MoneySantanderSantander has explained who is eligible for the payments11:41, 08 Jul 2026Santander has told customers they could pocket up to £150 paid straight into their bank accounts.The high street bank has sent out emails this year, outlining who qualifies and whether recipients will receive £100 or the full £150 when certain criteria are fulfilled. Part of the emails reads: "You've got a lot on your plate - work, family, life. But some things are worth taking a moment for. With Santander life insurance, protecting your loved ones is simple. You can get a quote online in just a few minutes."Santander has confirmed that once a policy is set up, monthly premiums will stay fixed. The life insurance is underwritten by Aviva, Britain's biggest insurer, which reported that 99.8% of Aviva life insurance claims were paid out in 2024. New life insurance policyholders will pocket £100 cashback, reports the Express.However, Santander mortgage customers, Select account holders, or those with a current account from the Santander Edge range will be entitled to £150. The money is transferred directly into your account without the need to make a claim. Santander noted that terms and conditions apply, and the offer may be withdrawn at any time.Cashback is credited to your account 280 days after the policy starts, provided it remains active. The cashback is restricted to one payment per customer and covers a single policy only.Article continues belowSantander stressed that quotes can be obtained online within minutes.Choose Daily Mirror as a 'Preferred Source' on Google News for quick access to the news you value.‌Aviva plcBanksCurrent accountsSantander