Owned by Tesco PLC, the leading British retailer by global sales and domestic market share, Tesco Personal Finance, is a leading commercial bank in the UK. The company offers all types of insurance cover, such as car, home, pet and travel insurance.
About Tesco Insurance
Formed in July 1997 as a joint venture between Tesco PLC and Royal Bank of Scotland, Tesco Personal Finance has been running its operations via telephone and the Internet. The company's success lies in its strategy to cross sell its financial services and products to the extensive customer base of Tesco, the leading British retailer by global sales and domestic market share. Traded as Tesco Finance & Insurance, Tesco Personal Finance became a fully-owned subsidiary of Tesco PLC in 2008. It also offers free financial advice and insurance quotes since 2009.
Services Offered by Tesco Insurance
The insurance products offered by Tesco Personal Finance are:
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Car insurance: The company offers various car insurance products, such as standard and value insurance. Buying a Tesco car insurance policy online will make you eligible for a maximum of 15% online discount on the premium for the first year. The Tesco car insurance policy offers van insurance, car checker, breakdown cover and parts replacement benefits.
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Home insurance: Tesco Personal Finance offers various introductory discounts up to 35% when you buy a home insurance policy online or over the phone. Other discounts include those offered to Tesco Car Insurance customers and Clubcard customers. Apart from providing a 24-hour emergency helpline, the company offers home repair services by evaluated builders. Tesco offers three layers of insurance cover, finest, standard and value.
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Pet insurance: The company offers 20% discount to new users for buying the policy online. By insuring more than one pet with the company, consumers can become eligible for an additional 5% discount on the premium amount for each pet. It offers choice in the extent of cover by offering standard and extra cover protection levels.
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Travel insurance: The company offers various discounts to users buying a policy online. When traveling with kids, consumers do not have to take a separate cover for them, as it comes free with the cover for adults. The company offers affordable travel insurance policies, with single trip cover starting at £6.00 and annual cover starting from £50.00.
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Life insurance: Tesco Personal Finance offers various discounts, such as free card to people buying insurance online. Users can get insurance cover in just 15 minutes via the phone or the Internet.
Tesco Personal Finance also sells health and dental insurance covers to cater to the specific needs of its consumers. Tesco Insurance offers hotline and web-based consumer services to promptly deal with customer queries.