Tesco Bank set to launch travel insurance after striking a deal with Fortis UK

It’s been revealed that Tesco Bank will soon be offering its customers travel insurance after it signed a lucrative deal thought to be worth £59 million with Fortis UK. The news comes a year after the two companies united to offer motor and household insurance. It seems this venture has been a success for both parties, and so Tesco Bank and Fortis UK are planning a similar deal with a view to providing customers with travel insurance. The agreement is believed to be for 5 years and worth £59 million. The new deal will see Fortis UK take on 30 new employees expected to be based at the company’s branch in Stoke-on-Trent. The head of the Tesco Bank, Benny Higgins, says they aim to offer a “straightforward product” to their 170,000 customers which is also “good value.” Mr Higgins added that the partnership with Fortis UK was a great match for Tesco Bank as they have a proven track record for good customer service and also excellent product development. Tesco Bank was launched back in 1997 and is now the largest supermarket bank in the UK with 6 million customers. The bank became independent of its partner The Royal Bank of Scotland last year. No details have been released as to the kind of travel insurance policies we can expect from the new partnership.