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T&Cs updated – Earn 10,000 Virgin Flying Club miles with Virgin Money life insurance

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On Thursday we wrote about a bonus miles offer with Virgin Money life insurance.

Until 7th August Virgin Atlantic Flying Club members who take out a life insurance policy will receive 10,000 Flying Club miles.

The Virgin Money website stated that the cheapest premium was £6 per month, but according to comments under our article some readers were able to get life insurance for as little as £0.80 per month – a ridiculously cheap way of ‘buying’ miles.

Virgin Money has since pulled the offer and replaced it with an amended version.

A minimum monthly premium of £10.00 now applies to the Flying Club miles offer.  This applies to all policies taken out from Friday.  If you took one out on Thursday, your miles will be honoured. 

The other key things you need to know about this offer are:

The 10,000 Virgin Flying Club miles are awarded up to 60 days after the sixth consecutive monthly payment

You must be a Virgin Flying Club member

You must be a UK resident and over 18 years old

This offer is for new customers only

One offer per person – joint policies receive the same 10,000 miles

The application website is here. You can also apply by calling 0800 0728870.

Virgin Money life insurance policies come with various perks including access to the Virgin Money lounges.

If you qualify for the cheapest monthly payment of £10, you need to pay at least £60 to receive the 10,000 Flying Club miles. This assumes you are happy to cancel before the miles arrive, as that may take an extra 60 days as per the rules.  0.6p per Flying Club mile is still a pretty good deal.

The closing date for applications under this offer is 7th August, so you have over a month to decide whether you want to take out a life insurance policy with Virgin Money.

How to earn Virgin Points from UK credit cards

How to earn Virgin Points from UK credit cards (September 2023)

As a reminder, there are various ways of earning Virgin Points from UK credit cards.  Many cards also have generous sign-up bonuses.

You can choose from two official Virgin Atlantic credit cards (apply here, the Reward+ card has a bonus of 15,000 Virgin Points):

SPECIAL OFFER: The sign-up bonus on the Virgin Atlantic Reward+ Mastercard is doubled to 30,000 Virgin Points if you apply by 2nd October. You receive 15,000 Virgin Points with your first purchase and a further 15,000 points if you spend £3,000 within 90 days. Apply here.

Virgin Atlantic Reward+ Mastercard

30,000 bonus points (SPECIAL OFFER TO 2ND OCTOBER) and 1.5 points for every £1 you spend Read our full review

Virgin Atlantic Reward Mastercard

A generous earning rate for a free card at 0.75 points per £1 Read our full review

You can also earn Virgin Points from various American Express cards – and these have sign-up bonuses too.

American Express Preferred Rewards Gold is FREE for a year and comes with 20,000 Membership Rewards points, which convert into 20,000 Virgin Points.

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review

The Platinum Card from American Express comes with 30,000 Membership Rewards points, which convert into 30,000 Virgin Points.

The Platinum Card from American Express

30,000 points and a huge range of valuable benefits – for a fee Read our full review

Small business owners should consider the two American Express Business cards. Points convert at 1:1 into Virgin Points.

American Express Business Platinum

40,000 points bonus and an annual £200 Amex Travel credit Read our full review

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

Click here to read our detailed summary of all UK credit cards which earn Virgin Points

(Want to earn more Virgin Points?  Click here to see our recent articles on Virgin Atlantic and Flying Club and click here for our home page with the latest news on earning and spending other airline and hotel points.)

Comments (42)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Roger1* says:

    revant? er, relevant.

  • Gail says:

    I don’t recommend applying to Virgin for insurance if you have had any historical medical conditions which are in the past. They turned me down for having had breast cancer over ten years ago.

    • the real harry1 says:

      Isn’t that better/ cheaper premiums for healthy people? (Don’t take it the wrong way. If they eliminate people with health problems, the healthy lot get cheaper premiums.)

      • Gail says:

        The dualism of healthy and unhealthy people is a myth. People who have been cured of diseases are healthy!

    • Roberto says:

      Whilst I understand your comment , many of the people here will be skimming over their previous medical history as they were only interested in the cheap miles. The cover was just an irrelevant by-product in the process.. Consider it and the twenty quid as collateral damage almost…

  • Sam says:

    Roberto I would suggest failure to declare medical history is tantamount to fraud. I would be very careful about attempting to claim miles in these circumstances, if that is what you have done. Virgin money are a large financial institution and will have (I suspect) ways of checking the information input is accurate.

    Anyone ‘forgetting’ information would be best advised to cancel the policy within the cooling off period and re submit based on accurate info. I am 40+ Smoker and got a policy for £12. Is it really worth it?

    • Roberto says:

      FWIW my poilcies were £1.98 and £1.86.. As two fit slim healthly non smokers we both fall into the low risk category so my policies are not fraudulent as you appear to alude.

      I was talking generally about “people” piling in for the miles without any regards to the framework of the deal – the greed is evident when you look at todays other thread.

      Buying multiple flights you wont every fly on is not realyy much different to forgetting youre a smoker and signing up for a cheap 6 months worth of life insurance that you cant claim on.

      Virtual credit cards , hoover promos and “cheese-gate” as well as non existent pet insurance also come to mind but I for one miss my imaginary cat so cant throw stones at that one..

      These offers are ill thought threw by marketers that just dont understand how the world works in some circles. If there rules are open to abuse then someone smart will work an angle..

      All the best….

  • Steve says:

    @Anika: Hi, you mention that VM has given you an assurance in writing that the deal would be honoured until 4pm Friday 22nd June. Can you share this at all, just in case? I got a quote on the Thursday and purchased around 1pm on Friday for a policy that was just under £7 and intend to keep it for the duration of my mortgage. The VFC miles offer was a deal sweetener; it was comparable with other providers but the miles swung it so would be unhappy if VM didn’t honour what was on their website when I got the quote. Thanks for your efforts.

  • @mkcol says:

    Bizarre – refused cover yet only thing I’ve had was a malignant mole burnt off 4 years ago, and father died from lung cancer 35 years ago yet lung cancer wasn’t a condition I could choose from.

    I do have tinnitus but there’s no option in the “problems with your ears” section, so had to change my answer.

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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