Norwich Union Direct Life Insurance

Updated: Periodically. Details correct at the time of publication – October, 2007.

Norwich Union is part of the Aviva group, the sixth-largest insurance group in the world and the biggest insurer in the UK. The Aviva group has 59,000 employees serving 40 million customers worldwide. Norwich Union is now established as a leading UK life insurance company, with a number of different life insurance policies on offer, including mortgage life insurance, general life insurance (also known as 'Norwich Union life assurance' or 'Norwich Union term assurance') and accidental death benefit.

The level term life insurance on offer from Norwich Union pays out a fixed lump sum in the event of your death; or the diagnosis of a terminal illness before the last 18months of the policy term. It can be used to cover outstanding debts, though it has no cash value at any time. According to the Norwich Union website, policies are available for as little as £10/month depending on your circumstances.

Norwich Union's mortgage life insurance policy is a decreasing term plan designed to help you pay off the outstanding amount in the event of your death or a terminal illness diagnosed before the last 18months of your policy term. The payout reduces in line with your outstanding loan debt and cover is available for £5/month.

Norwich Union's accidental death benefit will give you £20,000 worth of cover for just £1.99/month. All cash benefits are free from income tax and there is no medical examination. Additionally, the accidental death policies come with free gifts which range from wristwatches to alarm clocks and organisers.