Barclays has launched a cash incentive of up to £150 for customers purchasing a new life insurance policy. This offer applies to those taking out either Barclays Simple Life Insurance or a Life Insurance for Mortgage Protection policy.
To qualify, customers must be UK residents aged 18 or older and hold or open a Barclays current or Premier Current Account. The application deadline for the policy is 25 November 2026, and the policy must commence within six months of application submission.
The cash reward will be deposited into the customer's Barclays current account, provided they maintain the life insurance policy for at least 12 months and make all required monthly payments. Other insurers are also offering incentives such as gift cards and free cinema tickets to attract new policyholders.