Chase, a UK-based, app-only retail bank brand owned by JPMorgan Chase and operated through J.P. Morgan Europe, has launched its first insurance product in the UK, introducing a bundled protection offering designed to provide essential cover at a fixed monthly price.
The new product, branded Chase Protect, forms part of the bank’s strategy to simplify protection for customers by offering a digital, all-in-one insurance solution integrated directly into its mobile banking app.
Chase Protect combines worldwide travel insurance, mobile phone insurance and The AA breakdown cover into a single package.
The bundle is priced at £12.50 per month, allowing customers to access multiple types of protection without managing separate policies.
The product is fully embedded within the Chase app, enabling customers to purchase cover, manage policies and submit claims directly from their smartphones.
The digital-first structure is intended to streamline insurance administration and improve customer convenience.
Chase Protect is offered as an add-on to a Chase current account. Customers who hold the account can also access additional features including cashback on selected spending categories, round-ups and a linked savings product through the Chase Saver account.
Harish Iyer, Head of Insurance at Chase, said the new product is designed to deliver straightforward and affordable protection through a single interface. He added that bundling essential cover within the app aims to improve both value and ease of use for customers.
We’re excited to introduce Chase Protect, a simple and affordable way for our customers to safeguard what matters most.
Harish Iyer, Head of Insurance at Chase
“By bringing together essential insurance coverage in one easy-to-manage bundle, we’re helping make protection more convenient and better value – all via the Chase app,” Harish Iyer said.
The rollout of Chase Protect is being implemented in stages, beginning in August 2025.
Launched in 2021, it’s positioned as a digital challenger bank offering current accounts, savings, cards and in-app investing to UK residents.
Chase marks JPMorgan Chase’s first consumer-facing retail bank outside the US. Announced in January 2021, it entered the UK to compete with established high-street banks and newer challengers like Monzo and Starling Bank.
The UK operation runs as a division of J.P. Morgan Europe Limited and has no physical branches, relying entirely on its mobile app and online channels.
Since launch, Chase has grown quickly, being described as one of the fastest-growing UK fintech and challenger bank apps.
By mid-2023 it had attracted billions of pounds in customer deposits and over a million customers, rising to about 2.5 mn customers by early 2025.
In 2023 it announced a ban on cryptocurrency purchases via its cards and accounts, citing fraud concerns.
