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Barclays Personal Overdraft Payment Protection Insurance

Overdraft Payment Protection Insurance is no longer available to new applications.

If you require life, accident, sickness or involuntary unemployment cover, please see our insurance products.

 

There is no change for existing Personal Overdraft Payment Protection Insurance policyholders - your cover will continue as normal.

Please contact your Barclays branch if you have any queries about your policy.

 

 

Existing customers

If you can't work because of an accident or sickness, Barclays Personal Overdraft Payment Protection Insurance could cover some of your overdraft.

Cover may also be provided if you are made unemployed through no fault of your own. It could also help pay off your overdraft if you die.

Cover is available to Personal Overdraft customers who are aged 18 or over and under 70 and are resident in the UK. 

More than just money

In addition to financial help, we offer a range of services to help while you are off work.

Our back-to-work service can offer support if you have been made unemployed.

The service includes self-help booklets, help with writing a CV and access to careers websites.

Cost of cover

This statement of price provides you with full information concerning the cost of your Barclays Personal Overdraft Payment Protection Insurance Policy.

The monthly premium, per person covered, for your Barclays Personal Overdraft Payment Protection Insurance including Insurance Premium Tax at the rate that applies at the date of payment, is calculated at a rate of 80p for every £100 of your insured overdraft limit. Please note that for joint applications, the total premium payable will be the combined premiums for each applicant applying for cover.

The premium (and related benefit) is based on the overdraft limit and will be charged irrespective of your actual usage of the overdraft facility. The premium rate will be periodically reviewed by the insurer, at least annually, and you will receive 30 days' prior notice in writing of any premium change. We may also change your premiums if the insurance premium tax rate changes.

The monthly premium price for your Barclays Personal Overdraft Payment Protection Insurance will be debited from your account on the first working day of the month. If your account is overdrawn at the time the premium is charged, or if the payment or the premium results in an overdraft, you will pay interest on the premium amount.

Barclays Personal Overdraft Payment Protection Insurance is optional and is not a condition of taking out or holding an overdraft with Barclays Bank PLC. Before applying for this product it's important that you calculate your monthly premium and read the guide to insurance 180 KB to understand what's covered and what's not.

If you have any questions or would like advice and recommendation on your personal circumstances, you can go into a branch and speak to a member of staff.

Terms and conditions

Cover is available to Personal Overdraft customers who are aged 18 or over and under 70 and are resident in the UK.

You will not be covered for any pre-existing medical conditions, unless at the time of the claim you have been symptom-free and have not consulted a doctor or received treatment for this pre-existing medical condition for at least two years.

You will not be covered for any unemployment of which you were aware of at the start date. You are not covered for unemployment that occurs within 60 days of the start date and you must be in continuous work for at least 6 months at the time your employment ceases.

This insurance is underwritten by Barclays Insurance Dublin Limited and Barclays Assurance Dublin Limited. Barclays Insurance Dublin Limited and Barclays Assurance Dublin Limited are regulated by the Financial Regulator. 

Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk. Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).

Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.


 

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