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Get up to 13,750 Avios with Sainsbury’s life insurance – and a look at other insurance offers

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When Nectar and Avios began their partnership in January 2021, it opened up Sainsbury’s Bank as another potential route for indirectly earning Avios.

When it comes to earning Avios from insurance, your best bet is Alan Boswell Insurance Brokers. You can read about Alan Boswell’s Avios offer in this article. They can offer you up to 10,000 Avios when you take out household, business, medical or landlord insurance.

Boswell doesn’t offer Avios on all insurance types, however, and Sainsbury’s Bank could fill some of the gaps. Details of what it offers are here.

Sainsburys Bank insurance nectar

What insurance products can I buy from Sainsbury’s Bank?

These are the insurance products on offer:

Sainsburys Bank life insurance Nectar offer

Get 22,000 Nectar points with a life insurance sign-up offer

There is currently a generous offer running on Sainsbury’s Bank life insurance as you can see here.

This what you can earn:

  • 10,000 Nectar points (6,250 Avios) if your policy is under £8.50 per month
  • 16,000 Nectar points (10,000 Avios) if your policy is £8.50 to £20 per month
  • 22,000 Nectar points (13,750 Avios) if your policy is over £20 per month

You don’t qualify for the points until you have paid your first five monthly premiums. After this time, the points may take a further 60 days to reach your Nectar account.

You also earn a MONTHLY Nectar bonus with your insurance

When you become a Sainsbury’s Bank insurance customer, you receive a monthly points bonus. This is equivalent to the base points you earned in Sainsbury’s and at Sainsbury’s petrol stations during the previous month.

For example, if you spend £200 across Sainsbury’s and its fuel stations in August, you would receive a bonus of 200 Nectar points in September.

Here’s the clever bit. The more insurance policies you buy, the bigger your bonus.

Each Nectar account can earn the bonus from one car, one home, one pet, one travel and one life insurance policy. This means that you could earn a monthly bonus worth FIVE TIMES your monthly spending in Sainsbury’s, assuming you had five policies across the five categories above.

Is this a good offer? Clearly it depends on how much you spend at Sainsbury’s and how little you spend on insurance. I can imagine how, for someone with substantial Sainsbury’s spending, the bonus points could effectively make the insurance free.

To be clear, it is only base points from Sainsbury’s supermarket and garages which are doubled. Bonus point offer in-store are not doubled, nor points from Argos, Habitat, Sainsbury’s Bank, Sainsbury’s Energy and other Sainsbury’s services are not included.

Earning Nectar points with Sainsburys Bank insurance

You may receive targetted offers for other policy types

To be honest, it is quite rare for Sainsbury’s to offer an ‘open to all’ sign up bonus such as the current life insurance deal.

It is more common for you to be offered targetted deals via the Nectar app. For example, I am currently offered 7,000 Nectar points (4,375 Avios) if I take out home insurance. This offer does not appear if you visit the home insurance website.

Conclusion

As the value of any insurance offer is totally dependent on the premium you are quoted, you clearly need to look at any Nectar earning in the context of what your policy will cost.

That said, it is worth keeping an eye on the Nectar app to see what targetted sign-up offers are made available to you.

It is also true that, if you have substantial monthly spend at Sainsbury’s supermarkets and petrol stations, the monthly bonus points could represent a good return on your premiums.

PS. Don’t forget to also check out Alan Boswell Group’s Avios-earning deals on business, landlord, household and private medical insurance.


HFP-Barclaycard-Avios-Card

How to earn Avios from UK credit cards (November 2022)

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

In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

25,000 Avios for signing up and an upgrade voucher for spending £10,000 Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

5,000 Avios for signing up and an upgrade voucher for spending £20,000 Read our full review

There are two official British Airways American Express cards with attractive sign-up bonuses:

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review

British Airways American Express

5,000 Avios for signing up and an Economy 2-4-1 voucher for spending £12,000 Read our full review

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards 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

30,000 points and unbeatable travel benefits – for a fee Read our full review

Run your own business?

We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,000 Avios.

Capital On Tap Business Rewards Visa

10,500 points bonus – the most generous Avios Visa for a limited company Read our full review

You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus.

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

There are also generous bonuses on the two American Express Business cards, with the points converting at 1:1 into Avios. These cards are open to sole traders as well as limited companies.

American Express Business Platinum

40,000 points sign-up bonus and a £200 Amex Travel credit every year 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 Avios. This includes both personal and small business cards.

Comments (19)

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

  • Ian McDowall says:

    My 20k nectar arrived this morning. 😁

  • Mr. AC says:

    Can someone who tries filling out the application report what’s the lowest life insurance premium they could get? E.g. paying a minimum of 40 quid to get 10k nectar is not exactly a smashing deal.

    • Jonathan says:

      “ The amount of life cover selected was too low, so we have increased it to match the minimum premium we can offer you.”

      Minimum premium being £5/month

    • BJ says:

      £5, maximum 2 policies per household per year. If you are over 50 then their over 50s policy is the best deal given what I guess to be your intentions.

      • Munch says:

        Just received my 20000 points for over 50’s policy. I assume I can now cancel? Is the annual limit start when you take out the policy?

        • BJ says:

          Urs, you can cancel. I am not certain on the answer to your other question. I cycle them so that I receive the 2x bonus in 1 calender year and so far that has worked.

      • fivebobbill says:

        Hey BJ, were your 2 per household on the one Nectar card, or two?
        I ask as I took a couple of the over 50’s out for me and the wife at the same time, but she doesn’t have her own Nectar card so I registered them both onto mine. One of them (don’t know which, it just says Sainsburys bank Award on my statement), paid out 20,000 the day after 5th payment on July 1st, no sign of the other a month later.
        Both were taken out at exactly the same time. I know T&C’s say up to 60 days, but I raised the matter with L&G the other day and got an email next day to say they were investigating.

        • BJ says:

          In my case both policies were in my name and on my Nectar card as my partner is not yet over 50. Note that I never took the policies out at the same time, they did not even overlap as I cancelled one before starting the next. I believe you are entitled to both bonuses so hopefully L&G will sort it out. I think the key is two bonuses per household per year, not about Nectar accounts and names.

          • fivebobbill says:

            Thanks for this, in hindsight your strategy does look to be a better bet than mine, but I wasn’t sure how long the offer would be out there so dived in for both at once. We’ll see how we go with L&G, the agent did seem fairly receptive and the follow-up email says they’ve passed it onto Sainsbury’s to investigate. I shall of course report on any progress 😊

          • BJ says:

            The offer has been running off and (mostly) on for years and I’ve took advantage since I turned 50. Funded a lot of VTEC and LNER with them. Only surprise is that L&G keep paying out despite me cancelling. I expect you’ll get your points.

  • kevbar says:

    Sainsburys Bank are refusing to pay my 6000 points for car insurance from last December, with various made up excuses.

    • Pablo says:

      They never paid out for my imaginary cat insurance either. However they paid out promptly for my life insurance.

  • Colin MacKinnon says:

    How do the points appear on your statement? I have the credit card and an over 50s life assurance, but just one 20,000 point credit (Sainsbury’s Bank)

    • BJ says:

      You should also have monthly transactions fir SB under your Nectar app activity detailing the bonus poiht credits Rob refers to.

  • M says:

    Is this a Steve Belkin style scaling opportunity? Should I find 50 students willing to sign up for insurance? 😁

  • Nick says:

    I don’t know if anyone else took advantage, but we briefly had a taste of the old HfP Tesco Pet Insurance days back in April, when Sainsbury’s pet insurance were offering 8,000 Nectar points for taking out a policy. My son’s rabbit was covered for a small monthly premium, and, very surprisingly, the 8,000 Nectar points were posted only 3 weeks after the policy started. Worth looking out for in future.

  • Luke says:

    I just applied but they insist on a health check before proceeding. I probably shouldn’t have been so truthful about alcohol consumption.
    Anyway, the time and inconvenience of a health check outweigh the points, so application is being cancelled.

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

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