Terms and Conditions

Over 50s Fixed Life Insurance policies taken out between 27 February 2023 and 27 April 2026 T&Cs ↓

These terms and conditions apply to policies taken out between 27 February 2023 and 27 April 2026.

Receive a £100 shopping e-Gift card for M&S, Argos or B&Q, six months after you purchase Over 50s Fixed Life Insurance through TSB, who act as an introducer to Legal & General Assurance Society Limited.

Who is eligible for this offer?

You’re eligible for this special offer if you:

Are a new L&G Over 50s Fixed Life Insurance customer who has bought a policy introduced by TSB.
Are aged between 50 and 80 and resident in England, Scotland, Wales or Northern Ireland.
Take out a policy for L&G Over 50s Fixed Life Insurance through TSB, online, by post, in branch or via the telephone.
Have a live policy in place for a six-month period and all payments are made in full and on time.

You’re not eligible for this special offer if:

You’re an existing L&G Over 50s Fixed Life Insurance Customer with an Over 50s Fixed Life Insurance policy, introduced by TSB already.
You cancel your L&G Over 50s Fixed Life Insurance policy, bought through TSB, within 6 months of taking out the policy.
You have previously held and cancelled a L&G Over 50s Fixed Life Insurance policy, bought through TSB, within the last 18 months.
You have Over 50s Fixed Life Insurance policies with L&G whereby the total cover across all policies exceeds £10,000.

How it works

How to claim your shopping e-Gift card.

The policy holder as listed on your policy will receive a “What Happens Next” email or letter within 30 days of the policy purchase from The Marketing Lounge Partnership Limited (“MLP”) to advise the next steps. Emails will come from mail@myrewards.tsb.co.uk(Link opens in a new tab) effective from 05/01/2026 (previously noreply@myrewards.tsb.co.uk(Link opens in a new tab)).
Once you have had a live policy in place for six months and all payments are made in full and on time (“the eligibility date”) you will receive a “How to Claim” email or letter from MLP within seven days. The email or letter will contain details on how to claim the e-Gift card along with a website link and a unique code. If you don’t claim it within the 30 days, we will send you three reminder emails or letters.
You must claim your e-Gift card within 6 months from the eligibility date, otherwise you will lose your right to the e-Gift card.
You can select your £100 e-Gift card from either M&S, Argos, or B&Q.
TSB and/or MLP may amend the e-Gift card retailers at any time, if they feel it would be reasonable to do so; however, the monetary value of this offer will not change.

Important information about this offer:

No cash alternative will be offered.
TSB and/or MLP may communicate with you in relation to this offer either by email, by telephone or by post.
This offer is limited to a maximum of one e-Gift card per person and a maximum of two e-Gift cards per household.
Your e-Gift card cannot be amended once issued.
If you do not receive your e-Gift card or if there is a problem using it, you should contact MLP for help. You can contact them on01565 656 724 (lines are open Monday-Friday, 9am-5.30pm, excluding Bank Holidays).
Neither TSB or MLP are liable for the chosen retailer entering insolvency and no longer accepting the e-Gift card.
The following retailer conditions apply:
- M&S is not a sponsor of this promotion. M&S Gift Cards may be used to purchase goods of a higher price than the amount on the card, on payment of the difference. Cannot be exchanged for cash or used to pay for M&S Bank services, products or outstanding card balances, made to measure shirts, personalised cards or M&S energy or to buy another gift card or e-gift card. Can be used in all M&S stores in the UK and Channel Islands, including outlet, railway, motorway and airport stores but not in BP Connect stores. Are valid for 24 months from the last transaction (transactions include balance enquiries). Any remaining balance will be cancelled on expiry of the
  validity period. Cannot be returned or refunded, except in accordance with your legal rights, for example in the event they are not satisfactory quality. Should be treated as cash, M&S will not accept liability if lost, stolen or damaged.
- Argos e-Gift Cards may be redeemed in full or part payment for goods in-store or online at argos.co.uk from the Argos range, including current promotional offers, at the prevailing prices listed. e-Gift Cards cannot be used for the purchase of other gift cards or vouchers. GBP £ e-Gift Cards cannot be redeemed in ROI. The e-Gift Card is not a credit, payment or cheque guarantee card, cannot be redeemed for cash or returned under the Argos 30 Day Guarantee and cannot be sold. This will not affect your statutory rights. Argos Ltd reserve the right to decline or withdraw the e-Gift Card at any time. Argos Ltd cannot be held liable for lost, stolen or damaged e-Gift cards.
- B&Q is not a sponsor of this promotion. B&Q e-Gift Cards can be used in full or part payment for any products purchased from B&Q stores in the UK (except concessions and cafes in B&Q stores) and also on diy.com. The e-Gift Card cannot be used for purchases from B&Q call centres, in B&Q stores outside of the UK, in the ROI or the Channel Islands or exchanged for cash. No change will be given in cash. Any balance remaining on the e-Gift Card will be shown on the till receipt and can be used in full or part payment for other products. If the e-Gift Card is lost, stolen or damaged B&Q cannot replace or reimburse the balance on the e-Gift Card. The e-Gift Card will expire and any remaining balance will be removed if the Card is not used to make a purchase or balance enquiry during any period of 5 consecutive years. The full terms and conditions applicable to the e-Gift Card can be obtained at www.diy.com/giftcard(Link opens in a new tab). The e-Gift Card is issued by and remains the property of B&Q plc, B&Q House, Chestnut Avenue, Chandler’s Ford, Eastleigh, Hampshire, S053 3LE. Company No. 00973387
If the retailers are amended, the e-Gift card conditions of the amended retailers will apply.
This offer is only available if you apply through TSB for Over 50s Fixed Life Insurance provided by L&G. If you apply via a financial adviser, or through any other intermediary, you will not be eligible for this offer.
TSB may amend or withdraw this offer at any time by giving you notice on tsb.co.uk.
This offer cannot be used in conjunction with any other discount or offers.
TSB reserves the right to cancel this offer should we discover or have a reasonable suspicion that the terms and conditions of this offer are being abused.

Sharing your information

We want you to know that TSB respects the information we hold on you and that we take the security of your information very seriously.
For details of TSB’s Privacy Notice, please visit tsb.co.uk/privacy
We will only share your details with MLP in order to provide the e-Gift card to you.
This offer is provided by TSB Bank Plc and administered and fulfilled by MLP.
For information on how MLP & Subsidiaries will manage your personal data, please read their Privacy Notice at https://mlp.agency/privacy/(Link opens in a new tab)
TSB Over 50s Fixed Life Insurance is introduced by TSB Bank plc but is provided by Legal & General Assurance Society Limited. Legal & General Assurance Society Limited is registered in England and Wales No. 166055. Registered office: One Coleman Street, London EC2R 5AA. Legal & General Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 117659.
For details of L&G’s Privacy Notice, please visit Privacy policy, Legal & General (legalandgeneral.com)

The Marketing Lounge Partnership Limited, a company registered in England and Wales. Company registration number is 06467245 and registered office is at The Cow Shed, Walnut Tree Farm, Lower Stretton, Cheshire, United Kingdom, WA4 4PG

Over 50s Fixed Life Insurance policies taken out from 28 April 2026 T&Cs ↓

These terms and conditions apply to policies taken out from 28 April 2026.

In these terms and conditions, “TSB”, “we”, “us” and “our” means TSB Bank plc, Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH, registered in Scotland No. SC095237. Over 50s Fixed Life Insurance is introduced by TSB Bank plc but is provided by Legal & General Assurance Society Limited, One Coleman Street, London, EC2R 5AA, registered in England and Wales No. 00166055 (“L&G”)

Who is eligible for this offer?

You're eligible for this special offer if you:

Are a new Legal & General Over 50s Fixed Life Insurance customer who has bought a policy introduced by TSB.
Are aged between 50 and 80 and resident in England, Scotland, Wales or Northern Ireland.
Take out a policy for Legal & General Over 50s Fixed Life Insurance through TSB, online, by post, in branch or via the telephone.
Have a live policy in place for a six-month period and all payments are made in full and on time.

You're not eligible for this special offer if:

You’re an existing L&G Over 50s Fixed Life Insurance Customer with an Over 50s Fixed Life Insurance policy, introduced by TSB already.
You cancel your L&G Over 50s Fixed Life Insurance policy, bought through TSB, within 6 months of taking out the policy.
You have previously held and cancelled a L&G Over 50s Fixed Life Insurance policy, bought through TSB, within the last 18 months.
You have Over 50s Fixed Life Insurance policies with L&G whereby the total cover across all policies exceeds £10,000.

How it works

How to claim your shopping e-Gift card.

The policy holder as listed on your policy will receive a “What Happens Next” email or letter within 30 days of the policy purchase from The Marketing Lounge Partnership Limited (“MLP”) to advise the next steps. Emails will come from mail@myrewards.tsb.co.uk(Link opens in a new tab)
Once you have had a live policy in place for six months and all payments are made in full and on time (“the eligibility date”) you will receive a “How to Claim” email or letter from MLP within twenty days. The email or letter will contain details on how to claim the e-Gift card along with a website link and a unique code. If you don’t claim it within the 30 days, we will send you three reminder emails or letters.
You must claim your e-Gift card within 6 months from the eligibility date, otherwise you will lose your right to the e-Gift card.
You can select your £100 e-Gift card from either M&S, Argos, or B&Q.
TSB and/or MLP may amend the e-Gift card retailers at any time, if they feel it would be reasonable to do so; however, the monetary value of this offer will not change.

Important information about this offer:

No cash alternative will be offered.
TSB and/or MLP may communicate with you in relation to this offer either by email, by telephone or by post.
This offer is limited to a maximum of one e-Gift card per person and a maximum of two e-Gift cards per household.
Your e-Gift card cannot be amended once issued.
If you do not receive your e-Gift card or if there is a problem using it, you should contact MLP for help. You can contact them on 01565 656 724 (lines are open Monday-Friday, 9am-5.30pm, excluding Bank Holidays).
Neither TSB or MLP are liable for the chosen retailer entering insolvency and no longer accepting the e-Gift card.
The following retailer conditions apply:
o M&S is not a sponsor of this promotion. M&S Gift Cards may be used to purchase goods of a higher price than the amount on the card, on payment of the difference. Cannot be exchanged for cash or used to pay for M&S Bank services, products or outstanding card balances, made to measure shirts, personalised cards or M&S energy or to buy another gift card or e-gift card. Can be used in all M&S stores in the UK and Channel Islands, including outlet, railway, motorway and airport stores but not in BP Connect stores. Are valid for 24 months from the last transaction (transactions include balance enquiries). Any remaining balance will be cancelled on expiry of the validity period. Cannot be returned or refunded, except in accordance with your legal rights, for example in the event they are not satisfactory quality. Should be treated as cash, M&S will not accept liability if lost, stolen or damaged
o Argos eGift Cards may be redeemed in full or part payment for goods in-store or online at argos.co.uk from the Argos range, including current promotional offers, at the prevailing prices listed. eGift Cards cannot be used for the purchase of other gift cards or vouchers. GBP £ eGift Cards cannot be redeemed in ROI. The eGift Card is not a credit, payment or cheque guarantee card, cannot be redeemed for cash or returned under the Argos 30 Day Guarantee and cannot be sold. This will not affect your statutory rights. Argos Ltd reserve the right to decline or withdraw the eGift Card at any time. Argos Ltd cannot be held liable for lost, stolen or damaged eGift cards.
o B&Q is not a sponsor of this promotion. B&Q e-Gift Cards can be used in full or part payment for any products purchased from B&Q stores in the UK (except concessions and cafes in B&Q stores) and also on diy.com. The e-Gift Card cannot be used for purchases from B&Q call centres, in B&Q stores outside of the UK, in the ROI or the Channel Islands or exchanged for cash. No change will be given in cash. Any balance remaining on the e-Gift Card will be shown on the till receipt and can be used in full or part payment for other products. If the e-Gift Card is lost, stolen or damaged B&Q cannot replace or reimburse the balance on the e-Gift Card. The e-Gift Card will expire and any remaining balance will be removed if the Card is not used to make a purchase or balance enquiry during any period of 5 consecutive years. The full terms and conditions applicable to the e-Gift Card can be obtained at www.diy.com/giftcard(Link opens in a new tab). The e-Gift Card is issued by and remains the property of B&Q plc, B&Q House, Chestnut Avenue, Chandler's Ford, Eastleigh, Hampshire, S053 3LE. Company No. 00973387
If the retailers are amended, the e-Gift card conditions of the amended retailers will apply.
This offer is only available if you apply through TSB for Over 50s Fixed Life Insurance provided by L&G. If you apply via a financial adviser, or through any other intermediary, you will not be eligible for this offer.
TSB may amend or withdraw this offer at any time by giving you notice on tsb.co.uk.
This offer cannot be used in conjunction with any other discount or offers.
TSB reserves the right to cancel this offer should we discover or have a reasonable suspicion that the terms and conditions of this offer are being abused.

Sharing your information

We want you to know that TSB respects the information we hold on you and that we take the security of your information very seriously.
For details of TSB’s Privacy Notice, please visit tsb.co.uk/privacy
L&G will only share your details with MLP in order to provide the e-Gift card to you.
This offer is provided by TSB Bank Plc and administered and fulfilled by MLP.
For information on how MLP & Subsidiaries will manage your personal data, please read their Privacy Notice at https://mlp.agency/privacy/(Link opens in a new tab)
TSB Over 50s Fixed Life Insurance is introduced by TSB Bank plc but is provided by Legal & General Assurance Society Limited. Legal & General Assurance Society Limited is registered in England and Wales No. 166055. Registered office: One Coleman Street, London EC2R 5AA. Legal & General Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority under number 117659.
For details of L&G’s Privacy Notice, please visit Privacy policy, Legal & General (legalandgeneral.com).