Payment Protection Insurance

What is Payment Protection Insurance?

Payment Protection Insurance is designed to maintain an individual’s ability to pay their loan and/or other repayment commitments should their personal circumstances change unexpectedly as a result of an accident, illness or redundancy. Maintaining an individual’s repayments relieves stress, protects their credit rating and reduces the risk of having to surrender a financed property.

Design a Programme to Meet the Needs of Your Target Market

We arrange bespoke coverage for banks and other finance companies to meet the specific requirements of individual borrowers. Our PPI programme can be tailored to cover a wide range of life-changing events, with flexible benefit amounts, and differing deferment and benefit periods.

Example coverage includes:

• Unemployment
• Accident
• Illness
• Loss of driving licence (medical reasons)

Policies can also include one of the following “voluntary” circumstances:

• Resignation
• Maternity or paternity cover

Benefits of Payment Protection Insurance

Implementing our PPI offers banks and other finance companies a number of benefits:

• Giving cover in the event of unemployment – a key concern
• Bespoke coverage for a wide variety of unexpected lifestyle changes
• Unique “Loss of driving licence” cover
• Competitively priced cover
• Deferment and benefit periods that can be tailored to meet different client requirements
• Reduced credit risk
• Improved solvency position