- New agreement will give customers more choice and accessibility
- New product range will be launching throughout 2017
- Access to new products across additional digital channels
Post Office Money has taken a major step in growing its life business by appointing Royal London as its new life insurance partner.
Working with Royal London will enable Post Office Money Life Insurance to improve its existing range of products, develop new ones and simplify application processes for customers. In addition, an immediate decision will be given as to whether their policy has been accepted across the product range.
Today’s announcement will put in place the foundations on which the business can accelerate its growth in the future by expanding access to new products across all channels, including additional digital ones.
Rob Clarkson, Managing Director Post Office Money Insurance said: “Through our new partnership with Royal London, we are developing products that offer our customers more choice in how they are protected. New and improved products will be accessible in selected Post Office branches, through our UK based call centre and online. Through working with Royal London we have been able to simplify the application process, making it even easier for customers to find the right policy to meet their needs.”
Jerry Toher, CEO of Royal London’s Consumer Division, said: “We’re pleased to be partnering with Post Office Money to offer consumers a range of life insurance products. As a mutual insurer we put customers’ needs first and will continue to work with Post Office to develop products that offer better value for money and fairer outcomes for consumers.”
Over the past 18 months Post Office Money Insurance has been investing in all aspects of its insurance business including developing its own customer support centre.
About the Post Office
Post Office Limited has an unrivalled national network of over 11,600 branches across the UK, more than all the high street banks combined, and sits at the heart of many communities across the country.
It provides around 170 different services and products spanning financial services including savings, insurance, loans, mortgages and credit cards. Post Office also offers Government services, telephony, foreign currency, travel insurance and mail services.
99.7% of people live within three miles of their nearest Post Office outlet. For many rural communities the Post Office is the only retail outlet. Post Offices remain highly valued and trusted and are the focal point for many communities. For more information, visit www.postoffice.co.uk.