ActivoBank review

The starting premium quoted is €9.52 for the life range, close to the site median of €8.37 and well under the upper end at €29.72. ActivoBank ranks 140 of 252 brands on starting price, so the entry premium sits in the middle of the field.

ActivoBank is a broker, broker, so the risk sits with an insurer while the bank's own activity is licensed in Portugal. The bank is authorised by the Banco de Portugal (23) and the insurance activity is supervised by the Autoridade de Supervisao de Seguros e Fundos de Pensoes (419501226).

health, dental and home are all offered through the bank, so several personal lines can sit with one provider instead of separate insurers. The gadget line carries the published excess, starting at €50, and the life line carries the starting premium of €9.52.

Claims run through app, phone and email, which covers the app, phone, email, the online customer area and a bank branch. Because ActivoBank is a broker, broker, the insurer handles the payout and the bank stays the point of contact for the policy.

Support on the life line runs through phone, email and help centre, so phone, email and a help centre are the routes there. The wider bank relationship opens more, since app, phone and email includes the app, phone, email, an online customer area and a branch.

The renewal age on the Life YOLO! range differs by cover. Death cover renews to the higher actuarial age, while the other covers renew to a lower one, so anyone planning cover into later life should check which line they are on first.

On the Life YOLO! line, death cover starts from a low entry sum and has no ceiling once the Vital Events option is added, while the dependency and serious illness covers stop at a fixed maximum. The amount you can be paid therefore depends on which optional cover you pick.

The head office is in Portugal, PT, and both licences are Portuguese, so the cover is written for a single market. As a broker, broker, ActivoBank places business with insurers for its Portuguese customer base rather than operating across borders.