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Ulster Bank Life Insurance

ULSTER BANK LIFE INSURANCE

Ulster Bank, founded in 1836, is one of the UK Big Four in both the Northern Ireland and the Republic of Ireland. Ulster Bank main base is in Belfast in Northern Ireland and it maintains a large sector of the financial services in both UK and Republic of Ireland as well as having operations on the Isle of Man. The Bank is currently owned by the Royal Bank of Scotland (RBS), one of the largest financial institution in Europe and largest in the world by market capitalisation.

The RBS Group main subsidiary companies are: The Royal Bank of Scotland; National Westminster Bank; Drummonds and Coutts & Co. Insurance companies also include Direct Line, Privilege, Churchil Insurance & NIG. In 2000 the bank reportedly transferred National Westminster Life Assurance Limited to RBS Life Investments Limited, effectively establishing the business as a joint venture with Norwich Union.

  Today, Ulster Bank Insurance Uk product range appears fairly limited but includes Life Protector lifecover, a term assurance & Mortgage Repayment Protector cover an accident sickness & redundancy policy.  Ulster Bank Life Insurance is provided by National Westminster Life Assurance Limited, a subsidiary company of National Westminster Bank Plc. Ulster Bank in the 2000's has a multi-channel capability across the Uk and in 2009 includes distribution via Bank Staff in Branch. 

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