Lombard Direct is a British company founded in the year 1995 and is a part of the Royal Bank of Scotland group. The company specialises mainly in loans and insurances.
Currently Lombard Direct’s loan protection payment cover is underwritten by UK Insurance Limited for unemployment, sickness, major illness, accidental death, accidental injury and hospitalization and its life insurance protection is underwritten by Direct Line Life Insurance Company Limited. Both these companies are regulated by the Financial Services Authority. There is an eligibility criteria for taking insurance. The person taking the insurance must fulfill the following requirements on the Commencement date:
• His/Her age must lie between 18 years to 70 years.
• According to the Agreement, his/her name must appear as the ‘customer’ who has applied for the cover or who has agreed to pay the premium.
• Be working for at least 16 hours per week in the UK.
This policy has major illnesses cover, life cover, accidental death cover, accidental injury cover, hospitalization cover and unemployment cover. These are available with some terms and conditions with respect to the type of hospitalization taken, activities that you are engaged in and period of unemployment.
The company takes the responsibility of safe guarding the client’s information and does not let it out to any third party. In collaboration with fraud prevention agencies, the company also helps prevent fraud and money-laundering.
The company is a participant in many social activities as well. It has sponsored many sport events and athletics and continues to do so. Lombard Direct’s television adverts have always been appreciated for their animated, talking blue phone, ARNOLD, which has been a symbol of the company since a long time.
The company is a major player in the insurance sector. Nevertheless, to get the best policy always compare Lombard Direct with other insurance companies in the UK to get the the best deals for life insurance policy.
