Life insurance premiums through the supermarket bank are among the most competitive available and start from as little as GBP5 a month, the company said.

Claire Moyles, life insurance manager at Sainsbury’s Bank, said: Life insurance can help provide great peace of mind in the knowledge that your dependants could receive a cash lump sum if you were to die. Quality cover does not have to be expensive and right now you can save an extra 50% for the first three months if you apply for a policy with us.