Barclays Insurance offers personal and business insurance products. To meet individual needs of the customers, Barclays Insurance has a diverse range of plans under each category.
Barclays Insurance: Company Profile
Barclays Insurance is provided by Barclays Bank Plc, which has its headquarters in London. The company's insurance products are authorized and regulated by Financial Services Authority (FSA), UK. Established in 1690, Barclays Bank has operations in six continents. Forbes Global 2000 ranked Barclays Bank as the 25th largest company in the world.
Personal Barclays Insurance Products
Personal policies offered by Barclays Insurance are:
- Home insurance: The company provides buildings only, contents only and combined home insurance policies. As a distinguishing feature, Barclays Insurance provides contents cover at half price with the combined home insurance policy. The Finer Home tailor-made policy is specifically developed for people with over £500,000 buildings cover, £50,000 contents cover or £25,000 worth of valuables. Home insurance policyholders also receive travel insurance at discounted rates from Barclays Insurance.
- Life insurance: Barclays Insurance offers level term policy and decreasing term policy as life insurance products. The company imposes cover restrictions for over-50s and no policy is available for people above 65.
- Travel insurance: Single-trip and annual travel insurance plans are available for individuals. The company has a 24x7 helpline service to provide immediate assistance to policyholders.
- Health insurance: Personal accident, accidental death and hospital cash plans are available under the health insurance category. The WellWoman plan is a specific policy that covers existing health conditions as well as several female-specific diseases.
Barclays also underwrites student possessions plans and car insurance policies under the personal insurance category.
Business Barclays Insurance Products
Barclays Insurance offers insurance products to self-employed individuals, small businesses and large corporations. Major insurance products available under this category are:
- Minifleet insurance
- Van insurance
- Office and surgery insurance for medical practitioners
- Shop and salon insurance for retailers and salon owners
- Pub, restaurant and hotel insurance
- Residential property insurance for buy-to-let investors
Barclays Insurance provides a 10% discount to individuals with online purchase. The company has emergency customer care and claim management services as well.