5,000 points sign-up offer returns for Tesco Life Insurance

It’s back!  For the first time in a year, Tesco Bank is again offering 5,000 Clubcard points when you take out life insurance through them.

This offer is not as generous as it was 3-4 years ago. The sign up bonus was lower then, at 4,500 Clubcard points, but you received all of the points after paying your first £5 premium!

The rules are tighter now. You can still sign up for a minimum payment of £5 per month but you need to retain the policy for a year to get the full 5,000 points. They are paid at 1,250 every three months.

Tesco Bank

It remains a good deal of course. If you use the points for a 2x or 3x Clubcard Boost deal such as Goldsmiths at 3x, you will receive £120 – £150 of value for your £60.

The application form is here. Only apply if you are in good health – you must disclose any health issues on the form and not telling the truth is fraudulent. Any disclosed health issues are likely to result in a request to attend a medical which is probably too much trouble.

You need to be under 50 to apply. There is a limit of two applications per household which means that they are happy for your partner to apply as well.

You are banned from taking out this deal if you have cancelled a Tesco Life Insurance policy in the last 12 months.  Although that doesn’t stop your partner signing up!  You could also sign up for Tesco Critical Illness or Tesco Mortgage Protection cover if you are blocked from the life insurance deal.

The code you need to put on the application form is L5KP6.  The last day to enrol is March 11th.

Want to earn more Clubcard or Nectar points? Click here to visit the Shopper Points home page for the latest news and offers. Come back every day for new deals or join our email list.

Do you have a Clubcard or Nectar credit card?  If not, you can receive up to 20,000 FREE points for signing up!  Full details are in this article.

Do you convert Clubcard points into Avios or Virgin Flying Club? If you do, visit our sister site, Head for Points, which is full of tips for maximising your frequent flyer miles.

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Want to earn more Clubcard or Nectar points? Click here to visit the Shopper Points home page for the latest news and offers. Come back every day for new deals or join our email list.

Do you earn Clubcard or Nectar points from your credit card?.  If not, you're missing out. We review the best options in this article.

Do you convert Clubcard points into Avios or Virgin Flying Club? If you do, visit our sister site, Head for Points, which is full of tips for maximising your frequent flyer miles.

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