, living in Edinburgh, aged 35 who do not smoke. With a GBP100 excess and paying monthly they and their two children can have medical insurance for just GBP47.04 on the Tesco Core policy, or GBP79.02 on the Premium option.
Taking the same family make up and moving them to London the corresponding premiums are GBP61.40 and GBP101.50. All prices are per month. A Tesco Finance spokesman was happy to be able to offer such good deals since it helps families save money during some difficult times.
As the credit crunch adds to the strain many families are facing, Legal and General are advising people to look at financial protection products to help ease the stress.
A Legal and General spokesman highlighted the key areas that the credit crunch is impacting on, with mortgage rates on the rise, fuel and food costing much more year on year and council tax bills also eating into what are relatively unchanged incomes. If anything were to happen to those bringing the income in then the family would very quickly face difficulties.
The Legal and General view is that family protection is essential and they offer monthly income replacement cover for a defined period should the holder of the policy suffer a critical illness or pass away.
