Nationwide extends travel insurance age limit
by Gill Montia
Story link: Nationwide extends travel insurance age limit
Nationwide is claiming a UK first as it adds free travel insurance for those aged up to 75 to its free current account.
Previously, the upper age limit was 65 for new customers but from 21st September, the Society is extending the upper age limit on its FlexAccount travel package, where the account is used as a main current account.
According to the society, banks that offer travel insurance as part of their packaged accounts charge monthly fees of between £10 and £20, while buying similar European travel cover from an insurance provider for a couple aged 75 would cost between £120 and £220 per annum.
Other benefits of the FlexAccount include 35% off five-star home insurance.
The mutual’s director of consumer finance, Graham Pilkington, comments: “Our current account offers an unbeatable package of benefits which are comparable with those offered by many paid for packaged accounts.”
He adds: “We don’t ask our customers to pay for these extras, we simply ask them to use FlexAccount as their main account and we then reward them for their loyalty.”