Chase has launched its first insurance product in the UK, Chase Protect, priced at £12.50 a month. The bundle includes worldwide travel insurance, mobile phone insurance and car breakdown cover, with policy purchase and claims managed through the Chase banking app rather than a separate insurer relationship.
TL;DR · LAST REVIEWED 20 July 2026
- Chase Protect is the JPMorgan owned digital bank's entry into UK insurance: a £12.50 monthly bundle of travel, phone and breakdown cover run inside the banking app.
- It puts Chase directly against Monzo Max and Revolut's paid plans, which bundle similar cover, and extends Chase UK's product range beyond accounts, savings and its credit card.
KEY FACTS
- Product: Chase Protect, the first UK insurance product from Chase
- Price: £12.50 a month
- Cover: worldwide travel insurance, mobile phone insurance and car breakdown cover
- Servicing: policy purchase and claims managed through the Chase banking app
- Chase does not underwrite the policies itself, in common with rival digital bank bundles
What Chase has launched
Chase Protect bundles three insurance lines that UK banks have traditionally sold through packaged current accounts: worldwide travel insurance, mobile phone insurance and car breakdown cover, for a single monthly price of £12.50. The distinguishing feature is distribution: the policy is bought and claims are managed inside the Chase banking app, with no separate insurer portal. Chase does not underwrite the cover itself, an arrangement shared by rival digital bank bundles, where the bank distributes policies underwritten by specialist insurers.
The competitive field
The launch places Chase in a crowded segment. Monzo's Max tier bundles mobile phone cover, travel insurance and breakdown cover, and Monzo has recently added a home insurance product. Revolut includes travel insurance and global medical cover in its paid plans. Starling takes a different route, offering insurance through a marketplace rather than packaging it into a subscription. High street banks sell comparable cover through packaged account insurance, such as Nationwide's Everyday Extra at £12 a month, which bundles family travel insurance, phone insurance and UK and European breakdown cover.
Why the launch matters
Chase launched its UK digital bank in 2021 with a current account and rewards programme, and has since added savings accounts, a credit card and investment features following its acquisition of Nutmeg. Insurance extends that range into a product line high street banks have long used to deepen customer relationships. In the Competition and Markets Authority's latest service quality survey, Chase ranked third of 16 providers for digital banking services, behind only Monzo and Starling, and fifth for overall service quality, ahead of every high street bank except Nationwide, a ranking position that makes its product expansion directly relevant to the incumbents it competes with.
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DISCLAIMER
This article is for general information only and is not financial advice. Offers, rates, terms and eligibility rules can change or be withdrawn by providers at any time. Always confirm the current terms on the provider's own website before applying.
Frequently asked questions
What is Chase Protect?
Chase Protect is the first UK insurance product from Chase, a £12.50 a month bundle covering worldwide travel insurance, mobile phone insurance and car breakdown cover, managed in the banking app.
Does Chase underwrite the insurance itself?
No. In common with rival digital bank bundles from Monzo and Revolut, the cover is underwritten by specialist insurers with Chase acting as distributor.
How does Chase Protect compare with Monzo and Revolut?
Monzo's Max tier bundles phone, travel and breakdown cover and Revolut's paid plans include travel and medical cover. Chase Protect offers a similar bundle at a standalone £12.50 monthly price.
How are claims made on Chase Protect?
Policy purchase and claims are handled through the Chase banking app, rather than through a separate insurer website or phone line.
What other products does Chase UK offer?
Since launching in 2021, Chase UK has added savings accounts, a credit card and investment features built on its acquisition of Nutmeg, alongside its current account and rewards programme.
SOURCES
- https://www.chase.co.uk/ – accessed noopener nofollow
- https://register.fca.org.uk/ – accessed noopener nofollow
- https://www.gov.uk/government/publications/personal-current-account-service-quality-survey-results – accessed noopener nofollow
