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Tesco Bank offers a little help with holiday planning

Research by Lightspeed/Mintel has found that Brits are most likely to plan a holiday throughout January or February1, but over 60% fail to arrange travel insurance until the last minute. To help with every aspect of holiday planning, Tesco Bank is offering Clubcard customers 50% off its annual travel insurance policies purchased online. To get this discount, all customers need to do is obtain a quote by the 28th February 2017 and buy the policy within 14 days. Discount is subject to minimum premium.2 

Despite the seasonal increase in holiday planning and booking, research has found that travel insurance is commonly forgotten about until the last minute. Over 60% of people who held travel insurance on their last holiday abroad arranged it within a month of departure. 17% arranged it within a week of leaving and 2% purchased it as late as the day of their departure.3 With the average holiday cancellation costs of £800, this could mean a major financial loss if an unexpected illness or incident stopped you from getting away.4

David McCreadie, Managing Director, Tesco Bank said:

“With the dark days and cold weather upon us, it’s nice to have a holiday to look forward to. We know our customers spend a lot of time planning their holidays, yet many don’t consider travel insurance until the last minute. By having travel insurance in place, it can provide peace of mind should the unexpected happen. As customers plan and book their holidays, this offer could allow their money to go that bit further and is just another little help from us.”

For more information and to purchase travel insurance, customers should visit http://www.tescobank.com/travel-insurance/

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For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

Notes to editors:

1 Research undertaken by Lightspeed/Mintel – Consumer Confidence Tracker – December 2016 found that that in January and February, 31% and 30% of UK consumers said they planned to book a holiday over the next three months. This is compared to just 22% in August.

2This discount is made up of our normal online and Clubcard discounts, plus an additional discount on annual multi-trip policies. No promotional code required – the additional discount will be applied automatically. Discounts do not apply to options you can add to your policy.Monetary levels, excess and exclusions apply.

Tesco Bank Travel Insurance is provided by Ageas Insurance Limited
 
3Research undertaken by Lightspeed/Mintel – Travel Insurance – UK, February 2016

4Research undertaken by the Association of British Insurers - https://www.abi.org.uk/News/News-releases/2016/06/Travel-insurers-pay-out-1-million-every-day

For more information and to view the full policy booklet visit http://www.tescobank.com/travel-insurance/

About Us:

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board.

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ

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