Chase has launched its first insurance product, aiming to offer U.K. customers one of the most competitive options on the market for essential coverage.
The launch of the offering, known as Chase Protect, comes as part of the bank’s strategy to simplify protection for its customers and provide an easy-to-use, all-in-one insurance solution at a fixed monthly cost, according to FF News.
The firm provides a range of digital banking services, including current accounts, savings products, round-ups, cashback on spending, and a highly rated mobile app designed for convenience and seamless account management.
Chase Protect combines worldwide travel insurance, mobile phone insurance, and AA U.K. Breakdown Cover into a single, easy-to-manage bundle. The package is available at a fixed monthly rate of £12.50, giving customers straightforward access to essential protection without the complexity of multiple policies.
The product is fully integrated into the Chase app, enabling customers to purchase and manage cover, as well as submit claims directly from their smartphones. This digital-first approach is designed to provide convenience and streamline insurance management.
In addition to its insurance offering, Chase Protect is available as an add-on to the Chase current account. Customers signing up for the account can also access other benefits such as a competitive easy-access savings rate with the Chase Saver account, round-ups, cashback on spending, and more. The product rollout is being implemented in stages starting today.
Chase Head of Insurance Harish Iyer said, “We’re excited to introduce Chase Protect, a simple and affordable way for our customers to safeguard what matters most. By bringing together essential insurance coverage in one easy-to-manage bundle, we’re helping make protection more convenient and better value – all via the Chase app.”
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