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Budget Insurance

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Budget Insurance
ISIN🆔
IndustryInsurance
Founded 📆1996; 30 years ago (1996) in Peterborough, UK
Founder 👔
Area served 🗺️
Products 📟 Car, Van, Home and Life Insurance
OwnerBGL Group
Members
Number of employees
🌐 Websitehttps://www.budgetinsurance.com/
📇 Address
📞 telephone

Budget Insurance is a trading name of BISL Limited, a UK-based insurance intermediary that is part of BGL Group.[1][2][3] The brand has provided home, car, van and life insurance for over 3 million customers across the UK for 25 years.[4][5][6][7][8][9] In 2004, Budget Insurance became the cheapest provider of home and motor cover in the UK.[10][11] Their car and van insurance policies have both received a 5-star rating from independent assessor defaqto[12][13], whilst their Life insurance policies received a 4-star rating.[14]

Budget Insurance takes its name from the original company established in 1992 by South African Billionaire Douw Steyn, which later became BGL Group.[15][16][17][18] Further insurance brands under the same name were established in South Africa in 1998[19] and in Australia in 2000.[20] Whilst these organisations are separate from BGL group, they are contained within the same parent company, BHL Holdings Limited.[21]

References

  1. "Insurance policies designed to meet today's busy lifestyles". Unknown parameter |url-status= ignored (help)
  2. Sharp, Joe (2020-03-16). "Budget car insurance review - Which?". Which? Money. Retrieved 2021-07-12.
  3. Sharp, Joe (2020-03-16). "Peterborough fintech giant BGL Group looks to recruit new apprentices". www.peterboroughtoday.co.uk. Retrieved 2021-07-16.
  4. "Car Insurance from Budget Insurance". www.moneyexpert.com. Retrieved 2021-07-12.
  5. McGee, Scott. "McEntee appointed director of BGL's insurance brands". Insurance Times. Retrieved 2021-07-16. Unknown parameter |url-status= ignored (help)
  6. "Compare the Market - Budget Home Insurance". www.comparethemarket.com. Retrieved 2021-07-12.
  7. "Budget car insurance". Uswitch. Retrieved 2021-07-12.
  8. "BGL Group moved its contact centre fully online in 8 days as COVID-19 hit". diginomica. 2021-02-03. Retrieved 2021-07-16.
  9. "BGL Group CIO Stuart Walters: AI Will Change Insurance Forever. Rushing it Can be Fatal". Red Herring. 2019-10-01. Retrieved 2021-07-16.
  10. "Motor cover on a tight Budget". the Guardian. 2004-07-23. Retrieved 2021-07-16.
  11. "It pays to shop for home cover". the Guardian. 2004-02-21. Retrieved 2021-07-16.
  12. "Star Ratings | Car insurance". www.defaqto.com. Retrieved 2021-07-12.
  13. "Star Ratings | Commercial vehicle insurance". www.defaqto.com. Retrieved 2021-07-12.
  14. "Star Ratings | Life assurance (direct)". www.defaqto.com. Retrieved 2021-07-12.
  15. "This South African billionaire surged up the UK's rich list – and is now one of three locals inside the top 100". Retrieved 2021-07-16. Unknown parameter |url-status= ignored (help)
  16. "Four SA billionaires make it onto the UK's Rich List for 2021". The South African. 2021-07-12. Retrieved 2021-07-16.
  17. "Douw Steyn - Disrupting insurance paves way for R6.5bn City". BizNews.com. 2015-09-22. Retrieved 2021-07-16.
  18. "South African 'lifestyle resort' endorsed by Nelson Mandela opens". the Guardian. 2015-03-11. Retrieved 2021-07-16.
  19. "We Are Leaders In The Insurance Industry | Budget Insurance". www.budgetinsurance.co.za. Retrieved 2021-07-16.
  20. "Our Company". Budget Direct. Retrieved 2021-07-16.
  21. "Who we Are". tihsa.co.za. Retrieved 2021-07-16. Unknown parameter |url-status= ignored (help)


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