What is PAYMENT PROTECTION INSURANCE? What does PAYMENT PROTECTION INSURANCE mean?. [sociallocker][/sociallocker] What is PAYMENT PROTECTION INSURANCE? What does PAYMENT PROTECTION INSURANCE mean? PAYMENT PROTECTION INSURANCE meaning ... source
Payment Protection Insurance or PPI as it is more commonly known is a repayment protector designed to protect consumers who borrow forms of credit. It has core benefits such as sickness, disability an.
Anyone who has taken out a loan, a mortgage or any form of credit agreement in the past few years will likely be paying into a payment protection insurance policy. This is designed to cover the repayments on the loan in the event of involuntary redundancy. However, many policies were sold in a manner that was not within the regulations, hence the claims scandal.