YuLife is a ‘challenger’ insurance company which allows businesses to offer life insurance and other products to their staff. Whilst the business is a start-up, it is backed by AIG and the CEO was the former head of Vitality, the insurance company which used to offer discounts on British Airways flights (and now gives discounts on Virgin Atlantic).
If your employer uses YuLife, you might not know that you can get Avios via your membership. If you are an employer, you might be interested in offering this to your staff.
YuLife is a provider of group life insurance, group income protection and group critical illness policies, sold ONLY to corporates to offer their employees.
Because that sounds boring, it dresses this up with a wide range of additional benefits designed to promote health and wellbeing amongst staff, some of which earn YuCoin points which can be converted to Avios.
It seems to work. The company claimes that 72% of insured employees download the YuLife app and 43% have used it at least once in the last month.
Earn Avios by walking!
Here is the slightly odd thing.
As far as I can tell from their website, the main way that you – as an individual whose employer has covered them with YuLife – can earn Avios is by walking. A lot.
Take a look at the YuLife website here.
Once you have downloaded the YuLife app to your phone, you can allow it to track how far you walk.
You will earn 1 YuCoin, which I think converts to 1 Avios, for every mile you walk. There are also in-app rewards – you can “earn YuCoin by going on walking and mindfulness quests, and progress through levels and worlds.”
If you don’t want to convert your YuCoin into Avios, you can also swap them for Amazon credit or many other rewards and vouchers. The conversion rate between Avios and Amazon vouchers is not clear, so I don’t know how much you are ‘paying’ per Avios if you take the miles over Amazon credit.
If this screenshot is accurate:
….. then the earning rate is not good. It shows 50 YuCoin getting you 50 Avios, whilst 208 YuCoin gets you a £2.50 Marks & Spencer voucher. This implies that you are ‘paying’ 1.2p per Avios when you choose them over M&S credit which isn’t good.
For employers, the cost per employee covered starts at £4.99 per month. For clarity, it is not possible to sign up as individual to YuLife.
(Want to earn more Avios? Click here to visit our home page for the latest articles on earning and spending your Avios points and click here to see how to earn more Avios from current offers and promotions.)