Similar to the Marks and Spencer and Post Office Life Insurance deals through quidco.
You sign up for a short term life insurance policy and after 3 premiums quidco cashback of £80 is paid.
The minimum monthly premium is £6, you cannot chose the premium it works it out for you based on how much you want to be insured for and for how long. I have taken this insurance out for myself and my other half and am paying £6.89 per month for mine. Once the cashback appears I will cancel the direct debit. I have the policy in front of me and it clearly says that if a premium is not paid within 30 days of its due date then the policy will lapse.