Payment Protection Insurance banking claims

Payment Protection Insurance

Payment protection insurance (PPI) is a product sold with loans, credit cards and mortgages and other credit products such as car finance and catalogue accounts. PPI can also be purchased separately as a stand-alone policy from an insurance company, where it is not linked to the mortgage, loan or credit card covered by the policy. The purpose of PPI is to cover the repayments on any of the above products when you are not able to. You can make a claim if you are unable to work due to accident, illness, disability, redundancy or death. Under your policy, depending the terms and conditions, all or some of your credit repayments will be...