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Earn 5,000 Virgin Flying Club miles with Virgin Money life insurance, from £10 a month

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Virgin Money has brought back its offer of bonus Flying Club miles with Virgin Money life insurance.

Until 7th November Virgin Atlantic Flying Club members who take out a life insurance policy will receive 5,000 Flying Club miles.  This is a big drop on the last time this offer ran, when you received 10,000 miles.

A minimum monthly premium of £10.00 now applies and you need to keep the policy for six months before you receive the miles.

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

The 5,000 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 5,000 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 5,000 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.  On this basis, it is NOT worth doing purely for the miles unless you will also get some value from the insurance.

The closing date for applications under this offer is 7th November.

How to earn Virgin Points from UK credit cards

How to earn Virgin Points from UK credit cards (December 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):

Virgin Atlantic Reward+ Mastercard

15,000 bonus points 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.

SPECIAL OFFER: Until 9th January 2024, you will receive 30,000 Membership Rewards points (convertible to 30,000 Avios) with American Express Preferred Rewards Gold. You receive 25,000 points if you spend £3,000 in three months and a further 5,000 points if you hold the card for 15 months. You can apply here.

American Express Preferred Rewards Gold

Your best beginner’s card – 30,000 points (TO 9th JANUARY), FREE for a year & four airport ….. Read our full review

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

SPECIAL OFFER: Until 9th January 2024, you will receive a huge 100,000 Membership Rewards points (convertible to 100,000 Avios) with The Platinum Card. You receive 75,000 points if you spend £10,000 in six months and a further 25,000 points if you hold the card for 15 months. You can apply here.

The Platinum Card from American Express

Crazy 100,000 points (TO 9th JANUARY) 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 (19)

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

  • Jonty says:

    Life insurance is the one product I buy that I always hope to have been a waste of money

    • Alex W says:

      Exactly, I sincerely hope no HFP readers get any “value” out of the policy over the next 6 months!

      • Matt says:

        Obviously he doesn’t mean it like that. In this case you would assign value to having a virgin life insurance product if you didn’t have another policy already and they offered a competitive rate. Also you get a free will writing service which again carries value if you haven’t got a written will yet.

  • Nick says:

    Slightly relevent – I took out a policy in the golden window last time when the 10k miles were offered but there wasn’t a £10 minimum spend. Just checked and so far neither of the two direct debits meant to go out seem to have although the DD is set up and the policy is still showing live – anyone else had this?

    • Vivian says:

      Same here. I had a call from a guy at Virgin Money last month who confirmed my first DD would go earlier this month – it didn’t.

      • Nick says:

        I thought I’d give them a call – supposedly the issue is if your premium is less than £1 a month then they/the bank can’t process the DD, confirmed my policy was live and fine and supposedly the DD will be taken from September. Hope this doesn’t cause another issue on top of already expecting to have to argue for the miles in 4 months time due to the £10p/m T&C change.

        • Genghis says:

          I’ve just realised that this has happened to us too as our policies are less than £1pcm. What’s the resolution? It’s 6 monthly payments to get the miles? Or do we just have a free life insurance policy?

        • Nick says:

          Genghis supposedly my DD is now meant to start in September and take the by then 3 x e.g. 80p = 2.40 payments but then do monthly at 80p again?, person did not sound altogether convincing on this though. Ultimately they confirmed the policy is live and no action required from me. It took about 3minutes total so maybe worth double checking on your ones – number is 0800 294 7575.

        • Sue says:

          I’ve been told where they couldn’t take the payments as it was less than £1 then they’ll write off those months. So I would still expecting my points in 6 months from when I took out the policy as it was their error that they couldn’t DD less than £1

    • KevMc says:

      My wife and I have both had two DD’s paid, the first of which was on 4th July. Our policies were £1.20 and £1.05 though, so I guess this may be the reaosn we haven’t seen any problems (judging by Nick’s comment above).

      I am also expecting to have to fight for the points come December, but we shall see.

    • Nick M says:

      My premium is (just) over £1 and has been collected as expected… I had a call a week or so after taking it out and they confirmed I was eligible for the miles – so not expecting too much of an issue once I’ve paid the 6 premiums

      (Premiums are ridiculously expensive when compared like for like with my other policies)

  • EOC says:

    I think I’d rather buy a case of wine from Virgin Wines and get 3000 points rather than spend £80 and get 5000 points and no wine…

  • Phil says:

    OT – I’ve asked before but not very clearly.

    Long and short of my questions is, do you think the BAPP AMEX will still be here in 3 months’ time?

    I would like to wait until I’m eligible for the bonus, but I don’t want to wait so long that the card is gone completely!

  • mr dee says:

    OT: Just noticed you can pay 10k virgin miles to access the clubhouse, worth if you have no lounge access and have a load of miles to burn

  • Lady London says:

    I can hardly contain my disinterest.

    BTW, where’s Harry?

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

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