Santander launches up to £150 cashback offer on new life insurance policies

Santander today has launched a cashback offer of up to £150 for customers purchasing a new Santander life protection policy from 1 August 20231

New and existing Santander mortgage, Edge and Edge Up current account customers will receive £150 cashback after purchasing a new Santander life protection policy. All other customers will receive £100 cashback after purchasing a new Santander life protection policy. 

The life insurance policies eligible for the cashback offer are: Life Insurance Plan, Life & Critical Illness Plan, Critical Illness Plan and the Over 50s Life Insurance policy. 

Customers can find out more information and get a quote for a new life protection product online at or phone the Santander Insurance & Protection team on 0800 028 3744. Customers can also arrange to speak to a branch adviser (Senior Financial Planning Manager) for advice on life protection.  

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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions. 

Notes to Editors  

  1. This is a limited offer which applies to new applications received from 1 August 2023 and can be withdrawn by Santander at any time without notice. 

  1. To qualify, the policy must be in force with up-to-date premiums at the time the cashback is paid. For Santander mortgage and Edge/EdgeUp customers to receive the £150 cashback the mortgage or Edge/EdgeUp account must also be open at the time the life policy qualifies for the cashback payment. 

  1. Santander will aim for the cashback to be paid after 280 days of the policy start date, providing; 

  • The completed application was submitted during the promotional period which started on 1 August 2023 
  • the policy has started 
  • the policy hasn’t been cancelled and the payments are up to date 


Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 31 December 2022, the bank had around 19,000 employees and serves around 14 million active customers, via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK. 

Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in the Europe, North America and South America regions, and is one of the largest banks in the world by market capitalization. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2023, Banco Santander had €1.2 trillion in total funds, 161 million customers, 9,000 branches and 210,000 employees.