Ulster Bank Launches Car Insurance

19th April 2010

Ulster Bank today announced it will offer private motor insurance to the public. The new product will feature attractive discounts of up to 10% on new policies for existing Bank customers and is available throughout Ulster Bank's 135 strong branch network in the Republic of Ireland. The product is underwritten and administered by market leading insurer Aviva.

The move will see Ulster Bank create one of the largest in-branch distribution networks for car insurance in the Irish marketplace. Customers will also be able to purchase their policy online at www.ulsterbank.ie/carinsurance or by calling 1890 700 800.

Existing Ulster Bank customers with a ufirst current account or combined savings/mortgage product will be rewarded an automatic 10% discount on all new policies, while a 5% saving will be available to customers with either a savings or a mortgage account. Alternatively, existing ufirst, mortgage or savings account customers can purchase their policy online and avail of an additional internet discount of least 5%.

Ulster Bank provide 2 distinct levels of cover. The first, a 'value' insurance offering, will provide price sensitive shoppers with comprehensive car insurance cover with the option of purchasing 'add-ons', thus enabling customers to build a tailored insurance package within budget. The second a 'premier' offering will provide customers with comprehensive cover including breakdown assistance, windscreen cover and a lower policy excess as standard.

Tim McCarthy, Managing Director Retail Direct, Ulster Bank, says: "Ulster Bank is focused on evolving its product offer to meet the needs of customers. Motor insurance is the latest in a suite of products, to meet customers' day-to-day banking and financial needs. This latest offer captures consumers' appetite for greater value car insurance in Ireland, whilst rewarding our existing customers with attractive discounts and incentives. By partnering with leading insurer Aviva, Ulster Bank is now in a position to provide comprehensive cover nationwide through the familiarity and strength of the bank's established branch network and brand name."