U.K.: Citibank Links with Legal & General to Provide Protection Products
London – Citibank is partnering with Legal & General to offer protection products to customers in the U.K. beginning August 1, 2006. Citibank will initially offer Legal & General’s term assurance, critical illness and income protection cover for customers looking to protect themselves and their families, and plans to increase its range of services going forward.
The new range of life insurance products is part of Citibank’s broader wealth management and banking service, which provides customers with investment advice, current and savings accounts, a free financial health check, and four London branches open with a full counter service 8-8 Monday-Saturday.
Barbara Zito, Head of Insurance Services, Citibank U.K. said: “We are committed to offering superior products and services to consumers and are delighted to partner with Legal & General, the biggest provider of term and critical illness cover in the market. Citibank’s new range of protection products provides our customers with more choice when considering their financial needs.”
Chris Last, Managing Director of Banks & Building Society Distribution, Legal & General said, “We are pleased to be working with Citibank to provide their customers with accessible, value for money products. We look forward to a long term partnership with part of the world’s leading financial services organization.”
“Legal & General was recently named the number one protection provider in the U.K. This position is due to our award-winning, good value for money products.”
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Citi Consumer Banking in the U.K.
Citi’s U.K. consumer business serves over one million customers with a wide range of Citibank cheque, savings, foreign currency accounts, personal loans, insurance, Citigold investment services; Citi Cards credit cards and Diners Club cards; and CitiFinancial consumer finance loans and mortgages from over 100 branches (100 consumer finance, 5 retail banking) and by 24/7 Citiphone and online banking services. Additional information may be found at www.citibank.co.uk, www.dinersclub.co.uk or www.citifinancial.co.uk.
Citigroup, the leading global financial services company, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at www.citigroup.com.
Legal & General is one of Britain’s top 50 FTSE companies with over 5.6 million customers and over 9,000 employees. The company is involved in one in every nine mortgages in the U.K. (12 months, to December 2005). The Legal & General Group is responsible for the investment of £200 billion worldwide on behalf of investors, policyholders and institutions. Additional information can be found at www.legalandgeneralgroup.com.
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