A payment protection plan was first launched to
help people who are under financial crises to
meet their outstanding debt.
It is like any other
insurance plan that can be taken over on a loan or
mortgage to save a person from an unresolved
liability when...
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A payment protection plan was first launched to
help people who are under financial crises to
meet their outstanding debt.
It is like any other
insurance plan that can be taken over on a loan or
mortgage to save a person from an unresolved
liability when he becomes incapable of repaying
his debt to the company or the person who has
lent him money.
In such a condition, he can claim
for the insured money from the insurance firm.
But
the process of claiming back money is not as
simple as it sounds.
If the insurance you bought
on your loan is something you are not eligible to
get, it will fail to help you in the time of crises as
you will not be able to .
Now the question arises
that if you are not eligible to get it then why were
you sold this particular insurance? There can be
many reasons behind it like:
ppi
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