| Updated:
Sainsbury’s car insurance tie-up
SAINSBURY’S Finance is planning to launch a new reward scheme for shoppers, aimed at tapping the car insurance market.
The scheme, underwritten by RBS Insurance, will see Sainsbury’s Nectar card users receive a discount of up to 15 per cent on car insurance premiums. Shoppers will also get double loyalty points on purchases in-store for two years.
Latest figures for Sainsbury’s insurance business show a 25 per cent increase in new business year on year, and record pre-tax operating profits of £30m.