Virgin Money has announced they will team up with TOWER Australia to offer life insurance products to Australians in early 2011. Virgin Money will lend its brand, innovative approach to product development, customer service and marketing expertise to the alliance, while TOWER Australia will manufacture the life insurance products and provide the ongoing infrastructure to manage all policies.
So who is Virgin Money? Virgin Money is the financial services arm of Sir Richard Branson’s Virgin Group. Established in Australia in 2003, Virgin Money offers a range of financial products including credit cards, savings accounts, superannuation and car insurance.
Virgin Money say they “promise to offer customers a great value, honest and transparent alternative to personal finance. Shaking up the Australian finance scene and driving fair competition to make everyone better off remains the primary focus of everyone at Virgin Money.”
About TOWER Australia: TOWER Australia is the only specialist life insurance company listed on the Australian Securities Exchange. It has in-force premium of more than $1 billion and is committed to making life insurance a well understood and valued part of people’s lives.