Is Sainsbury's The Best Life Insurance Policy?

antoine fruchard Antoine Fruchard  updated on July 29, 2020

This is the ultimate review to guide you through the ins and outs of Sainsbury's life insurance. You might already know that Sainsbury's has several different contract options. 

Some are great. Some are less useful. Some are simply too expensive.

So, if you want to get better value for money from your insurance contract, as well as indicative quotes and tips to lower your insurance premium, then you’ll probably love the following article.

Let’s dive right in!

Is Sainsbury's the best life insurance for you?

When taking out life insurance, there are so many things to think about. Life insurance is one of the most important insurance plans to have, as it is the best way to protect your loved ones if something happens to you. 

Sainsbury's life insurance has a lot to offer. Here are the main points that you should look at before taking out life insurance with Sainsbury's. 

4 Safe overall rating for Sainsbury's

Rating CriteriaSafe RatingOur Review
Customer service satisfaction, claims and support

4.2/5 rating on TrustPilot
5 star rating on Defaqto
Quick customer care responsiveness
No chat bot option

Coverage options

Sainsbury provides special Over 50s cover
It is easy to make changes to the policy
There is the option of picking between level or decreasing cover
The Critical Illness Cover provides cover for up to 38 medical conditions
Accidental death benefit and life cover is provided
Whole-of-life cover is not provided

Value for money

Nectar points and bonuses are given to policyholders
Cover options can be gotten for as low as £5 per month
Cover of £300,000 is given in the case that the policyholder dies in the process of completing a property purchase
Free Life Cover and Accidental Death Benefit are offered at no extra cost
The amount provided for is not clearly stated

Financial strength

Sainsbury’s paid out 98% of their claims in 2018

Apps and technologies

Quotations can be gotten online
There is a life insurance calculator on their website
The insurance policy can be changed, added to online
No livebot or chatbot option
Claims cannot be taken out online
No use of technological advancements like mobile app

Safe rating for Sainsbury's Life insurance

Expert and customer satisfaction reviews for Sainsbury's

Review organisationConsumer satisfaction rates for Sainsbury's Life insurance
TrustpilotNot stated
Defaqto5
Experts rating for Sainsbury's

Sainsbury's insurance in a nutshell

In summary, here are the main features you need to know when taking out life insurance with Sainsbury's. 

CriteriaSainsbury's details
Minimum age18 years
Maximum age 77 years
Pay-outNot Stated
Life insurance with free gifts– Nectar points are given to policyholders <br>- Double Nectar points are given on Sainsbury's shopping and fuel while the policy is valid
Extras

A life insurance calculator is available on the website.

Terminal illnessYes
Sainsbury's life insurance in a nutshell

What are Sainsbury's life insurance policy types?

When choosing life insurance, you have to make a lot of important decisions. You have to choose between different policy types to find which one would best cover your needs. As the first big choice, you have to choose between: 

  • Term life insurance. Term insurance splits into two types: level term or decreasing insurance. If you choose a term insurance, once again you would have to choose between these two. Sometimes, there is an increasing term insurance option. 
  • Whole of life insurance. This insurance will pay out when the policyholders die. Not all insurers offer this type of coverage. 

What is Sainsbury's term life insurance? 

There are two term life insurance options:

  • Level cover guarantees that your loved ones get a payment if you die during a specific period of time. You will receive the same amount during a fixed period. Life insurance can be for 5,10, 20 years, etc., depending on your needs. 
  • Decreasing cover guarantees that your loved ones get a payment if you die during a specific period of time. The amount decreases over the policy term. It is really useful if you have a loan, as the price tends to decline over time. You can choose an increasing cover as well.
CriteriaSainsbury's life insurance
Minimum term1 year
Maximum term50 years
Pay-outNot Stated
Minimum monthly premium£5
Extras or any interesting facts 

Sainsbury provides a service called SmoothMove which provides its customers with free moving day rescue service available 24 hours a day.

Sainsbury's term life insurance

Should you take level or decreasing term life insurance?

Sainsbury's offers two types of term life insurance: one is level life insurance, the other one is decreasing life insurance. 

CriteriaProvider Details
Sainsbury's term life insurance (level)
  • Sainsbury provides life insurance for people who are up to 18 years old
  • Cover is available for as little as £5 a month,
  • Free terminal illness cover is provided for an insurance policy that is up to two years
  • 90-day Free Accidental Death Benefit is provided
  • There is an option to include the Critical Illness cover to an already existing insurance policy
Sainsbury's decreasing term life insurance, also known as life insurance for mortgage
  • The Decreasing Life Insurance that Sainsbury offers does not have a fixed interest rate
  • The monthly payments charged is constant however, the payable amount will decrease over the term of your policy, in line with the repayment mortgage
  • A minimum of £5 can be paid per month
  • In the case that the policyholder dies before the end of the policy term, the family will receive a lump sum to cover the mortgage fee
Level or decreasing life insurance

Some providers also propose increasing life insurance, which is a similar concept as decreasing life insurance, but with the premiums getting higher rather than lower.

Sainsbury does not offer Increasing cover

Can you take out a Sainsbury’s plan life insurance with someone else?

Yes, you can either have a single or a joint policy at Sainsbury's.

Taking out a joint policy covers two people that are together under the same policy. In the end, it is cheaper than two single policies. It covers both of your contributions to the family. It only pays out once, and the sum will be given to the other partner if one dies. It leaves the surviving member of the couple without life insurance after the death of the first partner. 

Taking out a single policy pays for one person only. It pays out the amount chosen. Taking out two policies is more expensive, but you can choose the level you want, and it’s beneficial if the two partners don’t need to be insured at the same level. 

 What are Sainsbury's life insurance extras? 

You can add these extras at additional cost to your Sainsbury's life insurance: 

Details Reviews
Smooth Move Service

SmoothMove service is a free moving day rescue service that Sainsbury provides. It is available 24 hours a day.

Waiver of premium

Waiver of premium allows policyholders to stop paying premiums if they are unable to work for longer than 26 weeks as a result of an injury or illness.

Accidental death coverage

This is available for policyholders who die within a 90 days time frame as a result of an accident. The pay out sum will be given to the policyholder’s family.

Free life cover

Sainsbury provides the policyholder with 90 days free cover which starts when the insurance application has been accepted and the future start date coincides with the completion of your house purchase.Cover is provided up to £300,000.

Accidental Hospitalisation Benefit

A sum of £5,000 is given in the case that the policyholder is involved in an accident and has to stay in the hospital for up to 28 days.

Sainsbury's life insurance extras

Should you take out Sainsbury's life insurance critical illness cover?

What is critical illness cover? 

It is an extra that can be added to your policy, or can be combined with your standard life insurance. It pays out if you contract a disease. The illness developed must be specified in your policy contract. The most common illnesses covered are cancer and heart attacks, etc. If you become really ill, your insurance will pay out exactly as if you’ve passed away. 

Is Sainsbury's the best critical illness cover? 

Here are the main features when you take out Sainsbury's life insurance with serious illness:

CriteriaOverall life insurance and critical illness cover
Coverage

The Life and Critical illness cover that Sainsbury provides offers the following:

  • Accident Hospitalisation Benefit is provided and in the case that the policyholder stays in the hospital for up to 28 days, a sum of £5000 is payed.
  • Children’s Critical Illness cover for children aged 30 days to 21 years.
  • Additional cover of up to £25,000 is provided for critical conditions like Carcinoma in situ of the breast and low grade prostate cancer.
  • Cover is provided for up to 38 critical conditions.
Children’s Cover
  • The children cover provided by Sainsbury is valid for children between 30 days old and 21 years old.
  • This cover provides up to £25,000 or 50% of the amount of cover in the case that the child is diagnosed with one of the critical conditions.
  • A sum of £5,000 is provided in the case that a child is hospitalised for up to 28 days as a result of an accident.
  • A sum of £1,000 is provided to for childcare services for children under 5 years old for policyholders who have taken out a critical illness policy.
  • £4,000 is given in the case that a child dies during the policy term.
What should you know about Sainsbury's critical illness cover?

The Critical Illness Cover provided by Sainsbury can be added to either a Life Insurance or Decreasing Life Insurance as an optional extra at an additional cost.

Sainsbury's life insurance

How much is Sainsbury's life insurance?

The big question is knowing how much life insurance you’ll need. Your answer to this question (as well as your age) will mainly determine the price of your life insurance:

However, your life insurance price will also depend on several factors: 

  • Your medical conditions
  • Whether or not you are a smoker 
  • Which add-ons you add to your life insurance 
  • Your salary
  • The coverage you want
  • Whether you take out a joint policy or not 

So you must ask yourself the relevant questions for your own situation, for example: Do you have a loan? Do you have savings? Do you have debts? Do you have a family? Does your job offer protection? 

How to contact Sainsbury's life insurance?

Here are all the important phone numbers for contacting Sainsbury's life insurance: 

ServicePhone NumbersOpening Hours 
Get a quote at Sainsbury's0800 0137 137Mon–Fri 8am – 6pm
Sat 9am–5pm
How to claim at Sainsbury's0800 137 101Mon – Fri, 9am – 5.30pm
How to cancel at Sainsbury's

0370 010 4080

Mon – Fri 8am – 6pm
Sat 9am – 5pm
Sainsbury's phone numbers

What are Sainsbury's general contact details? 

You will find in this table all the general contacts that you would need if you want to reach Sainsbury's life insurance: 

General contacts
Mailing address

33 Holborn,
London.
EC1N
2HT

Social media 

No

Chatbot

No

Sainsbury's general contacts

How to claim at Sainsbury's life insurance? 

You will find on this table the different possibilities for reporting a claim on your Sainsbury's life insurance: 

How to claim on your life insurance at Sainsbury's?
When to claim?

As soon as possible

Claim by mail

Claims Department
Legal & General Assurance Society Limited
City Park
The Droveway
Hove
East Sussex
BN3 7PY

Claim by email[email protected]
Claim online

Not Available

Claim by phone0800 137 101
Claim at Sainsbury's life insurance

How to cancel my Sainsbury's life insurance? 

You will find on this table the different ways to cancel your Sainsbury's life insurance: 

How to cancel your life insurance at Sainsbury's
Fees
  • If you cancel within 30 days the premium paid would be refunded fully
  • If the cancellation is done after 30 days, no refunds would be made
Cancel by mail

Cancellations Department
Legal & General Assurance Society Limited
City Park
The Droveway
Hove
East Sussex
BN3 7PY

Cancel by email

Not available

Cancel onlineInsurance policies can be cancelled online via the My Accounts online portal
Cancel by phone

0370 010 4080

How to cancel my Sainsbury's life insurance?

How do I get Sainsbury's life insurance quotes? 

Here are the different ways to get a life insurance quote at Sainsbury's: 

How to get a life insurance quote at Sainsbury's
Quote online
  • On the Home Page, select the "Life insurance" option
  • Click on the "Get a quote" option
Quote phone0800 0137 137
Get a quote at Sainsbury's

How do I log into Sainsbury's life insurance?

Click on the "Login/Register" option on the Homepage

Do we recommend Sainsbury's life insurance?

Sainsbury’s life insurance is underwritten by Legal & General and they have a five star rating on Defaqto.
Sainsbury’s offers both level term and decreasing term life insurance, and also insurance for policyholders over the age of 50. Optional extras like the critical illness cover can also be added to the insurance policy.
Good customer care reviews were rercorded on third party review websites. The insurance policies are affordable as they cost about £5 per month. Their services are recommended.

What is life insurance? 

Life insurance is a contract between an insurance company and the policyholder. In exchange for an annual or monthly premium, the insurance company agrees to give out to a designated beneficiary a lump sum if the policyholder were to pass away. 

How does life insurance work in the UK?

Like with other types of insurance, it is a standard procedure: the policyholder pays a premium to a provider, with an agreed level of cover. 

Is life insurance worth getting?

Yes, it is worth getting life insurance when people depend on you financially, like your family.

What are the best life insurance with free gifts?

Lots of life insurance providers offer free gifts: 
– Royal London
– Legal & General
– Aviva
– Shepherds Friendly 
– OneFamily 
– British Seniors Insurance Agency

How much is life insurance in the UK? 

How much life insurance in the UK is depends on a lot of factors. However, with our data, we calculate that the average monthly cost of life insurance is £15. Of course, the price will depend on whether you take out joint or single life insurance, and the term of your insurance if you are not taking out  a whole life insurance policy. 

What is the best life insurance in UK?

There are lot of life insurance policy that have interesting features. Depending on these features, you can decide if this life insurance suits you. 
To find what is the best life insurance for you, use our tool to compare prices and offers from all the insurers on the market instantly.