There is an increasing number of British Soldiers wanting life insurance. Members of the Armed Forces who are currently serving in places such as Iraq are taking out more accident and life insurance, according to industry experts.

It is thought this is an attempt by servicemen and women, to increase Ministry of Defence (MOD) compensation pay-outs should anything happen to them whilst their on duty.

Keith Simpson, a conservative MP, said: ‘The question you have to ask is why do soldiers feel that what the Government offer as compensation is not enough. You also wonder what the premiums must be.’

An MOD report that was leaked last year revealed that soldiers could end up paying nearly £1,000 a year for life cover.