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Bank of Scotland life insurance offers the life assurance protection to people and provides plans to suit every pocket. It helps you to prepare just incase something happens to you and you want to provide for your loved ones. It gives you options to pay the installments and change the plan as time goes by.
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As the future is the uncertain, life insurance offers coverage to you and your family when you need them the most. You can also opt for income protection and critical illness as a part of you individual plan and modify it in the future as required.
About Bank of Scotland
Bank of Scotland is one of major banks in United Kingdom. Established in the 17th century, this bank is the only commercial institution which was created by the parliament of Scotland. Following Global Expansion, they have reached Asia pacific, Latin America, North America and Europe and Middle East.
Type of Life Insurance
The bank of Scotland offers various insurance policies to suit the interest of an individual. It primarily provides Life cover which involves giving financial security to the family. These are further categorized into Critical illness and life cover plans, critical illness, income protection and coverage for lifetime.
While all other plans pay you a lump sum other than the income protection plans. They give you monthly installments for your illness, or accident during the term of your plan. The other plans such as critical illness and life cover-will give you lump sum if you are diagnosed with some disease or in case of death. You can also go for two categories in one plan so that you are secure in every way. If you go for a critical illness and life coverage they offer your child’s illness cover without any extra cost. This also includes giving cash payments during the fixed period of the policy.
Lifetime cover lasts for life and gives a lump sum amount on death to manage expenses, and debts. They also offer ‘over 50 guaranteed life plan’ which you can buy if your age is between 50 – 70 years. It guarantees payment in lump sum to your family, when you are no more.
Rival Companies
One of oldest and most promising financial institution, Bank of Scotland is in Stiff competition with Lloyds Banking Group.
Bank of Scotland Life Insurance Reviews
Bank of Scotland offers life insurance with full customer satisfaction. While there are many reviews on other sectors of insurance given by the bank of Scotland. The life insurance reviews are slowly catching up. You can also write-up your assessment on link or read the how others felt about their insurance products and plans on bank review link.
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