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Barclays is best known for its high street banking
presence in the UK and its famous credit card known as “Barclaycard”.
In recent years however, this UK-based financial services group has
grown to become one of the biggest financial operators in the world,
operating in Europe, Africa, Asia and the USA. It currently services
25 million customers from over 60 different countries worldwide and
is regulated and authorised by the Financial Services Authority.
In recent years, Barclays has demonstrated its willingness to broaden
its product base by selling insurance products direct to the public.
Extensive brand advertising and discounted insurance policies have helped
this famous financial services brand grab market share and cross sell
to existing banking and credit card customers.
Innovative product benefits have also helped Barclays
sell insurance policies, for instance car insurance policyholders who
utilise the recommended repairer service following an accident receive a
free car valet before their car is returned in addition to a three year
guarantee on any repairs carried out. Barclay’s home
insurance cover for
instance includes automatic new for old replacement subject to terms and
conditions. Customers can also obtain online quotations for student
possessions and
travel insurance. For those who are worried about health, Barclays also
offers personal accident and hospital cash plans.
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